Vienna-based RHI Magnesita has announced the acquisition of the Indian refractory business of Dalmia Bharat Refractories Ltd. (DBRL) for ₹ 1,708 crores. The share swap deal will happen through its Indian subsidiary RHI Magnesita India Ltd. "DBRL will transfer its business to Dalmia OCL (DOCL). Under the terms of a share swap agreement, RHI Magnesita [...]
The shares of Easy Trip Planners were in focus on Monday as the stock started trading ex-split and ex-bonus. Its board of directors fixed 22nd November 2022 as the record date to finalize eligible shareholders for the issuance of bonus shares and stock subdivision. The company’s shares were trading at ₹ 385.00 levels on Friday [...]
The shares of Godawari Power and Ispat Limited surged 19.31% during early trades on Monday to reach an intraday high of ₹ 325.00 apiece. The company’s shares rose after the Government scrapped a recently imposed export duty on steel and allied raw materials. This will pave the way for more overseas shipments of steel from [...]
The shares of UCO Bank opened at Rs 15.85 on Monday and gained as much as 17 percent to reach its new 52-week high of Rs 18.65 in the early trading hours. In the past five days, the stock has gained approximately 25 percent. UCO Bank, formerly United Commercial Bank, is an Indian public sector [...]
The shares of Madhya Bharat Agro Products Ltd gained as much as 1.6 per cent in the early hours of Monday. In the past 3 months, the stock has gained approximately 16 per cent. Madhya Bharat Agro Products Limited (MBAPL), part of the Ostwal group, is a leader in the production of Beneficiated Rock Phosphate [...]
Shares of Five Star Business Finance on Monday made a tepid market debut, listing with a discount of 5 per cent, against the issue price of Rs 474. The stock listed at Rs 449.95, registering a decline of 5 per cent from the issue price on the BSE. It later bounced back and was trading [...]
Shares of Archean Chemical Industries Ltd listed on the stock exchanges with a premium of nearly 11 per cent against the issue price of Rs 407 on Monday, the first day of trade. The stock made its debut at Rs 449, higher by 10.31 per cent on the BSE. Later, it jumped 16.96 per cent [...]
“Next week FOMC meeting minutes are due, which would provide further cues to the market. This week though Nifty shied away from its all-time high, it is hoped that next week, Nifty would scale to those levels.” Motilal Oswal Financial Services “In the absence of major domestic triggers, the domestic market is expected to continue [...]
Penny stocks are a great investment option for those investors who have a minimal budget and a high-risk appetite. Generally, they are available for prices below ₹ 10 and are highly illiquid. It takes a good understanding of financials and a lot of research to find penny stocks that give multibagger returns. Even then, some [...]
Radhakishan Damani, the founder of DMart is also an ace investor. Often considered Rakesh Jhunjhunwala’s guru, the business magnate publicly holds 13 stocks with a net worth of over ₹ 177,080.9 crores, according to the filings for the July-September quarter. Some of his stocks have a very high return on equity (ROE). ROE is a [...]
