News for Dredging Corporation of India Limited (DREDGECORP.BO)

A now deleted social media post by cricketer Virender Sehwag has once again raised a question about the performance of PSU stocks

With a fall of 85%, Sanmit Infra emerged as the top loser on the list; the scrip fell to Rs 14.08 on August 29 from its 52-week high of Rs 90.92

Dredging Corporation of India hit an over 16-year high of Rs 1,130.55 as they were locked in the 10 per cent upper circuit on Wednesday

Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.

The ace investor bought 1.80% stake in Dredging Corporation of India while shopping for 5.53% in Oriental Rail Infrastructure in the January-March quarter. Both stocks have delivered multibagger returns of 154% and 555%, respectively, in the last 12 months.

Dredging Corporation of India Limited signed an agreement with IIT-Chennai and IMU to launch a joint MTech programme on Dredging Engineering. The agreement was signed between its MD and CEO S Divakar, and representatives of IIT-Chennai and IMU-Chennai in the presence of Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal.

As many as 10 PSUs reported over 100% growth in net profit in Q3FY24 and 18 companies reported a profit growth of somewhere between 50% and 100%.

India Business News: The Dredging Corporation of India Limited (DCIL) a leader in the Dredging Industry, posted a profit of Rs. 27.22 crore for Quarter Three (Q3) of 2023-

Sensex & Nifty 50 rose 1.9% & 2% respectively. BSE PSU gained 5.5%, BSE Realty 4.9%, BSE Capital Goods 4.8% & BSE Power 4.7%. IRFC, MMTC & Cochin Shipyard were top gainers. IRFC rose 38% due to US-India infrastructure deal & railway projects. MMTC up 49% due to India's plan to mine rare minerals. Cochin Shipyard up 33% due to strong order inflows. Sentiment driving stocks, not fundamentals.

General information about company Scrip code ...

BSE Sensex inched 3.94 points, or 0.01 per cent, up to settle at 65,220.03, while NSE's Nifty added only 2.85 points, or 0.01 per cent, to end the day at 19,396.45 for the day.

Dredging Corporation of India Ltd (DCI) is targeting a 12 per cent growth to hit the turnover of more than Rs 1,300 crore in the ongoing financial year, MD & CEO S Divakar said.

To achieve the goal, the company is looking to participate in new dredging tenders and also planning to enter new markets, Divakar told PTI.

Business Standard | Stocks to watch today on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.

Stocks to Watch: Check out the companies making headlines before the opening bell.

For the week, both BSE Sensex and Nifty50 indices slipped 0.2 percent each.

Buzzing stocks: BSE, Happiest Minds, HeidelbergCement, Piramal Enterprises, BoB, Om Infra, Shilpa Medicare, PTC Industries, Maharashtra Seamless, Mrs Bectors Food, Orchid Pharma, KNR Constructions, Jagsonpal Pharma

BSE Sensex and NSE Nifty 50 were trading flat with a positive bias on Wednesday, a day before weekly F&O expiry.

Trends in SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 121 points