Latest news with #OrientalCarbon
India Today
2 days ago
- Business
- India Today
Stocks to watch on June 11: Wipro, Reliance Infra, IndiGo, Maruti Suzuki
The Indian stock market ended slightly lower on Tuesday as investors booked profits after a recent rally on Dalal Street. Both the Sensex and Nifty traded flat for most of the day and closed with small De, Senior Technical Analyst at LKP Securities, said that the Nifty has sustained above the previous consolidation zone on the daily timeframe, indicating a continuation of the uptrend."This positive sentiment is likely to persist and the sentiment favour long trades as long as the index remains above the key support level of 24,850. On the higher side, the index may move towards 25,350 in the short term, with the potential for an extended rally if it breaks decisively above 25,350. However, a fall below 24,850 could trigger a correction," he is a look at the stocks that could be in focus on June 11:RELIANCE INFRASTRUCTUREReliance Defence, which is part of Reliance Infrastructure, has deepened its partnership with German defence company Diehl two firms had signed a cooperation agreement in 2019. Their new agreement aims to speed up the supply of Vulcano 155mm precision-guided ammunition to the Indian Armed support this, Reliance Infra is building a greenfield factory in Ratnagiri, Maharashtra. The new facility will have the ability to make up to 2 lakh artillery shells every year, along with 10,000 tonnes of explosives and 2,000 tonnes of has announced an extension of its partnership with Metro AG, a global food wholesaler. The deal has been extended for another two years. This ongoing collaboration is expected to strengthen Wipro's IT services presence in the retail and wholesale CARBON & CHEMICALSShares of Oriental Carbon may be active after Bank of America (BofA) purchased 53,428 shares in the company via a block deal on Monday. Oriental Carbon is a microcap stock and such deals often attract investor SUZUKIIndia's largest carmaker, Maruti Suzuki, is adjusting the production of its upcoming electric SUV, the e-VITARA. This decision has been taken due to a shortage of rare earth magnets, which are used in electric vehicles. The supply shortage may affect the company's plans for electric vehicle production in the short is planning to expand its global operations. The airline will start direct flights to three major cities in Central Asia – Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia). This move is part of IndiGo's strategy to strengthen its international presence and offer more options to FINANCEIIFL Finance will be raising up to Rs 600 crore by issuing non-convertible debentures (NCDs) through private placement. The fundraise aims to support the company's lending activities and improve its financial RAIL AND ENGINEERINGTexmaco Rail has received a fresh order worth Rs 44.04 crore from the Mumbai Railway Vikas Corporation. The company is involved in making railway equipment and infrastructure, and this order may boost its earnings TECHNOLOGYKaynes Technology announced that its fully-owned subsidiary, Kaynes Semicon, has signed an asset purchase deal with Fujitsu General Electronics Limited, Japan. This step could help Kaynes expand its presence in the semiconductor manufacturing FINANCIALMax Financial has appointed Sumit Madan as the new Managing Director and CEO of Axis Max Life. His five-year term will begin on October 1. This leadership change could bring fresh direction to the company's life insurance joint GRAMEENCreditAccess Grameen has secured a $100 million loan facility in multiple currencies. The social loan, classified under the automatic route of the Reserve Bank of India's external commercial borrowing (ECB) policy, will help the microfinance firm strengthen its lending COMPANIESShares of liquor companies may come under pressure after the Maharashtra government increased excise duties. The tax on Indian Made Foreign Liquor (IMFL) has gone up from 3 times to 4.5 times the declared manufacturing cost, capped at Rs 260 per bulk country liquor, the duty has increased from Rs 180 to Rs 205 per proof litre. This may affect pricing and margins for alcohol manufacturers in the state. advertisement
Time of India
2 days ago
- Business
- Time of India
Oriental Carbon shares in focus after BofA picks up stake in Rs 300 crore microcap counter
Oriental Carbon & Chemicals shares will be in focus on Tuesday after Bank of America (BofA) acquired 53,428 shares in the company via a block deal on Monday. The shares were purchased at Rs 289.53 apiece, taking the total deal value to around Rs 1.5 crore. The company, which manufactures insoluble sulphur—including customised and value-added grades—has a market capitalisation of Rs 302 crore on the NSE. Also Read: Swiggy, Radico Khaitan among 7 stocks on which brokerages initiated coverage, see up to 34% upside The stock is low on volatility and has traded with a 1-year beta of 0.9. The company reported a consolidated net profit of Rs 90 lakh in the quarter ended March 31, 2025, versus Rs 14 crore in the year-ago period. Revenue also fell sharply to Rs 29 crore, down from Rs 127 crore in the year-ago period. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 Oriental Carbon share price target and performance According to Trendlyne, the average target price for Oriental Carbon is Rs 132, indicating a potential downside of about 56% from current levels. One analyst covering the stock has a 'Strong Buy' rating. On the technical front, the stock's Relative Strength Index (RSI) stands at 83.9, suggesting it is in overbought territory and may see a pullback. Meanwhile, the MACD is at 10.1 and is above both its centerline and signal line, indicating a bullish trend. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven Shares of Oriental Carbon closed 20% higher at Rs 302.4 on the BSE in the previous session, outperforming the Sensex, which slipped 0.06%. The stock is up 31% year-to-date and has surged 80% over the past three months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Stocks in news: Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, Wipro
