GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Ircon International climbed as much as 8.1% on Friday to Rs 191.9 on the BSE after the company announced a work order worth Rs 51.61 crore from North Western Railway for installing a Remote Diagnostic and Predictive Maintenance System across multiple divisions in Rajasthan. In a filing dated May 15, Ircon International disclosed the receipt of a Letter of Acceptance from North Western Railway for the provision of a Remote Diagnostic & Predictive Maintenance System. The project covers the RE-MD section of Jaipur Division, MD-PNU section of Ajmer Division, RE-BTI section of Bikaner Division, and MTD-LUNI section of Jodhpur Division. The total value of the order is Rs 51.61 crore and the contract is scheduled to be completed within 24 months. The company clarified in its statement that the order is a domestic work contract and does not fall under related party transactions. Stock performance and technicals Ircon shares have gai...

[hfe_template id='11223'] [ad_1] Retail holding in 53 stocks in the BSE PSU index has gone up in the 9 months ended September 30, 2024 versus the December 2023 quarter and in this, 33 public sector stocks have outperformed the Nifty on the year-to-date basis. As against 13% returns by S&P BSE Sensex in CY24 so far, the returns by these stocks are in the range of 14% and 150%, according to Ace Equity data. By retail ownership, we mean individual investors holding shares worth Rs 2 lakh in a company. Bharat Dynamics has seen the highest increase in retail shareholding which grew by 524 bps. At the end of September quarter, retail holding stood at 11.71% versus 6.47% at the end of December 2023. Next is NHPC where retail holding increased by 507 bps from 4.45% in Q4CY24 versus 9.52% in Q3CY25. It is followed by BEML, where retail investors grew by 492 bps in the said period from 13.10% to 18.02%. The CY2024 returns by these stocks were at 42%, 27% and 51%. The highest r...

[hfe_template id='11223'] [ad_1] While the overall market sentiment was bearish on Wednesday, stocks such as RVNL, REC and CAMS were among those that offered a glimmer of hope in an otherwise bleak trading environment. RVNL has been a standout performer for the day with gains of over 8% while trading at Rs 587 on NSE after the company announced that it has received a letter of acceptance from Maharashtra Metro Rail Corporation (Nagpur Metro). Computer Age Management Services (CAMS) shares followed with a surge of nearly 4% on NSE while trading at Rs 4,138. Shares of REC, Indigo Paints and Manappuram Finance witnessed gains of 3% or above. Shares of Honasa Consumer-owned Mamaearth and One97 Communications-held Paytm went up more than 2%, along with JK Cement, KIMS, Raymond, PFC and ICICI Prudential Life Insurance.Stocks like Godrej Properties, Grasim Industries, Maruti Suzuki, HDFC Life Insurance, Marico, India Cements, Ircon International and Torrent Power too saw higher...