Latest news with #BSEAnalytics
India.com
02-07-2025
- Business
- India.com
This company shares in focus as as it considers conversion of foreign currency convertible bonds
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Kellton Tech Solutions, an information technology consulting company, has announced that its security issuance committee, part of the board of directors, will meet on July 4, 2025, to consider and approve the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares. In May, the company approved the allotment of FCCBs valued at USD 10 million to eligible investors, totaling USD 10,000,000. As per the information shared with exchanges, the bonds carry a coupon rate of 6.5 per cent per annum with a tenure of 10 years, maturing in 2035. The initial conversion price was set at Rs 106 per equity share, it added. What Are Foreign Currency Convertible Bonds? Foreign Currency Convertible Bonds or FCCBs are debt instruments issued by a company. They are generally issued in a foreign currency and can be converted into equity shares of the company at the holder's discretion. This not only offers companies an opportunity to raise capital internationally but also provides investors with the potential for significant equity upside, a promising aspect of Kellton Tech's financial strategy. How FCCBs Work? When a company issues FCCBs, it receives funds in a foreign currency and pays a regular interest (also known as coupon rates) to the bondholders until maturity of conversion. For investors, they act as a regular income during the tenure they hold the bonds. Also, they can benefit from potential gains if the stock of the company rises above the conversion price. 1:5 Stock Split Earlier, the board of directors of the company approved a 1:5 stock split, a move that can be seen as a positive step towards enhancing the liquidity and affordability of the company's shares. This means that each equity share, previously having a face value of Rs 5, will now be split into five equity shares, each having a face value of Re 1. Share Price History The stock's 52-week high is Rs 184.30, and its 52-week low is Rs 95.05. The company's market cap, a key indicator of its financial standing, is currently at Rs 1,338.38, providing a comprehensive view of Kellton Tech's market value. According to BSE Analytics, the counter has given a multibagger return of 121 per cent in two years. While it has given a positive return of 30.85 per cent in one year, the counter has corrected 13.44 per cent so far this year.
India.com
01-07-2025
- Business
- India.com
IT Stock hits upper circuit after Rs 780000000 project win in South America
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा In today's trading session, the shares of Blue Cloud Softech Solutions Limited are in the focus of investors. as the company has informed exchanges that it has received a project worth Rs 78 crore. After this news, the company's stock witnessed a significant rise. On Tuesday, the company's stock touched the upper circuit and reached Rs 32.78 per share. On Monday, the stock closed at Rs 32.14 per share. Blue Cloud Softech Solutions Limited has received a big project worth Rs 78 crores. This project is related to Coastal Surveillance. In this, the company's technology will be used for monitoring and security of the seashore. With the receipt of this project, the company has now become even stronger in the global security and surveillance market. Now the company will be known for its technology projects abroad as well. Blue Cloud is already ahead in technology and software work. Now, through this new project, the company is also entering the field of defence and security technology. This can help in getting even bigger government or international projects in the future. According to BSE Analytics, the company's shares have risen by more than 47 per cent in the last one month. At the same time, the stock has given a negative return of 33.14 per cent in the last 6 months. The stock has declined by 70 per cent in one year. However, the stock has given a multibagger return of 486 per cent in five years. The market cap of the company is Rs 1,430.13 crore. Meanwhile, equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks — Reliance Industries and HDFC Bank — also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25.
India.com
18-06-2025
- Business
- India.com
THIS company's shares gain despite tensions in the Middle East
इंवेस्टमेंट से पहले रिस्क को जांच लें New Delhi: A day after plunging around 7 per cent, Shares of pharma company Sigachi Industries Ltd., India's largest producer of Microcrystalline Cellulose (MCC), rebounded on Wednesday, June 18, 2025, even as the market remained volatile as investors turned cautious amid tensions in the Middle East. The counter opened in the red with a slight loss at Rs 54.75 against the previous close of Rs 54.82 on the BSE. The stock gained to touch the intraday high of Rs 56.15. On the NSE, the stock started trading at Rs 54.68 and touched a high of Rs 56.22. The stock of Sigachi Industries had tanked 6.88 per cent in the last trading session. The stock has a 52-week high of Rs 69.75, indicating the highest price the stock has reached in the past year, and a 52-week low of Rs 34.51, which is the lowest price the stock has reached in the same period. The market cap of the company is Rs 1,797.28 crore. Share Price History According to the BSE Analytics, the company has given a multibagger return of Rs 115 per cent in two years. However, it has corrected around 15 per cent in one year. Sigachi Industries new R&D center Sigachi Industries has informed exchanges that it has inaugurated its state-of-the-art Research and Development (R&D) Centre in Hyderabad. This new facility is equipped with the latest technology and is expected to play a crucial role in the company's future product development and innovation strategies. With the inauguration of its advanced Research and Development (R&D) Centre in Hyderabad, Sigachi Industries has taken a significant step towards accelerating product development and fostering long-term growth in regulated markets. This milestone, as stated in an exchange filing, underscores Sigachi's commitment to innovation and expansion. Meanwhile, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,482.77 crore on Tuesday, according to exchange data. This significant investment from FIIs could indicate growing confidence in Sigachi Industries. Domestic Institutional Investors (DIIs) also bought equities worth Rs 8,207.19 crore in the previous trade, further boosting the company's stock performance. While the US markets closed lower on Tuesday, there are signs of optimism in the Asian markets. South Korea's Kospi and Japan's Nikkei 225 index are trading in the positive territory, offering a glimmer of hope. However, Shanghai's SSE Composite index and Hong Kong's Hang Seng are quoting lower, indicating a mixed market sentiment. US markets ended lower on Tuesday. Global oil benchmark Brent crude climbed 0.44 per cent to USD 76.79 a barrel.
