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By EquityPandit

MARKETS

Mishra Dhatu Nigam Shares Hit 52-Week High After ISRO’s Aditya-L1 Launched Successfully

The materials supplied were used in the launcher vehicle’s parts.

Shares of Mishra Dhatu Nigam hit a 52-week high of Rs 435.85 on 4 September after the company had announced that it had supplied specialised materials for ISRO’s recently launched Aditya-L1.

The company, in an exchange filing, said, “Mishra Dhatu Nigam’s critical materials have been used in the Aditya-L1 launcher vehicle PSLV-C57. It was built with the company manufactured critical materials like Ti-6Al-4V titanium alloy, C-103 niobium alloy, superco 605 cobalt alloy, ultra high strength steel,”

The company added that the materials supplied were used in the launcher vehicle’s parts, such as tank and gas bottles, thrust chambers and straps on the motor case and base rings.

The company is a state-owned company under the Ministry of Defence and engages in the business of manufacturing high-performance superalloys, titanium alloys, and high-strength steel.

During the April-June quarter, the company recorded a 63.47% YoY increase in its revenue from operations at Rs 188 crore, with a 5.5% YoY increase in its net profit at Rs 19 crore.

At 3:30 p.m., The shares of Mishra Dhatu Nigam closed at Rs 425 or 3.34% above its previous close on NSE.

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MARKETS

RailTel Corp Shares Trade 2% Higher on Securing Rs 90 Crore Order

Ali Waghbakriwala

Shares RailTel Corporation of India Ltd rose in early trading on 28 April after the company announced receiving a work order of Rs 90,08,49,783 from The Institute of Road Transport.

The contract, which expires on 18 October 2026, covers the design, development, supply, implementation, operations, and maintenance of an enterprise resource planning system (ERP) for MTC Chennai, TNSTC-Coimbatore, and TNSTCMadurai.

UTI Infrastructure Technology & Services issued a work order to the company on 17 April for Managed Cloud services for three years for Rs 19,84,36,100.

In March, the business received an order for Rs 25.15 crore from Hindustan Petroleum Corporation. A five-year contract is required to renew current MPLS and ILL connectivity, and additional connections may be suggested over time, subject to practicality.

On 12 July 2024 and 3 March 2025, the share reached a 52-week high of Rs 618.00 and a 52-week low of Rs 265.30.

At 12:04 pm, the shares of RailTel Corporation were trading 1.645 higher at Rs 306.95 on NSE.  

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MARKETS

Ramkrishna Forgings Shares Crash 10% on Missing Inventory 

Ali Waghbakriwala

Shares of Ramkrishna Forgings Ltd plunged up to 10% on Monday, 28 April, after the business identified inventory inconsistencies.

The corporation has also approved the recruitment of a reputable independent external agency to perform joint fact-finding research into the inventory anomalies and the causes behind them.

These discrepancies were uncovered during the company’s annual physical inventory audit for the fiscal year that ended 31 March. The verification exercise began on 6 April.

In its regulatory filing, the company said, “While the physical verification process is continuing as per the internal estimates of the company, a likely adverse impact of the order of 4% to 5% of the net worth of the company is indicated.”

On a one-time basis, the firm will account for the impact in its financial statements based on the final joint report by independent external agencies, according to the statement.

Ramkrishna Forgings has also stated in its exchange filing that the possible unfavourable impact may increase following the fact-finding study on the company’s net worth. The management emphasized that this was the first event of its kind in the company’s history and restated the promoters’ commitment to protecting and preserving stakeholder interests.

Promoters of the company have also assured investors that they intend to fund any potential adverse impact through permissible instruments after the conclusion of the fact-finding study.

At 11:52 am, the shares of Ramkrishna Forgings were trading 3.535 lower at Rs 633.50 on NSE.

Curious About Ramkrishna Forgings Ltd? Ask the Analyst.

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MARKETS

Stocks Under F&O Ban: 

Ali Waghbakriwala

Under the futures and options (F&O) segment, no stocks were banned from trade on Monday, 28 April, by the National Stock Exchange (NSE). 

Derivative contracts of these stocks were banned as the open market interest for these securities has crossed 95% of the market-wide position limit (MWPL) set by the exchanges. The MWPL is the maximum number of contracts that can be opened at any particular time.

The ban will be lifted once the position falls below 80%. Traders will get penalised for buying or selling these securities. They will be available for trading in the cash market. 

The National Stock Exchange updates the list of securities on the F&O ban list daily. This list serves as a guide for traders and investors in the market. Traders who trade in indices do not encounter a situation of security ban.

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MARKETS

Stocks in Focus: Mahindra and Mahindra, Hindustan Unilever, Reliance Industries, and Others

Ali Waghbakriwala

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.56% higher by 128 points at 24,267, indicating that the domestic benchmark indices are likely to make a positive start on Monday.

On Friday, 25 April, Domestic benchmark indices S&P BSE Sensex slumped by 588.90 points or 0.74% and settled at 79,212.53 while the Nifty50 traded 0.86% lower by 207.35 points, settling at 24,039.35.

