Latest news with #KBCGlobal
Mint
18-06-2025
- Business
- Mint
Sensex, Nifty 50 fall for second consecutive session; investors lose ₹2 lakh crore in a day— 10 key highlights
Indian stock markets closed lower for the second straight session on Wednesday, June 18, as escalating tensions between Israel and Iran weighed on sentiment. Investor caution ahead of the US Federal Reserve's policy decision also contributed to the subdued mood. The Sensex ended 139 points, or 0.17 per cent, lower at 81,444.66, while the Nifty 50 settled at 24,812.05, down 41 points, or 0.17 per cent. The BSE Midcap and Smallcap indices fell 0.34 per cent each. The across-segment selling dragged the overall market capitalisation of BSE-listed firms to nearly ₹ 446 lakh crore from ₹ 448 lakh crore in the previous session, making investors poorer by about ₹ 2 lakh crore in a single day. The Indian stock market extended losses for the second consecutive session due to escalating tensions between Israel and Iran. Caution ahead of US Fed policy later today also kept sentiment sombre. "The domestic market failed to maintain the opening gains as the continuing tensions in the Middle East and volatility in oil prices dragged the overall sentiment. Investors will keep an eye on the US Fed policy later today; the prospect of higher inflation due to the tariff threat may lead the FOMC to keep the rates unchanged," said Vinod Nair, Head of Research, Geojit Investments Limited. Shares of IndusInd Bank (up 4.69 per cent), Titan Company (up 2.15 per cent) and Trent (up 1.80 per cent) ended as the top gainers. As many as 36 stocks ended lower in the Nifty 50 index, with TCS (down 1.72 per cent), Adani Ports (down 1.57 per cent) and Hindustan Unilever (down 1.44 per cent) ending as the top losers. Most sectoral indices ended lower today, with Nifty Media (down 1.27 per cent), IT (down 0.83 per cent) and Metal (down 0.72 per cent) losing significantly. On the other hand, Nifty Consumer Durables (up 0.79 per cent) ended as the top gainer among sectoral indices. Nifty Bank (up 0.21 per cent), Private Bank (up 0.39 per cent) and Auto (up 0.37 per cent) also ended higher. KBC Global (34.15 crore shares), Vodafone Idea (30.10 crore shares) and Vishal Mega Mart (14.85 crore shares) were the most active stocks in terms of volume on the NSE. Ugro Capital Limited-RE, Orient Cement and KBC Global were the three stocks that crashed more than 10 per cent on the NSE. As many as 75 stocks, including Reliance Infrastructure, Electronics Mart India, Aakash Exploration Services, GSM Foils and Sri Adhikari Brothers Television Network, hit their upper circuits in intraday trade on the NSE. On the other hand, 83 stocks, including Camlin Fine Sciences, HCC, Sterlite Technologies and Hindustan Motors hit their lower circuits in intraday trade on the NSE. The advance-decline ratio tilted towards the decliners. Out of 4,115 stocks traded on the BSE, 1,532 advanced and 2,448 declined. Some 135 stocks remained unchanged. According to Rupak De, Senior Technical Analyst at LKP Securities, on the upside, a decisive reclaim of 24,850 may trigger a rally towards 25,000 and higher, while a failure to move back above this level could drag Nifty down towards 24,500. Shrikant Chouhan, the head of equity research at Kotak Securities, believes that as long as the market is trading below 24,800/81,400, the weak sentiment is likely to continue. "On the downside, 24,725/81,250 would be the immediate support zones for traders. Below this, the market could slip to 24,500/80,600. On the flip side, above 24,900/81,850, the sentiment could change. If it moves above this level, it could rally up to 25,000-25,100/82,100-82,500," said Chouhan. Read all market-related news here Read more stories by Nishant Kumar
Mint
18-06-2025
- Business
- Mint
Sensex, Nifty 50 fall for second consecutive session; investors lose ₹2 lakh crore in a day— 10 key highlights
Indian stock markets closed lower for the second straight session on Wednesday, June 18, as escalating tensions between Israel and Iran weighed on sentiment. Investor caution ahead of the US Federal Reserve's policy decision also contributed to the subdued mood. The Sensex ended 139 points, or 0.17 per cent, lower at 81,444.66, while the Nifty 50 settled at 24,812.05, down 41 points, or 0.17 per cent. The BSE Midcap and Smallcap indices fell 0.34 per cent each. The across-segment selling dragged the overall market capitalisation of BSE-listed firms to nearly ₹ 446 lakh crore from ₹ 448 lakh crore in the previous session, making investors poorer by about ₹ 2 lakh crore in a single day. The Indian stock