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Financial  News

20-May-2026
Mankind Pharma Shares Rise 3% After Board Clears Rs 500 Crore Investment Plan

Mankind Pharma shares surged over 3% during Tuesday’s trading session after the company approved an additional investment of up to Rs 500 crore in its wholly-owned subsidiary, Mankind Medicare.

The stock was trading at Rs 2569.20, gaining 75.10 points or 3.01% compared to its previous close of Rs 2494.10 on the BSE. The counter opened at Rs 2499.30 and touched an intraday high of Rs 2579.00, while the day’s low stood at Rs 2499.25. Around 84,377 shares changed hands on the exchange.

Over the past 52 weeks, the stock has recorded a high of Rs 2726.75 on July 15, 2025, and a low of Rs 1909.90 on March 23, 2026. In the last one week, the stock moved between Rs 2105.70 and Rs 2579.00. The company’s current market capitalization stands at nearly Rs 1.05 lakh crore.

Shareholding data shows promoters holding a 72.66% stake in the company, while institutional investors own 24.66% and non-institutional investors hold 2.68%.

The company stated that the fresh investment in Mankind Medicare will be made in one or multiple tranches. The capital infusion will mainly support capacity expansion and the setup of a new manufacturing plant. The proposal was approved during the Board meeting held on May 19, 2026.

Mankind Medicare is expected to utilize the funds to strengthen operational capabilities as the group continues expanding its pharmaceutical and healthcare business.

Mankind Pharma operates across multiple acute and chronic therapeutic segments and also has a strong presence in the consumer healthcare market.

20-May-2026
Healthcare Global Shares Gain After Launch of Advanced Cancer Hospital in Bengaluru

Healthcare Global Enterprises shares were trading higher on the BSE, rising 0.65% to Rs. 650.90, compared to the previous close of Rs. 646.70. The stock opened at Rs. 648.95 and touched an intraday high of Rs. 654.90 and a low of Rs. 632.55. Around 3,057 shares changed hands on the counter during the session.

The company’s stock, with a face value of Rs. 10, has recorded a 52-week high of Rs. 799.47 on October 29, 2025, and a 52-week low of Rs. 511.91 on June 20, 2025. Over the past week, the stock moved between Rs. 538.20 and Rs. 661.95. The company’s current market capitalization stands at approximately Rs. 9,701.66 crore.

Shareholding data showed promoter stake at 64.21%, while institutional investors and non-institutional investors held 21.66% and 14.13%, respectively.

The positive movement in the stock comes after the company inaugurated a new comprehensive cancer hospital in Hebbal, Bengaluru, with a capacity of up to 132 beds. The newly launched facility aims to improve access to advanced oncology treatment across North Bengaluru and nearby regions.

A key highlight of the hospital is the installation of Karnataka’s first Elekta Unity MR-Linac system, an advanced radiation therapy technology that integrates MRI imaging with a linear accelerator for highly accurate and adaptive cancer treatment. The hospital has been designed as a full-service oncology centre offering diagnosis, treatment, recovery assistance, and patient-focused care under one roof.

Healthcare Global Enterprises, widely known as HCG, is one of India’s leading specialty healthcare providers focused on cancer care and fertility treatment. The company operates an extensive network of private cancer care centres across the country and also manages fertility clinics under the Milann brand.

20-May-2026
Godawari Power & Ispat Gains Over 4% After Commissioning Solar Power Plant

Godawari Power and Ispat shares surged over 4% during Tuesday’s trading session after the company commissioned a 25 MWp captive solar power plant in Chhattisgarh.

The stock was trading at RS 302.35 on the BSE, higher by 11.95 points or 4.12% compared to its previous close of RS 290.40. The counter opened at RS 300.95 and moved between an intraday high of RS 307.05 and a low of RS 291.85. Around 4.58 lakh shares changed hands during the session.

The company’s stock, carrying a face value of RS 1, had touched a 52-week high of RS 313.00 on April 28, 2026, while its 52-week low stood at RS 175.20 on June 23, 2025. Over the past week, the stock traded in the range of RS 272.65 to RS 313.00. The company’s market capitalization currently stands at nearly RS 20,413.87 crore.