India.com
04-06-2025
- Business
- India.com
Shares of this BSE-listed company hits fresh 52-week high today
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Shares of BSE-listed Elitecon International surged 5 percent in Wednesday's trading session to hit an upper circuit of Rs 518.05. The upper circuit is a regulatory mechanism that restricts the upward movement of a stock's price, preventing it from being traded at a price higher than the circuit limit. The counter opened gap up at Rs 516.85 with a gain of 4.75 percent from the previous close of Rs 493.40. The momentum continued amid buying, and the stock hit an upper circuit of Rs 518.05 – also the fresh 52-week high. The 52-week low of the stock is Rs 11.02. The market cap of the company is Rs 8,281.03 crore. The scrip is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages The stock has been gaining for the last seven days, indicating a strong bullish trend in the market. It has surged 42.48 per cent in this period, which is a significant increase in a short span of time. Q4 Results Elitecon International's stock has been on a positive trajectory ever since the company announced its robust Q4 results. This strong performance may reassure investors about the company's financial health and future prospects. The company reported a 94 per cent YoY increase in net profit to Rs 12.21 crore. The net profit of the company in the same quarter a year ago was Rs 6.30 crore. Share Price History According to BSE Analytics, the scrip has given a solid return of 627 per cent in six months and nearly 400 per cent on a YTD (year-to-date) basis. The company's sales saw a remarkable growth of 170 per cent, reaching Rs 120.41 crore in the quarter under review. This significant increase, compared to Rs 44.49 crore in the March 2024 quarter, may inspire optimism about the company's future performance. Stock Market Today Meanwhile, benchmark stock indices rebounded in early trade after three days of decline tracking a rally in global markets. The 30-share BSE Sensex climbed 230.17 points to 80,967.68 in early trade. The NSE Nifty went up by 70. 25 points to 24,612.75. From the Sensex firms, Bharti Airtel, Eternal, IndusInd Bank, Maruti, Tata Motors and Bajaj Finance were the major gainers. However, Tata Consultancy Services, UltraTech Cement, Titan and ICICI Bank were among the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading significantly higher. With PTI inputs
India.com
23-04-2025
- Business
- India.com
FMCG stock GRM Overseas gains after update on credit rating
Shares of FMCG company GRM Overseas are in focus as the company has shared an update related to the credit rating on its bank facilities. The counter started today's session in the green at Rs 323.90 on the BSE. The scrip had closed at Rs 323.20 in the previous session. The counter touched the intraday high of Rs 325.80. Before that, it hit a low of Rs 313.85. Last seen, the counter was trading at Rs 325. According to BSE Analytics, the shares of GRM Overseas has given a multibagger return of over 122 per cent in one year and 88 per cent in two years. While it has corrected 40 per cent in three years, the stock has made investors richer by 3,021 per cent in 5 years. GRM Overseas, which is listed on both National Stock Exchange and BSE, has informed exchanges that Acuite Ratings & Research Limited has reaffirmed the long-term rating of 'Acuite A-' (Acuite A minus) and short-term rating of 'Acuite A2+' (Acuite A two plus) on its Rs 312 crore bank facilities and said that the outlook is 'stable'. Stating the rationale of rating reaffirmation, Acuité Ratings & Research Limited said that it takes into account 'the healthy financial risk profile of the group, its strong liquidity position and improvement in revenues in 9MFY2025 post recording a decline in FY2024 as compared to FY2023, albeit moderation in profitability margins. Further, the rating continues to draw comfort from the extensive experience of the management and established brand presence in the agri-food industry.' It also said that rating remains constrained on account of working capital-intensive nature of operations, exposure to agro-climatic conditions, inventory risks, economic conditions in export markets, foreign exchange fluctuations and government regulations. 'The group's ability to sustain growth in revenue and improve its profitability margins while maintaining its capital structure and healthy debt coverage indicators will remain a key rating monitorable,' the filing said.