market extended losses for the second consecutive session due to escalating tensions between Israel and Iran. Caution ahead of US Fed policy later today also kept sentiment sombre. "The domestic market failed to maintain the opening gains as the continuing tensions in the Middle East and volatility in oil prices dragged the overall sentiment. Investors will keep an eye on the US Fed policy later today; the prospect of higher inflation due to the tariff threat may lead the FOMC to keep the rates unchanged," said Vinod Nair, Head of Research, Geojit Investments Limited. Shares of IndusInd Bank (up 4.69 per cent), Titan Company (up 2.15 per cent) and Trent (up 1.80 per cent) ended as the top gainers. As many as 36 stocks ended lower in the Nifty 50 index, with TCS (down 1.72 per cent), Adani Ports (down 1.57 per cent) and Hindustan Unilever (down 1.44 per cent) ending as the top losers. Most sectoral indices ended lower today, with Nifty Media (down 1.27 per cent), IT (down 0.83 per cent) and Metal (down 0.72 per cent) losing significantly. On the other hand, Nifty Consumer Durables (up 0.79 per cent) ended as the top gainer among sectoral indices. Nifty Bank (up 0.21 per cent), Private Bank (up 0.39 per cent) and Auto (up 0.37 per cent) also ended higher. KBC Global (34.15 crore shares), Vodafone Idea (30.10 crore shares) and Vishal Mega Mart (14.85 crore shares) were the most active stocks in terms of volume on the NSE. Ugro Capital Limited-RE, Orient Cement and KBC Global were the three stocks that crashed more than 10 per cent on the NSE. As many as 75 stocks, including Reliance Infrastructure, Electronics Mart India, Aakash Exploration Services, GSM Foils and Sri Adhikari Brothers Television Network, hit their upper circuits in intraday trade on the NSE. On the other hand, 83 stocks, including Camlin Fine Sciences, HCC, Sterlite Technologies and Hindustan Motors hit their lower circuits in intraday trade on the NSE. The advance-decline ratio tilted towards the decliners. Out of 4,115 stocks traded on the BSE, 1,532 advanced and 2,448 declined. Some 135 stocks remained unchanged. According to Rupak De, Senior Technical Analyst at LKP Securities, on the upside, a decisive reclaim of 24,850 may trigger a rally towards 25,000 and higher, while a failure to move back above this level could drag Nifty down towards 24,500. Shrikant Chouhan, the head of equity research at Kotak Securities, believes that as long as the market is trading below 24,800/81,400, the weak sentiment is likely to continue. "On the downside, 24,725/81,250 would be the immediate support zones for traders. Below this, the market could slip to 24,500/80,600. On the flip side, above 24,900/81,850, the sentiment could change. If it moves above this level, it could rally up to 25,000-25,100/82,100-82,500," said Chouhan. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Mint
15-06-2025
- Business
- Mint
Penny stock below ₹1 to be in focus on Monday; here's why
A penny stock below ₹ 1, KBC Global, is likely to be in focus on Monday, June 16, after the company announced the establishment of a wholly-owned subsidiary, Dharan Infra Solar Private Limited. This subsidiary will operate in the solar power and renewable energy sector, strengthening the company's presence in this segment. The Nashik-based infrastructure and EPC (engineering, procurement, and construction)services firm announced on June 14 that it has incorporated a new wholly owned subsidiary, Dharan Infra Solar Private Limited, as part of its expansion into the renewable energy sector. "The board of directors approved the move at its meeting held on June 13, 2025. The new company will focus on solar and hybrid energy solutions, aligning with the company's commitment to sustainability and green technology," KBC Global said. The company further explained that Dharan Infra Solar Private Limited will engage in a wide spectrum of activities, including the manufacturing, design, development, and improvement of renewable energy modules, cells, and accessories. This includes conducting research, trading, buying, selling, wholesaling, retailing, distributing, importing, exporting, assembling, fabricating, repairing, maintaining, altering, and operating solar power projects and hybrid systems that combine solar photovoltaic technology with other forms of renewable energy —aiming to provide end-to-end solutions for solar power projects. The company is rebranding from KBC Global Ltd to Dharan Infra-EPC Limited as part of a strategic shift to focus on infrastructure and EPC projects and reposition its brand in the market. In February 2024, the board of directors approved the issuance of 1:1 bonus shares to shareholders with an order book size of ₹ 260 crore. The penny stock has jumped nearly 22 per cent in June so far and looks set to snap its seven-month losing streak. Over the last year, the stock has plunged 50 per cent, hitting a 52-week high of ₹ 1.28 on November 7 last year and a 52-week low of ₹ 0.34 on May 13 this year. Read all market-related news here
