The shares of Mahanagar Gas Ltd jumped 9.11% on Monday to reach a 52-week high of ₹ 989.50 on the National Stock Exchange (NSE) after the company announced that it has entered into definitive documents to acquire 100 percent of the shareholding of Unison Enviro Pvt. Ltd., an arm of Ashoka Buildcon for ₹ 531 [...]
WPIL Limited's stock witnessed a rally of around 8 percent on Monday’s session and closed at a price of Rs 2,208.90 levels. The stock has been on a ride of consistent rise in the stock prices wherein for a month period it has been able to generate around 91 percent upside from Rs 1,159 to [...]
The shares of 5Paisa Capital zoomed 17.65% on Monday’s early trades after the company got shortlisted as a Qualified Stock Broker (QSB) by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). In accordance with the Securities and Exchange Board of India’s (SEBI) guidelines, the exchanges included 15 brokers as QSBs and 5Paisa [...]
Mangalore Chemicals and Fertilizers Limited, today, saw a jump of around 14 percent in its stock price, opening its trading session at Rs 76.65 and currently trading at around Rs 87. The core contributor to the same could be the recent acquisition by the company. The company, being the target company, will be acquired by [...]
As one of India's leading business conglomerates, the Jindal Group is engaged in a diverse portfolio of businesses and achieved rapid growth over the years. Two stocks of the group, namely Jindal Stainless (Hisar) Limited and Jindal Stainless Limited are set to merge and the same will be done by the end of FY2023. Here [...]
With a market capitalization of ₹ 11,866 crores, Finolex Cables is a small-cap company engaged in the manufacturing of electrical and telecommunication cables in India. It has been in existence for more than 50 years and has forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances segment. The shares of Finolex cables [...]
Domestic benchmark indices opened in the Red on Monday. The thirty-share BSE Sensex opened 132.62 points lower at 59331.31 points and the fifty-share NSE Nifty 50 opened 37.2 points lower at 17428.60 points. On Friday, the indices posted their biggest single-day gain in the past few weeks. The rally in Adani group stocks added a [...]
We believe that there is more steam left to this pullback rally and hence it can extend higher till 17,700 where resistance in the form of the 50% Fibonacci retracement level (17,695) and the 20-day moving average (17,703) is placed. Considering the sharp up move in today’s trading session a consolidation cannot be ruled out. [...]
Many investors believe in the power of long-term investing. There have been many stocks that have given multibagger returns to their investors and have made fortunes for them. One such stock is of a chemical company SRF Ltd. One of the most common ways by which a stock has given multibagger returns is by appreciation [...]
Big-Whale Ashish Kacholia is well-known for staying away from the media and avoiding interviews and journalists. He likes his portfolio to speak for itself. The ace investor has invested in over twenty stocks and has a varied portfolio that includes hospitality, education, infra and manufacturing stocks. Here are three multibagger stocks in his portfolio that [...]
