Indian markets have witnessed a massive correction due to increasing inflation, interest rate hikes and an increase in oil prices. The Indian benchmark index Nifty50 has witnessed a correction of 12.2% since the beginning of April. Nifty50 has closed at 15875.10 points as of Tuesday. It has even impacted bluechip stocks which are currently trading [...]
Share buybacks happen when a company that has issued shares decides to buy them and reabsorb that portion of its ownership that was previously distributed among public and private investors. Companies do buybacks for various reasons like ownership consolidation, increasing the value of their equity, and improving their financial ratios. Sometimes companies prefer buybacks instead [...]
The shares of India's largest automotive suspension spring manufacturer, Jamna Auto Industries Ltd achieved a fresh all-time high on Wednesday. During the day, the stock reached an all-time high of ₹126.25 and is currently trading at ₹123.05, up by 4.33%, IST: 12:00. Since the crash of covid, the share has given a multibagger return of [...]
Nithin Kamath, Zerodha’s Co-founder and CEO said that trading is one of the toughest ways to make money in a tweet. In a series of tweets, he added that the kind of volatility in the last few months is making it even tougher. "For most traders living in the social media bubble, it must seem [...]
Shares of Indian multinational automotive corporation Mahindra & Mahindra which holds a 1.09% weightage in the Nifty50 Index achieved its all-time high on Tuesday. During the day, the stock reached an all-time high of ₹1121.45 and is currently trading at ₹1113, up by 2.80%, IST: 11:40. The shares of the company have given a multibagger [...]
Business Tycoon Pallonji Mistry, who was the chairman of the Shapoorji Pallonji group, passed away last night, mid-sleep, at his residence in South Mumbai. He was 93. “Pallonji Mistry, the end of an era. One of life’s greatest joys was to have witnessed his genius, his gentleness at work. My condolences to the family and [...]
Penny stocks are the shares of the small-cap companies which usually quote at very low values and are mostly illiquid. These are also known as nano-cap stocks or micro-cap stocks. Penny stocks have unpredictable pricing because the value of their actively traded shares is small. Therefore, they are subject to wide fluctuations but also have [...]
The shares of Star Health and Allied Insurance Company have declined 26.32% in the last 7 sessions and made their new record low of ₹516.10 on Monday. Currently, the stock is trading at the ₹517.25 and is down 2.88% as of IST 11:42. The share was listed in the market on 10th December 2021 at [...]
Chennai-based investor Dolly Khanna-backed Tinna Rubber and Infrastructure shares have given a stellar return to its shareholders. The stock has delivered multibagger returns of 362.65% in the past year as its share price surged from ₹66.80 to ₹309.05. If an investor would have invested ₹1,00,000 in the shares of the company the value of their [...]
One of India’s leading technology services and consulting companies, Wipro Limited holds a 1.4% weightage in the Nifty50 index. The share reached a 52-week high of ₹739.85 on 14th October 2021. The share opened gap-up and is currently trading at ₹426.40 on Monday, IST 10:48. The Share prices of the company fell after it announced [...]