Hans India
15-06-2025
- Business
- Hans India
Below ₹1, KBC Global bets big on solar energy; To be in focus on Monday
KBC Global, a penny stock trading below ₹1, is expected to attract attention on Monday, June 16, after announcing a strategic expansion into renewable energy. The company revealed the incorporation of a new wholly owned subsidiary, Dharan Infra Solar Private Limited, which will focus on solar and hybrid power solutions. This marks a major shift in KBC Global's growth trajectory as it aims to strengthen its presence in sustainable infrastructure. The Nashik-based infrastructure and EPC (engineering, procurement, and construction) firm shared on June 14 that its board had approved the formation of the subsidiary in a meeting held on June 13. The new arm will engage in the manufacturing, design, research, development, and trading of solar modules and hybrid renewable systems. Beyond just solar panels, Dharan Infra Solar plans to deliver end-to-end renewable solutions, covering import-export operations, assembly, maintenance, and operation of clean energy projects. In a broader strategic revamp, KBC Global is rebranding itself as Dharan Infra-EPC Limited to reflect its focus on infrastructure and EPC verticals. This follows an earlier announcement from February 2024, where the board approved a 1:1 bonus share issuance, adding momentum to the company's transformation. KBC Global's current order book stands at ₹260 crore. So far in June, KBC Global's stock has rallied nearly 22%, breaking a seven-month losing streak. Despite a 50% plunge over the past year, the stock hit a 52-week high of ₹1.28 in November 2024 and a low of ₹0.34 in May 2025. The launch of Dharan Infra Solar may mark a turning point in KBC Global's market positioning, aligning the company with India's growing renewable energy ambitions. Disclaimer: This article is for educational purposes only and is not investment advice. Readers should consult certified financial experts before acting on market news.
Mint
15-06-2025
- Business
- Mint
Penny stock below ₹1 to be in focus on Monday; here's why
A penny stock below ₹ 1, KBC Global, is likely to be in focus on Monday, June 16, after the company announced the establishment of a wholly-owned subsidiary, Dharan Infra Solar Private Limited. This subsidiary will operate in the solar power and renewable energy sector, strengthening the company's presence in this segment. The Nashik-based infrastructure and EPC (engineering, procurement, and construction)services firm announced on June 14 that it has incorporated a new wholly owned subsidiary, Dharan Infra Solar Private Limited, as part of its expansion into the renewable energy sector. "The board of directors approved the move at its meeting held on June 13, 2025. The new company will focus on solar and hybrid energy solutions, aligning with the company's commitment to sustainability and green technology," KBC Global said. The company further explained that Dharan Infra Solar Private Limited will engage in a wide spectrum of activities, including the manufacturing, design, development, and improvement of renewable energy modules, cells, and accessories. This includes conducting research, trading, buying, selling, wholesaling, retailing, distributing, importing, exporting, assembling, fabricating, repairing, maintaining, altering, and operating solar power projects and hybrid systems that combine solar photovoltaic technology with other forms of renewable energy —aiming to provide end-to-end solutions for solar power projects. The company is rebranding from KBC Global Ltd to Dharan Infra-EPC Limited as part of a strategic shift to focus on infrastructure and EPC projects and reposition its brand in the market. In February 2024, the board of directors approved the issuance of 1:1 bonus shares to shareholders with an order book size of ₹ 260 crore. The penny stock has jumped nearly 22 per cent in June so far and looks set to snap its seven-month losing streak. Over the last year, the stock has plunged 50 per cent, hitting a 52-week high of ₹ 1.28 on November 7 last year and a 52-week low of ₹ 0.34 on May 13 this year. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
