💡Thought for the day💰

⏰Hourly News Updates⏰

Campus Activewear jumps 23.28 % on debut, what should investors do now?

✅ Sports and athletic wear company Campus Activewear Limited made an impressive debut on the bourses on May 9, listing at a premium of 23.28 percent to its issue price of Rs 292 a share.
✅ The stock opened at Rs 360 on the National Stock Exchange (NSE), while on the BSE the opening price was Rs 355 even as the equity benchmarks traded in the red.
✅ Campus Activewear Limited is India's largest sports and athleisure footwear brand that enjoys competitive advantages like integrated manufacturing facilities, strong brand recognition, and a robust distribution network.

📰Read more: https://tinyurl.com/2u3heycu

📲Source: MoneyControl

⏰Hourly News Updates⏰

Tata Power falls 7% to hit two month low


✅ The stock touched a low of Rs 223 -- a level last seen on 8 March 2022. Since 6 April, Tata Power has declined 20% while Sensex and Nifty lost around 9% each.
✅ The management said Tata Power is in advanced discussions with Gujarat Urja Vikas Nigam and in talks with other states to implement supplementary power purchase agreements (PPAs) for full coal cost pass-through from January 1, 2022.
✅ Management expects solar engineering, procurement and construction (EPC) margin to improve as it looks at contract manufacturing in India and new project factors in revised pricing terms for solar modules.

📰Read more: https://tinyurl.com/mwxt9aek

📲Source: MoneyControl

NPS or PPF? Where should you invest in?
When it comes to investment avenues, there are too many to count. If you look out into the market to find avenues for saving your hard-earned money, you would be spoilt for choice. There is a range of market-linked and fixed-income savings avenues that help you save, and also plan your income tax returns. Two such avenues that are quite popular with investors include the National Pension Scheme (NPS) and the Public Provident Fund (PPF). Which among these, do you think, is the best?

To know which avenue is better, read this article🔗: https://finity.in/nps-or-ppf/

💡Thought for the day💰

⏰Hourly News Updates⏰

Asian Paints rises 3% ahead of results

✅ Brokerages expect consolidated profit after tax (PAT) for Mumbai based Asian Paints to increase 7-9 percent on year. On a sequential basis, PAT is seen skidding by 8.5-10.5 percent due to sudden and steep surge in raw material prices.
✅ Revenues for the quarter are expected to grow 10 to 18 percent on volume and value growth aided by price hikes effected by the company to partially offset the surge in raw material costs.
✅ The share touched a 52-week high of Rs 3,588.05 and 52-week low of Rs 2,521.60 on 10 January 2022 and 11 May 2021 respectively.

📰Read more: https://tinyurl.com/2s3zsbup

📲Source: MoneyControl

⏰Hourly News Updates⏰

Ramkrishna Forgings gains after bagging order from US trailer maker

✅ Ramkrishna Forgings has received a multi-year export order from a manufacturer of chassis systems and components primarily for trailers as well as for trucks and buses in the US, the company said in its release.
✅ Revenue was up 38 percent at Rs 718.72 crore. The board has recommended a final dividend of Rs 0.20 per share of Rs 2 each.
✅ Currently, it is trading 30.95 percent below its 52-week high and 51.13 percent above its 52-week low.

📰Read more: https://tinyurl.com/yck3eex3

📲Source: MoneyControl

💡 Thought for the day 💰

⏰Hourly News Updates⏰

Kansai Nerolac Paints share price hits 52-week low after Q4 earnings

✅ Kansai Nerolac Paints share price touched a 52-week low of Rs 403, falling 6.5 percent intraday on May 11 after the company came out with its March quarter earnings.
✅ Kansai Nerolac Paints on May 10 posted 80.1 percent decline in its Q4 net profit at Rs 24.73 crore as against Rs 124.28 crore a year back.
✅ Nomura has maintained the 'buy' rating on the stock with a target at Rs 750 per share as the earnings were below estimates, both on sales and margin.

📰Read more: https://tinyurl.com/5cc78sec

📲Source: MoneyControl

⏰Hourly News Updates⏰


Paradeep Phosphates sets IPO price band at Rs 39-42 a share

✅The IPO will open on May 17 for subscription and close on May 19. The anchor investor bids will open on May 13.
✅ The IPO consists of a fresh issue of Rs 1,004 crore while an offer-for-sale of up to 118.51 million shares by its existing shareholders and promoters.
✅For FY21, the firm reported a revenue of Rs 5164.73 crore as against Rs 4192.87 crore a year ago. Net profit for the period stood at Rs 223.27 crore versus Rs 193.22 crore last year.

📰Read more: https://tinyurl.com/yckymatc

📲Source: MoneyControl

🤝Joint Stock Company 🏢
A joint stock company is a form of organization where investors or shareholders with a common purpose pool their funds to form a company. This type of company is usually suitable for large scale operations where the capital requirement is huge and beyond the capacity of a single person. The share of every member or owner of the joint stock company is defined and usually displayed as a share.

Learn more about the Definition, Features, Advantages & Disadvantages of Joint Stock Company: https://finity.in/joint-stock-company/