Indian equity gauges— BSE Sensex and NSE Nifty 50 rallied to a record high on Friday, led by auto and financial stocks. The Nifty 50 hit an intraday record high of 20,222.45 points and Sensex touched 67,927.23 points. The indices gained for the third straight week, while the Midcap indices snapped a three-week gaining streak. [...]
Fundamentally strong companies are those that have strong financials over the years, such as significant profit growth, a low debt-to-equity ratio, and continuous cash flow. Penny stocks belong to the inexpensive category, with low market capitalizations and limited liquidity in their stocks. Those stocks are more volatile in nature. Listed below are three fundamentally strong [...]
A stock is said to be an “undervalued” one when the price-to-earnings (P/E) ratio of the company is lesser than the P/E ratio of the industry the company is engaged in. Listed below are two stocks in the ‘Auto Ancillary’ segment having a P/E ratio lesser than that of the industry: Samvardhana Motherson International Limited [...]
The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield indicates how much a company pays in dividends each year based on its stock price. Here are a few stocks that will be trading ex-dividend next week: Balmer Lawrie & Co Ltd. Balmer [...]
A company is said to be “Fundamentally Strong” when it portrays a certain set of characteristics such as strong and consistent financials, low leverage ratios, and many more. Listed below are three Fundamentally Strong stocks under Rs 200 that one should keep on their radar: Indian Energy Exchange Limited With a market capitalization of Rs [...]
The Life Insurance Organisation of India (LIC) is India's largest government-owned life insurance and investment company. Its primary responsibility is to invest in global financial markets and other government assets after collecting funds from individuals via various life insurance contracts. Here are two stocks under Rs 50 in which LIC owns up to 2.83% stake. [...]
Shares of this undervalued stock under the ‘micro-cap’ category have proven to deliver multibagger returns of around 2,000 percent within a period of just six months. Prime Industries Limited (PIL) is engaged in the business of manufacturing as well as the marketing of ‘Vanaspati’. The company also started manufacturing bakery-quality Vanaspati that is well-accepted in [...]
On Friday this small-cap stock jumps more than 7% after the company’s board approved to sell APL unit. The stock has delivered 25% returns in six months. The company's stock is currently trading above both its 200-day and 50-day moving averages. The stock price has been maintained at a high level by a strong and [...]
Shares of a defence company zoomed 3.31 per cent on Friday to reach an intraday high of ₹ 424.40 apiece on the National Stock Exchange (NSE) after Its management’s positive commentary on revenue. Its shares settled at ₹ 420.95 apiece. Mishra Dhatu Nigam Ltd. has been assisting ISRO since the start of the Chandrayaan-3 mission. [...]
This EV stock traded higher in the second half of Friday’s trading session after the company signed an MoU with the Government of Uttar Pradesh to set up its first integrated commercial vehicle Bus plant focused on green mobility in the state. Share price of Ashok Leyland opened at Rs. 180.80 per share and gained [...]