Here are some stocks that are likely to remain in focus on 28 April.

Quarterly Results Today: UltraTech Cement, Aditya Birla Sun Life AMC, CSB Bank, Hexaware, IDBI Bank, Adani Green Energy, Adani Total Gas, IRFC, Oberoi Realty, PNB Housing Finance, Central Bank of India, Fino Payments Bank, TVS Motor Company, Castrol India, Firstsource Solutions, Go Digit General Insurance, Indegene, KFin Technologies, KPIT Technologies, Greenply Industries, IIFL Capital Services, UCO Bank, and Nippon Life India Asset Management are some of the prominent companies set to announce their quarterly earnings for January-March. 

Mahindra and Mahindra: The company has announced its plans to acquire a 58.96% stake in SML Isuzu for a total consideration of Rs 555 crore, aiming at strengthening its position in the commercial vehicle segment. 

Hindustan Unilever: HUL is gearing up to revitalise its Rs 15,294-crore foods division, its second-largest business segment. The company is now prioritising sales growth over margin expansion. Additionally, HUL is advancing plans to list its Rs 1,800-crore ice cream business, with the listing anticipated to be completed by FY26.

Reliance Industries: In its quarterly earnings for January-March, the company reported a 9% year-on-year (YoY) increase in net profit to Rs 2.61 lakh crore for the quarter under review. 

IREDA: The Indian Renewable Energy Development Agency (IREDA) has launched an internal review concerning its exposure to Gensol Engineering, following a complaint filed with the Economic Offences Wing (EoW) over the submission of falsified documents. While Gensol’s account has been marked as “under stress,” it has not yet been categorised as a non-performing asset (NPA).

IRFC: Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder for a Rs 5,000 crore term loan intended for National Thermal Power Corporation (NTPC). The funds will support NTPC’s ongoing and upcoming capacity expansion projects, including those in the renewable energy sector. The finalisation of the loan is subject to approval by NTPC’s Board.

Force Motors: The company reported a stellar 210% YoY increase in net profit for the quarter ended 31 March to Rs 434.7 crore, while its revenue during the same period grew by 17.1% to Rs 2,356 crore. 

RailTel Corp: The company announced that it would secure a work order worth Rs 90.08 crore for the design, development, supply, implementation, operations, and maintenance of the Enterprise Resource Planning system from the Institute of Road Transport.

Zydus Lifesciences: The company has received 6 observations from the US Food and Drugs Administration (USFDA) for its API unit in Dabhasa, Gujarat,t after they conducted an inspection between 21 April and 25 April. 

GAIL India: The company has announced that it is inking a Memorandum of Understanding (MoU) with the Container Corporation of India to explore the adaptation of liquefied natural gas along with other fuels in the logistics sector. 

NRB Bearings: The company has announced its plans to invest Rs 200 crore in expanding and upgrading its manufacturing capabilities and research and development over a period of two years. The Capex will focus on enhancing its capabilities for needle roller bearings, cylindrical roller bearings, taper roller bearings, and thrust and combination bearings.

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MARKETS

Maruti Suzuki Shares Slip 2% on Weak Q4 Earnings 

Ali Waghbakriwala

Shares of Maruti Suzuki Ltd were trading in the red and 2% lower on Friday, 25 April, after the company announced its quarterly earnings for January-March. 

The automobile company reported a 4.3% year-on-year (YoY) decline in net profit to Rs 3,711 crore for the quarter under review compared to Rs 3,879 crore reported in the same quarter of the previous fiscal year. 

However, Maruti Suzuki’s operating revenue increased by 6.4% to Rs 40,674 crore in the March quarter, up from Rs 38,235 crore the previous year.

On the operating front, the earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 9% year on year to Rs 4,264 crore from Rs 4,685 crore the year before. The EBITDA margin contracted by 150 basis points to 10.5% in Q4 FY25 from 12.3% in Q4 FY24.

The largest four-wheeler manufacturer in India has also announced a final dividend of Rs 135 per share for the fiscal year 2024–2025.

During the fiscal year, the manufacturer also achieved its biggest yearly total sales and exports to date.  “The company continued to be the top exporter for the 4th consecutive year, now contributing nearly 43% of total passenger vehicle exports from India,” it said in an exchange filing. The company sold 604,635 units in Q4, the most in any quarter.

The company’s domestic sales increased by 2.8%, while exports increased by 8.1%, for an overall gain of 3.5%.  Meanwhile, the automaker’s domestic sales were 519,546 units, with 85,089 units exported.

Maruti Suzuki reported that domestic market growth was fairly subdued in FY25.  “For the Company, a modest domestic sales growth of 2.7% was compensated by a healthy 17.5% export growth leading to an aggregate growth of 4.6% for the year,” it added.

At 3:30 pm, the shares of Maruti Suzuki closed 2.05% lower at Rs 11,650 on NSE.

Wondering About Maruti Suzuki Ltd? The Analyst Has Answers.

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