NSE

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Defence stock jumps after it receives an order to manufacture 400 agricultural drones

Paras Defence and Space Technologies Ltd shares gained 2.6 percent in Monday’s session. The shares rose after the company signed a Rs 42-crore deal with IFFCO Nano Fertilisers for 400 agri-drones.
As per exchange filings, The company received a contract to manufacture 400 units of Agri-Drones for IFFCO Nano Fertilisers, including a two-year annual maintenance contract (AMC), for a total of about Rs. 42.4 crores to deliver drones by March 31, 2024.
The order breakdown, which includes delivery of Drones and their accessories is about Rs. 34.7 Crores, and the value of AMC for two years is approximately Rs. 7.7 Crores, for a total of approximately Rs. 42.4 Crores. At 12:10 pm, the shares of Paras Defence and Space Technologies quoted Rs 621.80, up 1.39 percent on NSE.

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FII Investers impact on Stock Market

FII investors can have a significant impact on the stock market. These investors are typically large, institutional investors with deep pockets and as such, they have the ability to move the markets in their direction. When FII investors begin to invest or exit certain stocks and markets, it can create buying and selling pressure that can push prices in that direction. Furthermore, when FII investors increase their equity exposure, it can create confidence in the broader market and create a self-fulfilling momentum. Ultimately, FII investors can have a big influence on the stock market and their actions can cause large swings in prices and valuations.

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DII Investers impact on Stock Market

The presence of large, institutional investors such as hedge funds, mutual funds, pension funds, and insurance companies can significantly affect stock market prices. These large investors trade millions of shares daily and can exert influence over market prices through their buying and selling activity. As a result, their trading activity has the potential to drive up or push down stock prices and create a ripple effect throughout the markets. In addition, their presence can create greater liquidity in the markets, reduce volatility, and improve the accuracy of pricing.

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FII Means

FII stands for “Foreign Institutional Investors”, which are large investors such as banks, mutual funds, and pension funds that invest in international markets outside of their home country. They are subject to regulations by their home country as well as the countries they invest in.

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MTF, Margin Trade Fund ?

A margin trade fund involves an investor using borrowed money to purchase stocks. The investor then uses the stock purchased as collateral for the loan. If the stock value rises, the investor makes a profit on the investment. If it falls, the investor must cover the loan with additional money or create a margin call and sell off enough of the stock to cover the loan, which may result in a loss.

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Chemical stocks that are planning to enter the EV market with capex of up to ₹ 5000 Cr

3 Chemical stocks that are planning to enter the EV market with capex of up to ₹ 5000 Cr

1. Neogen Chemicals Limited is a leading manufacturer of Bromine-based and Lithium-based specialty chemicals, Company has three decades of expertise in lithium salts.

2. Himadri Speciality Chemical Ltd one of India’s leading specialty chemical conglomerates, was the country’s first manufacturer and pioneer of the anode material required for lithium-ion batteries.

3. Gujarat Fluorochemicals (GFL) is a leader in Fluorine chemistry. It is one of the top five worldwide fluoropolymer players, exporting to Europe, the Americas, Japan, and Asia.

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EROS INTERNATIONAL Media Limited Stock drops up to 20% after SEBI bars the Company & its Promoters.

With a market capitalization of Rs 200 crores, the stocks of Eros International Media Limited saw a deep drag today after they slipped nearly 20 percent and reached Rs 21.10. The scrip is currently trading at Rs 21.70 which is near the 52-week low level of Rs 20.65.
One of the contributing factors to such a deep fall is pertaining to a regulatory filing that the company released with the BSE after market hours. The filing contained an Interim Ex Parte Order (binding order) from the Securities and Exchange Board of India (SEBI) in regard to an alleged breach of trade practice regulations.
Moreover, the capital market regulator also barred Mr. Sunil Lulla, Vice Chairman and Managing Director of Eros International Media Limited, from holding any Directorial position in any of the Group’s listed subsidiary companies.
Another one on the list is Mr. Pradeep Dwivedi who is barred from holding a Directorial position and accessing the stock markets until further order.
The company reported annual sales of Rs 680 crores during FY22-23 as compared to Rs 373 crores of sales in the previous financial year. Despite such positive numbers, the company’s Profit After Tax (PAT) slipped making it worse from a loss of Rs 9 crores during FY21-22 to a loss of Rs 119 crores in FY22-23.
Eros International Media Limited is engaged in the Entertainment and Media industry operating in the process of producing and distributing films in India and abroad. It distributes film content through various channels including television syndication, theatrical and digital platforms.

EROS INTERNATIONAL Media Limited Stock drops up to 20% after SEBI bars the Company & its Promoters. Read More »

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