CreditAccess Grameen received $100 million multi-currency syndicated social loan facility, qualifies as an ECB under the automatic route of the Reserve Bank of India (RBI). Synopsis Oriental Carbon saw Bank of America buying shares. Maruti Suzuki is adjusting its e VITARA production. IndiGo is launching flights to Almaty, Tashkent, and Tbilisi. IIFL Finance plans to raise funds through debentures. Texmaco Rail secured an order from Mumbai Railway Vikas Corporation. Wipro extended its partnership with Metro AG. Kaynes Technology's subsidiary made an asset purchase agreement. Markets traded in a lackluster manner and ended almost unchanged on Tuesday, taking a breather after the recent surge. In today's trade, shares of Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, Wipro among others will be in focus due to various news developments. ADVERTISEMENT Oriental Carbon Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal. Maruti Suzuki The country's largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets. IndiGo Domestic carrier IndiGo said it is set to enhance its international capacity to Central Asia with the launch of direct flights to three key destinations -- Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia). IIFL Finance IIFL Finance is set to raise up to Rs 600 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. ADVERTISEMENT Texmaco Rail Engineering major Texmaco Rail and Engineering said it has received an order worth Rs 44.04 crore from Mumbai Railway Vikas IT services company Wipro announced the extension of its partnership with Metro AG (Metro), an international food wholesaler, for an additional two years. ADVERTISEMENT Kaynes Technology Semiconductor manufacturing company Kaynes Technology said its wholly-owned subsidiary, Kaynes Semicon, has entered into an asset purchase agreement with Fujitsu General Electronics Limited, Japan. Max Financial Max Financial appointed Sumit Madan as MD and CEO of Axis Max Life for a term of 5 years effective from October 1. ADVERTISEMENT CreditAccess Grameen CreditAccess Grameen received $100 million multi-currency syndicated social loan facility, qualifies as an ECB under the automatic route of the Reserve Bank of India (RBI). (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
2 days ago
- Business
- Economic Times
Oriental Carbon block deal: BofA buys stake in this Rs 300 crore m-cap counter. Stock surges 20%
Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal. The shares were bought at a price of Rs 289.53 a piece taking the deal size to Rs 1.5 crore. ADVERTISEMENT Shares of Oriental Carbon today shot up 20% or Rs 50.35 to hit the day's high of Rs 302.14 on the NSE. The company manufactures insoluble sulphur with the ability to manufacture customised and value added grades for its customers. Oriental Carbon & Chemicals shares have rallied 31% on the year-to-date basis outperforming Nifty whose returns stand at 6%. However, the stock is down 55% over a 1-year period. It is also down from its 52-week high of Rs 824 on the NSE. Its market capitalization is at Rs 302 crore on the NSE. Notwithstanding the decline, Oriental Carbon shares are trading above their 50-day and 200-day simple moving averages (SMA) of Rs 188 and Rs 221, respectively, according to Trendlyne. ADVERTISEMENT The stock is low on volatility and has traded with a 1-year beta of company reported a consolidated net profit of Rs 90 lakh in the quarter ended March 31, 2025 versus Rs 14 crore in the year ago period. The company's revenue also fell sharply to Rs 29 crore, down from Rs 127 crore in the year ago period. ADVERTISEMENT Also Read: Ashish Kacholia's portfolio conundrum: When earnings pop but stock prices sink up to 37% in CY25 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Oriental Carbon block deal: BofA buys stake in this Rs 300 crore m-cap counter. Stock surges 20%
Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal . The shares were bought at a price of Rs 289.53 a piece taking the deal size to Rs 1.5 crore. Shares of Oriental Carbon today shot up 20% or Rs 50.35 to hit the day's high of Rs 302.14 on the NSE. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensioners Can Buy These Electric Cars in Malaysia - See Prices Here! Electric Cars | Search Ads Search Now Undo The company manufactures insoluble sulphur with the ability to manufacture customised and value added grades for its customers. Oriental Carbon & Chemicals shares have rallied 31% on the year-to-date basis outperforming Nifty whose returns stand at 6%. However, the stock is down 55% over a 1-year period. It is also down from its 52-week high of Rs 824 on the NSE. Its market capitalization is at Rs 302 crore on the NSE. Live Events Notwithstanding the decline, Oriental Carbon shares are trading above their 50-day and 200-day simple moving averages (SMA) of Rs 188 and Rs 221, respectively, according to Trendlyne. The stock is low on volatility and has traded with a 1-year beta of 0.9. The company reported a consolidated net profit of Rs 90 lakh in the quarter ended March 31, 2025 versus Rs 14 crore in the year ago period. The company's revenue also fell sharply to Rs 29 crore, down from Rs 127 crore in the year ago period. Also Read: Ashish Kacholia's portfolio conundrum: When earnings pop but stock prices sink up to 37% in CY25
