Small-cap stocks have a market capitalization of less than Rs 16,800 crore. Small-cap companies have the potential for rapid development, making them appealing investments, even if their stocks may be volatile and represent more risks to investors. Here are three Small-cap stocks trading at a discount of up to 43% from their 52-week high Mahindra [...]
On Wednesday this small-cap stock hit 10% upper circuit after its subsidiary received an order worth Rs. 2,470 Cr. The stock closed 7% below the 52-week high and above the both 50-day and 200-day moving averages. The stock price is being helped by the strong and rising volume, which is above the averages from the [...]
Units of REITs and ETFs issued by companies headquartered in GIFT City or traded on local exchanges are to be exempt from capital gains tax, according to the government. Any unit of an investment trust, a unit of a scheme, or a unit of an ETF launched under the International Financial Services Centres Authority (Fund [...]
In order to support space-tech innovations through cloud computing, ISRO and IN-SPACe have signed a memorandum of understanding with Amazon Web Services (AWS). AWS said in a statement on Wednesday that the partnership with ISRO and the Indian National Space Promotion and Authorization Centre (IN-SPACe) aims to give space startups, research institutions, and students access [...]
On Wednesday, the government gave the go-ahead for Cyprus-based Berhyanda Ltd.'s proposed foreign investment of up to Rs 9,589 crore in Suven Pharmaceuticals. An official statement following the meeting of the Cabinet Committee on Economic Affairs stated that the approval is for Berhyanda to purchase up to 76.1% of the outstanding shares of Suven Pharmaceuticals [...]
The benchmark Sensex increased for a ninth consecutive session on Wednesday as buying in banking, energy, and telecom shares was sparked by positive macroeconomic data. The Nifty also closed above the record 20,000 mark for the first time. In day trading, the 30-share BSE Sensex recovered from early lows to trade close to its all-time [...]
The opening of DP World's 3.80 million square foot warehouse in Bhiwandi, Maharashtra, was announced on Wednesday. The facility, which went into operation on September 1, will serve companies in and around the region involved in industries like chemicals, pharmaceuticals, electric vehicles, and agriculture. The company said that with the addition of the new strategically [...]
Shares of infrastructure soared 5 percent upper circuit to Rs 37.05 apiece after the company received an order worth Rs 188 crores. Niraj Cement Structurals Ltd, a micro-cap stock with a market valuation of Rs 148 crore, touched a 5 percent upper circuit on the Exchange on Wednesday for Rs 37.05 per share. According to [...]
Dolly Khanna is an Indian ace investor known for investing in lesser-known stocks that tend to outperform the market. Her portfolio is managed by her husband Rajiv Khanna. The marquee investor’s portfolio typically leans towards manufacturing, textile, chemicals and sugar stocks. Earnings per share (EPS) is calculated by dividing a company’s profit by the number [...]
To avoid having its assets seized to cover a loan default, lenders claim Byju's hid USD 533 million in a mysterious, three-year-old hedge fund. However, the ed-tech giant claims that its agreement with lenders did not explicitly forbid the movement of funds. According to a lawsuit filed in a US court, Byju's US-based subsidiary Alpha [...]
