The shares of SEL Manufacturing Company Ltd. gave multibagger returns of 39815.15% in less than one year as its share price surged from ₹ 4.95 to ₹ 1975.80 apiece on the NSE. However, the stock has been hitting a 2% lower circuit for 24 sessions. Further, it was observed that the 52-week high of the [...]
Indian indices started in the green on Monday and surged 1.9% due to strong buying interest in IT, auto and realty stocks amid positive global trends. The Sensex and Nifty advanced close to 2% tracking supportive trends from Asian peers. Further, restrictions were eased in China. The benchmark indices finished a volatile session on Friday [...]
Drug major Sun Pharma plans to increase its field force in the domestic market by 10 per cent in the current fiscal in order to drive twin objectives of brand focus and geographical expansion, according to a senior company official. The Mumbai-based drug major, which is the fourth largest specialty generic drug maker in the [...]
Coffee chain operator Tata Starbucks Ltd has reported a 76 per cent growth in revenue to Rs 636 crore for 2021-22 and "significantly" reduced its net loss, driven by normalisation of operations following easing of COVID-related restrictions. Its revenue growth was led by higher realisation from existing stores and new stores added during the financial [...]
The RBI's policy decision would be the major event driving trading sentiment in the equity market this week, while global cues, foreign funds movement and crude oil prices will be the other key factors to watch out for, analysts said. Markets have been witnessing a rebound recently. However, the move lacks decisiveness amid lingering challenges [...]
Tata Motors is gearing up to strengthen its R&D with fresh hiring as well as upskilling of the current employees this fiscal year in order to scale up capabilities across various business verticals, including the electric vehicle segment, as per a top company official. In the EV space, the company is looking to enhance its expertise [...]
The government has shown its intent for privatization after selling Air India and finding a buyer for Neelachal Ispat. It has set a divestment target of ₹ 65,000 crores for this year. Hindustan Zinc Limited The Cabinet Committee on Economic Affairs has approved the sale of the government’s entire remaining stake in Hindustan Zinc Ltd [...]
The shares of Lesha Industries Ltd., an Ahmedabad based small-cap company have given multi-bagger returns over the previous year. The stock closed at its 52-week high of ₹ 29.05, up a whopping 1,186% from its year-ago price of ₹ 2.33. An investment of ₹ 1,00,00 in Lesha one year ago would be worth ₹ 11,04,002 [...]
The Sensex touched its year high of 61,308 points on 17 January. But the rally did not last long and the markets were in throes of panic selling in the first half of March when it hit its low of 52,842. Another steep climb took the index up 14.70% in a matter of one month [...]
The government on Friday said it has issued show cause notices to 16 companies, including NTPC, JSW Steel, Hindalco, Vedanta and Nalco, for delays in operationalisation of coal blocks. Show cause notices are issued from time to time to companies which do not adhere to the timelines prescribed in their agreements for timely operationalisation of [...]
