Multibagger stock engaged in the manufacturing and trading of innovative light-emitting diode jumped 5 percent in the day’s trade after it unveiled a new outdoor technology for lighting that gives it a distinct competitive advantage over others. In the day’s closing on December 7, 2023, the shares of Focus Lighting and Fixtures Limited closed at [...]
The shares of this cement manufacturing company jumped around 2 percent in Thursday’s trading session after a well-known investment bank bought a stake in the company. In six months, the shares have delivered multibagger returns of 153 percent to its shareholders. With a market capitalisation of Rs. 4,842 crores, the shares of Kesoram Industries Ltd [...]
‘Undervalued’ is a financial term that is generally referred to a security that is selling for a price presumed to be below the investment's ‘true intrinsic value’. Listed below are three such undervalued stocks under the ‘small-cap’ category that portrayed a net profit CAGR of up to 60 percent over three years: Gujarat Ambuja Exports [...]
Finance Minister Nirmala Sitharaman has submitted to Parliament, a request for permission to spend an extra ₹58,000 crore in cash in FY24 through the Supplementary Demands for Grants. According to the breakdown of the net cash outgo, the government has requested ₹7,020 crores for food subsidies and ₹13,350 crores for fertilizer subsidies in cash for [...]
Two stocks under the ‘large-cap’ category fell up to 3 percent after Warburg Pincus, a US-based Private Equity (PE) Firm, has likely sold its stake in the companies via Block Deals. The stocks of Bharti Airtel Limited closed in the red on Thursday at Rs 1,000, slipping around 2.50 percent as compared to the previous [...]
The shares of marine and industrial electrical manufacturing company clocked 5 percent upper circuit on Thursday’s trading session after it received an order worth Rs. 20.25 crores. The shares have given a multibagger return of 177 percent to its shareholders on a YTD basis. With a market capitalisation of Rs. 1,159 crores, the shares of [...]
The shares of one of the leading manufacturers of Heavy Engineering equipment manufacturer in the Railway industry surged 8.5 percent to a 52-week high price of Rs 170.95 per share after its subsidiary entered a business agreement with a Russian company. Oriental Rail Infrastructure Ltd is a micro-cap stock with a market capitalization of Rs [...]
On Thursday, one of the leading microcap stocks received a purchase order under the Ministry of Labour and Employment worth Rs 2.9 crores. According to the filing of SBC Exports Limited, the company has received a contract from the Employees Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment through GeM for the [...]
The share price of one of India’s leading low-cost airlines hit a 20 percent upper circuit at Rs 52.29 as the company’s board has decided to meet on December 11, 2023, to discuss the fund-raising route. SpiceJet’s Board of Directors scheduled a meeting on December 11, 2023, to decide on raising fresh capital through the [...]
The shares of this EV chargers and solar solutions manufacturing company jumped around 2 percent on Thursday’s trading session after the company announced filing patent applications relating to EV charger technology. With a market capitalisation of Rs. 1,648 crores, the shares of Servotech Power Systems Ltd started Thursday’s trading session on a higher note at [...]
