Stocks

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Ashapuri Gold Ornament stock with 103% returns announces 1:10 stock split

This multibagger stock has delivered 103 percent returns in the past year, as its share price increased from ₹ 41.20 to ₹ 83.47. Ashapuri Gold Ornament is engaged in the business of wholesale trading of jewellery.The jewellery is manufactured on a job-work basis at Ahmedabad and Rajkot. The company has fixed Tuesday, July 18, 2023, as the record date for the purpose of sub-division of its equity shares in the ratio of 1:10. Therefore each share having a face value of ₹ 10 each will be divided into 10 equity shares having a face value of ₹ 1 each

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Tomorrow Stock Market will be provided sideways ?

Tomorrow Stock Market will be provided sideways
trend in this session.

It is difficult to predict the stock market trend for the next day and it largely depends on the current economic and political environment, news and announcements, and other factors like corporate earnings releases. As a result, it is impossible to make any definitive predictions about how the market will move in the next day or any other day.

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Tata Technologies Ltd IPO comming soon

Tata Technologies Ltd is planning to launch an Initial Public Offering (IPO) on the Bombay Stock Exchange and National Stock Exchange soon. As per reports, the IPO aims to raise up to Rs 3,500 crore. The company has appointed ICICI Securities, Jefferies India Private Ltd, IDFC Bank, and IDBI Capital as its book-runninglead manager for the issue. The proceeds from the issue will be used for capital expenditure and repaying the company’s debt. It is expected that the IPO will see good investor response as Tata Technologies is well established in different countries, and its business model is considered as one of the most reliable ones in the automotive industry.

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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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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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Adani Transmission Gets Shareholder Approval To Raise Up To Rs. 8,500 Cr

Adani Transmission has received approval from its shareholders to raise up to Rs. 8,500 cr. through the issue of equity shares on a qualified institutional placement basis. The company’s board approved the proposal on May 13, 2023. Adani Transmission then sought approval from its shareholders for this issue on May 15, 2023, and its BSE filings show that 98.64% of the shareholder votes were in favour of the resolution.

Disclaimer:
This is exclusively for educational purposes.

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