Category: Blog

Singapore Airlines (SIA) is set to invest an additional ₹3,194.5 crore in Tata Group-owned Air India after Vistara merges with Air India on November 11, 2024. The merger, first announced on November 29, 2022, will give SIA a 25.1% stake in the expanded Air India. Vistara, which began operations in 2015, was created as a…

On Veterans Day, November 11, 2024, the U.S. stock markets, including the Dow Jones, S&P 500, and Nasdaq Composite, will remain open for trading. Veterans Day is a federal holiday observed to honor U.S. military veterans, but unlike some other federal holidays, it is not a market holiday. The New York Stock Exchange (NYSE) and…

Power Grid Corporation of India Limited (POWERGRID), founded on October 23, 1989, under the Company Act of 1956, is a “Maharatna” public sector enterprise and the largest electric power transmission utility in India. The company has maintained an “Excellent” rating under its Memorandum of Understanding with the Ministry of Power since 1993-94. POWERGRID has been…

Motilal Oswal has reiterated a BUY recommendation for GAIL (India) following its Q2 FY25 results, which came in line with the brokerage’s expectations. GAIL reported stable transmission EBITDA and a return to profitability in its petchem business during the quarter. Motilal Oswal believes that GAIL has the potential for a 10% tariff hike in its…

Oil India, a Maharatna with a 65-year legacy in the oil and gas industry, saw its stock price climb an impressive 9.4% on the BSE over the trading week of November 4-8, 2024. Currently, the stock trades at ₹508.20 per share, showing a remarkable year-to-date (YTD) rally of 101.51%, making it a strong performer this…

The defense PSU BEML Limited is a stock to watch during the November 11-15, 2024, trading week as it approaches its Q2 FY25 earnings announcement on Monday, November 11. Despite not being among the large-cap defense giants like Bharat Electronics (BEL) or Hindustan Aeronautics (HAL), nor the midcap PSU BEML Ltd under the Defence Ministry,…

The NTPC Green Energy IPO, valued at an estimated ₹10,000 crore, is one of 2024’s most highly anticipated public offerings. Supported by NTPC, India’s leading power producer, NTPC Green Energy aims to make a mark in the renewable energy sector, competing with established players like Adani Green Energy and Renew Power. Here’s a rundown of…

ITI Ltd’s share price saw a significant surge in the week of November 4-8, 2024, climbing by 33.25%, with a notable 19% intraday jump on November 8. The stock reached an intraday high of ₹317.50 on BSE before closing at ₹303.60, up 13.86%, giving the company a market capitalization of ₹29,172.53 crore. The impressive rally…

Akzo Nobel India, a global leader in coatings, has announced an interim dividend of ₹70 per share for the financial year 2024-25. The record date for this dividend is set for November 15, 2024. This dividend will be paid within 30 days of the declaration, subject to tax deduction at source (TDS) as per the…

Sudarshan Pharma Industries Ltd., a specialty chemical company headquartered in Mumbai, recently announced a 1:10 stock split after an impressive 403% surge in its share price this year. Originally scheduled for November 18, the record date for this split has been updated to November 23, 2024, due to administrative adjustments. By splitting each share into…