Shareholding data shows promoters holding a 63.34% stake in the company, while institutional investors own 8.58% and non-institutional investors hold 28.08%.

Godawari Power and Ispat announced that it has successfully commissioned and synchronized its 25 MWp captive solar power project located at Chawardhal in Rajnandgaon district of Chhattisgarh on May 19, 2026.

According to the company, the electricity generated from the solar plant will be utilized at the Ari Dongri and Boria Tibu iron ore mines for mining operations. The move is expected to reduce dependence on costly power purchased from the state discom while supporting the company’s green energy initiatives and lowering its carbon emissions.

Godawari Power and Ispat operates in the manufacturing of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks, and is also engaged in the power business.

20-May-2026
INDO SMC Shares Edge Higher After Securing RS 9 Crore Supply Order

INDO SMC shares were trading at RS 225.00 on the BSE, gaining 0.38% or 0.85 points compared to the previous close of RS 224.15. The stock opened at RS 219.00 during the session and moved between an intraday high of RS 235.00 and a low of RS 212.95. Around 1.79 lakh shares changed hands on the counter.

The company’s stock, carrying a face value of RS 10, had touched its 52-week high of RS 262.00 on May 11, 2026, while the 52-week low stood at RS 134.00 recorded on January 29, 2026. Over the past week, the stock has traded in the range of RS 172.75 to RS 262.00. The firm’s present market capitalization is estimated at RS 519.04 crore.

Shareholding data shows promoters holding a 60.25% stake in the company, while institutional investors own 7.39% and non-institutional investors account for 32.36%.

The company has announced that it secured a purchase order valued at nearly RS 900 lakh for supplying bus bar distribution panel boxes to a leading Indian engineering and manufacturing enterprise known for producing elevators, escalators, and pumping systems. According to the terms of the order, execution is expected to be completed within one month.

Bus bar distribution panel boxes are advanced electrical systems designed to channel electricity from a primary power source to multiple circuits efficiently. These systems utilize copper or aluminum bus bars instead of conventional wiring, helping reduce power loss, simplify electrical layouts, and support heavy electrical loads in industrial environments.

INDO SMC operates in the electrical and infrastructure sector and is involved in designing and manufacturing a broad portfolio of products for industrial, electrical, and infrastructure-related applications.

20-May-2026
Dev Accelerator Shares Rise After Board Approves Rs 100 Crore NCD Issue

Dev Accelerator shares were trading higher on the BSE after the company received board approval to raise up to Rs 100 crore through Non-Convertible Debentures (NCDs).

The stock was trading at Rs 40.93, registering a gain of 1.82% or 0.73 points compared to its previous closing of Rs 40.20. During the trading session, the counter opened at Rs 41.34 and moved between an intraday high of Rs 41.35 and a low of Rs 40.53. Around 178 shares had changed hands on the exchange.

The company’s stock, carrying a face value of Rs 2, had touched a 52-week high of Rs 64.36 on September 17, 2025, while its 52-week low stood at Rs 30.01 on March 30, 2026. Over the past week, the scrip recorded a high of Rs 43.40 and a low of Rs 38.50. The firm’s current market capitalization stands at nearly Rs 369.14 crore.

Shareholding data showed promoters holding a 36.81% stake in the company, while institutional investors owned 6.37% and non-institutional investors accounted for 56.82%.

In a board meeting held on May 19, 2026, the company approved the issuance of up to 100,000 senior secured, rated, listed, redeemable and taxable NCDs with a face value of Rs 10,000 each. The debentures will be issued in one or more tranches through private placement and are proposed to be listed on the BSE.

Dev Accelerator, along with its subsidiaries and associate firms, operates in the workspace solutions segment, offering rental workspaces, facility management services, and enterprise workspace design and construction solutions.

19-May-2026
KPI Green Energy Shares Rise Over 4% After Battery Storage Project Agreement

KPI Green Energy shares surged in trade on the BSE, gaining 4.14% to trade at RS 438.10 after the company announced a major Battery Energy Storage System (BESS) agreement through its subsidiary.

