Tata Elxsi share price went down by 2% today, despite declaring a dividend of Rs. 70 per equity share on April 23. The decrease happened after Q4 results, which showed a 4.6% decline in net profit sequentially compared to the previous quarter. According to the company’s recent regulatory filing, Tata Elxsi’s net profit declined by 4.6% to Rs 197 crore in Q4FY24, compared to Rs 206.4 crore in Q3FY24. The net profit also decreased by 2.3% year-on-year. Operational revenue for the quarter fell by 1% to Rs 906 crore from Rs 914.2 crore in the December quarter but showed an 8.1% increase compared t ..read more

Shares of Welspun Corp Ltd were trading in the green and 4% higher on 24 April after the company announced securing an export order worth Rs 611 crore.  In its regulatory filing, the company said that it received a Letter of Award for exporting line pipes from India to Latin America. The order is to supply LSAW (longitudinal double submerged arc welding) pipes, coating and bends to Latin America for a total consideration of Rs 611 crore, which has to be executed during the current fiscal year.  This is the second such order received by the company in such quick success ..read more

If you’re considering intraday trading, which means buying and selling within a single day, it’s important to know that it can be both exhilarating and nerve-wracking. Although there’s potential for quick profits, emotions can make intraday trading quite chaotic. But don’t worry! If you understand how you work internally, you can go from being an agitated explorer to a strategic hunter. Here are some tips to develop a trader mindset. A) Taming the Two Big Beasts: Fear and Greed 1. Fear Fear of Missing Out (FOMO): When the market is booming, it’s easy to get swept up in the excitement and see ..read more

Tata Consumer Products Ltd. shares traded 3% lower despite announcing its results for the quarter and year ended 31st March 2024, which showed decent growth in its business and financial performance. As per the company’s regulatory filing on April 23, the Revenue from operations for the quarter was Rs 3927 Crores, up 9%, and for the year, it was Rs 15206 Crores, up 10%. The consolidated EBITDA for the quarter was Rs 631 Crores, up 22%, and for the year, it was Rs 2323 Crores, up 24%. The Profit before exceptional items for the quarter was Rs 509 Crores, higher by 12%, and for the year, it was ..read more

Under the futures and options (F&O) segment, three stocks were banned from trade on Wednesday, 24 April, by the National Stock Exchange (NSE). The securities banned for the F&O trade are Hindustan Copper, Vodafone Idea, and Zee Entertainment Enterprise Ltd. Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time. Hindustan Copper, Vodafone Idea, and Zee Entertainment were retained o ..read more

BharatPe, one of the leading Indian fintech company, launched an all-in-one payment product called BharatPe One, on April 23. The device is a combination of point of sale (POS) system, QR code, and speaker, integrated into a single device. The company aims to launch this product in around 100 cities in the first phase and further scale it to approximately 450 cities over the next six months. BharatPe One is equipped with a high-definition touchscreen display, 4G and Wi-Fi connectivity, and is powered by the latest Android operating system, which ensures enhanced performance and security.  ..read more

Shares of KP Energy rose by 5% to hit the upper circuit limit in early trading on April 23. This was in response to the company receiving an order from Bhathwari Technologies for the development of a 9 MW wind-solar hybrid power project in Gujarat, as per its recent regulatory filing. The project is scheduled to be completed by the financial year 2024-25 and is under the captive power project segment.  The project includes both supply and service for the development of the project on a turnkey basis, and it will be connected to the state transmission utility (STU) network. KP Energy also ..read more

Shares of Shish Industries Limited (SIL) skyrocketed 20% and hit a 52-week high of Rs 172.05 on 23 April after the company announced signing a 5-year trade agreement with an organisation in the USA. In its regulatory filing, the company said that it has signed a major long-term commercial trade deal with the USA-based Best Construction Products Inc (BCP) to supply various products agreed upon that are crucial for construction purposes for a total consideration of Rs 312 crore ($37.5 million). Both companies have agreed upon dynamic pricing based on actual freight costs, quality control, raw ma ..read more

Tata Power announced on 23 April that it has signed an agreement with Juniper Green Energy to develop an 85-megawatt hybrid power project in Maharashtra. “The project is the first wind-solar energy project for the company. It will utilise both wind and solar resources by combining 51 MW of wind energy and 34 MW of solar power,” Juniper Green Energy said in a statement. According to the firm, building an 85 MW hybrid power project in Maharashtra is the subject of the company’s power purchase agreement (PPA). The project is anticipated to electrify roughly 42,753 households and produce 215 milli ..read more

Hatsun Agro Product Limited witnessed a remarkable growth of 14% in its stock price on April 23, reaching Rs 1,133.30, following the announcement of its Q4 FY24 results in the company’s recent regulatory filing. The company reported a net profit of Rs 52.15 crore in the quarter, which is significantly higher than the Rs 24.98 crore profit they had in Q4 FY23.  The revenue from operations also showed a growth of 14.38%, amounting to Rs 2046.87 crore, as compared to Rs 1,789.46 crore in the corresponding quarter last year. Moreover, the company’s profit before tax in Q4 FY24 was Rs 70.89 cr ..read more