Consumer durable stocks, including those of Havells, Voltas, Crompton Greaves, and Symphony, are poised for substantial growth. Goldman Sachs has revised its targets, predicting a significant rise in air conditioner (AC) sales for FY25, with an expected growth rate of 30%, up from the previous estimate of 15%. Surge in Demand for Cooling Products Goldman…
The government is contemplating raising the income tax exemption limit to Rs 5 lakh under the new tax regime, offering no relief for others. To spur consumer spending and bolster GDP growth, the government is considering lowering personal income tax rates, multiple officials suggest. An official mentioned that the income threshold for tax exemption might…
Details of Stake Acquisition The promoter group, including Gautam Adani, made open market purchases on specific dates, which resulted in their combined holding rising from 71.95% to 73.95%. This 2.02% increase in their voting capital demonstrates the promoters’ confidence in the company’s future prospects. Impact on Adani Enterprises’ Stock Despite a significant drop of up…
Endurance Technologies has provided optimistic guidance for its three key segments: 4-wheelers, electric vehicles, and the aftermarket. This has led to a significant positive reaction in the stock market. Stock Performance Soars On June 14, shares of Endurance Technologies skyrocketed by 20%, reaching a new all-time high of Rs 3059.05. This surge in the auto…
JBM Auto Share Price Surge After Major MoU Announcement In a significant development, JBM Auto’s net profit surged 98.6% to Rs. 55.75 crore in the quarter ending June 2024, up from Rs. 28.07 crore the previous year. This impressive financial performance contributed to the rise in JBM Auto’s share price, which saw an uptick in…
Small-Cap IT Company Wins Major Contract in Karnataka A small-cap IT firm specializing in web application development, mobile app development, AI & ML development, ChatBot development, and product prototyping has secured a significant contract worth Rs 70 crore from Satra Services and Solutions Private Limited. This contract involves the computerization of Centrally Sponsored Primary Agricultural…
Ahead of Lok Sabha Election Results, Ambareesh Baliga is Bullish on This Multibagger PSU Stock As India anticipates the outcome of the ongoing Lok Sabha elections due on June 4, investors are keenly looking for investment opportunities in the stock market. With headline indices Sensex and Nifty50 making volatile moves near their all-time highs, analysts…
Overview: As a category, small-cap mutual funds have been stellar performers over the past three years, outpacing many others with an impressive average return of 25.92%. The top 15 small-cap funds have delivered annual SIP returns (XIRR) of 30% or more, with Quant Small Cap, Nippon India Small Cap, and ITI Small Cap leading the…
Remedium Lifecare Limited has announced the issuance of bonus shares to its eligible shareholders, offering 3 bonus shares for every 1 share held. This is the second bonus share issuance within a year. Key Details: Issuance Ratio: 3 bonus shares for every 1 existing share.Record Date: July 6, 2024.Previous Issuance: On July 28, 2023, shares…
Stock Market Today: Both major indices showed slight gains as the trading session progressed on Tuesday, May 28. The Sensex rose by 101.91 points, reaching 75,492.41, while the Nifty50 climbed 33.2 points to 22,965.65, both up by 0.14 percent. Market Overview: Domestic equity benchmarks edged higher, tracking the performance of their Asian counterparts. At the…
