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Stock falls by 10% after government asks subsidiary company to pay back ₹ 124 Cr

Stock falls by 10% after government asks subsidiary company to pay back ₹ 124 Cr

The shares of Greaves Cotton Ltd. fell nearly 10 percent in Monday's trading session. The decline in share price comes after the Indian government asked the company to return the subsidy amount of ₹ 124 crore from Greaves Electric Mobility Private Ltd. (GEMPL)  along with interest, for violating  Phased Manufacturing Programme (PMP) guidelines. At 13:00, [...]
3 Debt Free stocks with high FII holdings to add to your watchlist

3 Debt Free stocks with high FII holdings to add to your watchlist

Companies manage their funding requirements through equity or debt or internally generated cash. The most preferred source of funding is internally generated cash, followed by debt and then equity, mainly because of the associated costs. However, many companies claim that they have zero debt or are debt free, sending a signal to stakeholders that they [...]
Top Stock Picks: 8 Stocks to BUY now for an upside of up to 89% 

Top Stock Picks: 8 Stocks to BUY now for an upside of up to 89% 

The headline gauges soared on Friday. The fifty-pack Nifty 50 touched a fresh high for the calendar year 2023, crossing the 18,500 mark. However, it settled at and settled at 18,499.35 points. The thirty-share Sensex climbed 1.02% to settle at 62,501.69 points. Broader markets and sectoral indices also clocked sharp gains to settle in the [...]