The stock opened at RS 423.25 and touched an intraday high of RS 440.65, while the day’s low stood at RS 421.85. Around 29,173 shares changed hands during the trading session.

The company’s stock has recorded a 52-week high of RS 562.60 on July 16, 2025, and a 52-week low of RS 335.80 on March 9, 2026. Over the past week, the stock moved between RS 406.30 and RS 507.15. The company’s current market valuation stands at nearly RS 8,658.34 crore.

Promoters currently hold a 49.49% stake in the company, while institutional investors own 8.87% and non-institutional investors account for 41.65%.

The rally in the stock came after KPI Green Energy’s subsidiary, Sun Drops Energia, signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL). The agreement covers the development of a standalone battery storage project with a total capacity of 120 MW / 240 MWh.

Following this latest agreement, the group’s total executed standalone BESS portfolio has increased to 565 MW / 1,130 MWh, strengthening its position in the utility-scale energy storage segment.

The project will be developed near the 220kV Gariyadhar AIS Substation and 220kV Otha AIS Substation in Gujarat. Under the long-term agreement, Sun Drops Energia will develop, own, and operate the storage facilities while supplying contracted battery storage capacity to GUVNL.

The agreement was finalized under GUVNL’s tariff-based competitive bidding process conducted under Phase-VIII, supported through Viability Gap Funding (VGF) from the Power System Development Fund (PSDF).

Formerly known as K.P.I. Global Infrastructure, KPI Green Energy operates in the solar power sector and provides renewable energy solutions as both an Independent Power Producer (IPP) and a service provider for Captive Power Producer (CPP) clients under its ‘Solarism’ brand.

19-May-2026
Indian Oil Shares Rise Over 2% After Board Clears Sustainable Aviation Fuel JV

Indian Oil Corporation shares gained momentum during trading session and were quoted at RS 134.55, registering an increase of 2.05% or RS 2.70 compared to the previous close of RS 131.85 on the BSE.

The stock opened at RS 133.85 and moved between an intraday high of RS 135.65 and a low of RS 133.40. Around 8.64 lakh shares changed hands on the counter during the session.

The company’s stock, having a face value of RS 10, touched its 52-week high of RS 188.90 on February 27, 2026, while the 52-week low stood at RS 130.30 recorded on April 2, 2026. During the past week, the share traded within a range of RS 130.60 to RS 149.30. The firm currently commands a market capitalization of nearly RS 1.90 lakh crore.

Promoters hold 51.50% stake in the company, whereas institutional investors own 38.53% and non-institutional investors account for 9.97% shareholding.

The rally in the stock came after the company announced approval for a 50:50 joint venture with M11 Energy Transition to establish a Sustainable Aviation Fuel project at Paradip. The proposed HEFA-based facility will have a production capacity of 100 KTPA and involve an estimated investment of around RS 1,063.60 crore, subject to approvals from NITI Aayog, DIPAM and other regulatory authorities.

The proposal received clearance from the company’s board during its meeting held on May 18, 2026.

Indian Oil Corporation remains one of India’s leading energy companies with operations spanning refining, fuel marketing, pipelines, petrochemicals, exploration, production and gas marketing businesses.

19-May-2026
Max Healthcare Shares Rise Nearly 2% After Kalinga Hospital Acquisition

Max Healthcare Institute shares were trading higher at RS 1078.90 on the BSE, gaining 20.35 points or 1.92% compared to the previous close of RS 1058.55.

The stock opened at RS 1061.00 and moved between an intraday high of RS 1080.00 and a low of RS 1054.55. Around 15,882 shares changed hands during the trading session.

The company’s stock, having a face value of RS 10, recorded a 52-week high of RS 1314.30 on July 4, 2025, while the 52-week low stood at RS 903.50 on April 7, 2026. Over the past week, the stock touched a high of RS 1080.00 and a low of RS 940.00. The firm currently commands a market capitalization of nearly RS 104020.30 crore.

Promoters hold 23.71% stake in the company, while institutional investors own 71.71%. Non-institutional investors account for the remaining 4.57% shareholding.

