Indian shares were flat in choppy trading on Wednesday as the markets experienced volatility. The BSE Sensex ended 54 points or 0.09% higher to close at 59,085 while the NSE Nifty jumped by 27 points or 0.16% higher at 17,604. Amid the volatility, here are some stocks which have spiked by 20 per cent on [...]
Astra Microwave Products Ltd, part of the aerospace and defence sector shot up more than 75% in the past two months and has doubled investors’ money in one year by giving multibagger returns. Ace Investor Radhakishan Damani holds 896,387 shares in the company which is equal to a 1% stake. The value of these shares [...]
Blue chip companies are those companies that are well-established, stable and recognized. Investors consider investments in these companies to be stable and reliable. These companies usually sell high-quality, widely accepted products and services and are known to operate profitably in the face of adverse economic conditions. Here are three blue chip companies in which brokerages [...]
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani, 63, with "wilful" evasion, saying he "intentionally" did not [...]
The jewellery sector is shining bright as the sales have picked up after the pandemic and as the festive season is nearing. Analysts believe that a re-rating is on the cards as gold prices soften. Kalyan Jewellers India Ltd posted strong earnings for the March to June quarter. The company saw robust momentum in both [...]
Domestic pharma industry is expected to report moderate revenue growth of 7-9 per cent in the current fiscal, due to headwinds in export sales in the regulated markets and high-base effect in the domestic formulations business, as per rating agency CRISIL. Operating profitability will shrink another 200-250 basis points (bps) after the 130 bps decline [...]
The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock. The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes [...]
A year ago the shares of Alfavision Overseas India were trading at Rs 38 a piece on BSE From there it has spiked up to the current levels of Rs 278 thereby delivering a multibagger return of 619 per cent. In the last five days, the stock has added more than 13 per cent and [...]
The shares of Devyani International (DIL) tanked 7% to ₹ 182.50 on the BSE on Tuesday’s intra-day trade. Mauritius-based Dunearn Investments Pte Ltd is planning to sell a 2.4% stake in the quick service restaurants chain operator. Dunearn Investments Pte Ltd was among the public shareholders of the company and it holds a 16.26% stake [...]
Small-cap companies are those that have a market capitalization of less than ₹ 5,000 crores. As the name suggests, these companies are relatively small in size but have significant growth potential. However, SEBI’s rules state that all the companies that are ranked from the 251st position onwards in terms of market capitalization are automatically categorised [...]
