The shares of PI Industries Ltd gained more than 11 per cent and reached its all-time high of Rs 3,688.15 in the early hours of Wednesday. The company is making new highs after it reported a 31 per cent Year on Year (YoY) growth in its revenue which stood at Rs 1,770 crore in Q2FY23 [...]
According to bulk deals data available on the Bombay Stock Exchange (BSE), 'Big Whale', Ashish Kacholia has bought a fresh stake in Raghav Productivity Enhancers Ltd, a stock that has given multibagger returns. Raghav Productivity Enhancers, formerly Raghav Ramming Mass, manufactures quartz-based ramming mass, quartz powder and tundish board. It is a producer of ramming [...]
Life Insurance Corporation Of India (LIC) has recently disclosed that it has increased its stake in the monopoly company Indian Railway Catering and Tourism Corporation Ltd (IRCTC). The Insurance company has increased its shareholding from 3,97,76,221 to 4,00,42,625 equity shares which represents a total stake of 5.005 percent up from 4.972 per cent. Till the [...]
The shares of Polyplex Corporation Ltd have delivered 37,374 per cent returns as they have zoomed from Rs 6 to the current levels of Rs 2,053 a piece in twenty-two years. This shows the power of compounding which can be achieved by long-term investments. If an investor would have invested Rs 1 lakh in the [...]
Companies do better and get good margins in the absence of competition in an industry. Very few companies have true monopolies, but most of them are almost monopolies. They have brand recognition or they have dominance in any particular geography. Brokerages see an upside in these two companies that enjoy strong monopolies in their category: [...]
The shares of MCX Limited reached a fresh 52-week low of ₹ 1150.00 apiece on Thursday. This was led by a heavy sell-off by FIIs, following global cues like rising interest rates and the geopolitical crisis. Major central banks have increased the rates, thereby leading to a selling spree in the stock markets on a [...]