Meanwhile, Max Healthcare has successfully acquired a controlling stake of nearly 58.28% in Kalinga Hospital for a total consideration of about RS 297.97 crore. Following the completion of the transaction, Kalinga Hospital has officially become a subsidiary of the company.

Kalinga Hospital operates a 250-bed multi-specialty healthcare facility in Bhubaneswar, Odisha. Earlier, on April 8, 2026, the board of Max Healthcare had approved entering into a share purchase agreement for acquiring a controlling stake in the hospital chain.

Max Healthcare Institute provides healthcare services through its network of hospitals across Delhi-NCR, along with facilities located in Mohali and Bathinda.

19-May-2026
SAIL Shares Edge Higher After Strong Q4FY26 Earnings Performance

Steel Authority of India shares were trading at RS 193.00 on the BSE, gaining 0.34% or 0.65 points compared to the previous close of RS 192.35. The stock opened at RS 192.25 and moved between an intraday high of RS 195.00 and a low of RS 188.30. More than 15.96 lakh shares changed hands during the session.

The company’s stock, having a face value of RS 10, touched a 52-week high of RS 209.70 on May 14, 2026, while its 52-week low stood at RS 118.10 recorded on August 28, 2025. Over the last week, the stock fluctuated between RS 175.10 and RS 209.70. The company’s present market capitalization stands at around RS 79,719.14 crore.

Promoters continue to hold a 65.00% stake in the company, while institutional investors own 23.42% and non-institutional investors hold 11.59%.

SAIL posted a strong financial performance for the quarter ended March 31, 2026. The company reported a standalone net profit of RS 1,679.51 crore in Q4FY26, marking a growth of 42.58% compared to RS 1,177.96 crore in the same period last year. Total income for the quarter rose by 5.24% to RS 31,169.25 crore from RS 29,616.54 crore a year earlier.

On a consolidated basis, net profit climbed 46.72% to RS 1,835.47 crore for the quarter under review, against RS 1,251.00 crore reported in Q4FY25. Consolidated total income also increased 5.24% year-on-year to RS 31,165.15 crore.

For the full financial year ended March 31, 2026, the company registered a standalone net profit growth of 50.54%, reaching RS 3,233.48 crore compared to RS 2,147.96 crore in the previous fiscal. Annual total income grew 8.06% to RS 1,11,961.32 crore.

Meanwhile, consolidated annual net profit surged 42.20% to RS 3,372.80 crore for FY26, while consolidated total income advanced 8.08% to RS 1,11,705.02 crore compared to the previous financial year.

19-May-2026
Great Eastern Shipping Shares Jump Over 8% After Vessel Sale Update

Shares of The Great Eastern Shipping Company witnessed strong buying interest on Friday, rising 8.39% on the BSE. The stock was trading at RS 1608.55, gaining RS 124.55 compared to its previous close of RS 1484.00.

The stock opened the session at RS 1579.75 and moved between an intraday high of RS 1615.00 and a low of RS 1550.75. Around 1,173 shares changed hands on the counter during the trading session.

The company’s stock, having a face value of RS 10, touched its 52-week high of RS 1620.20 on May 15, 2026, while the 52-week low stood at RS 903.35 recorded on May 15, 2025. Over the last one week, the stock traded in the range of RS 1463.45 to RS 1620.20. The firm’s current market capitalization stands at nearly RS 21,186.65 crore.

Promoters currently hold a 30.07% stake in the company, while institutional investors own 43.68% and non-institutional investors account for 26.24%.

The company announced that it has completed the delivery of its Medium Range Tanker ‘Jag Pankhi’, built in 2003, to the buyers. The sale agreement for the vessel was finalized during the first quarter of FY27.

Following this transaction, Great Eastern Shipping’s owned fleet now consists of 39 vessels, including 24 tankers and 15 dry bulk carriers, with a combined capacity of 3.19 million deadweight tonnes (dwt).

In addition, the company has signed an agreement to acquire a second-hand Medium Range Tanker, with the deal expected to be completed during Q1FY27.

The Great Eastern Shipping Company remains one of India’s leading private shipping companies with a significant presence in the global maritime transportation sector.

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