EKI Energy Services Limited has fixed 1st July 2022 as the record date for the issue of bonus shares. The board of directors had considered and approved the recommendation for a bonus issue of three equity shares for every one share held. The company in the exchange filing informed that “The Board of Directors fixed [...]
The Board of Directors of Abbott India have recommended a final dividend of 1450% and a special dividend of 1300% on the face value of their shares. Abbott India is a large-cap pharmaceuticals firm with a market capitalization of 37,976 crores. Their shares have a face value of ₹10 apiece. This sums up to a [...]
Indian equity benchmarks traded in the green on Thursday, led by gains in IT and Auto stocks. A fall in oil prices boosted domestic sentiment. At 11:20 AM, the Nifty 50 was trading at 15617.45 points, 1.32% or 204.15 points higher than its previous close. The BSE Sensex was trading at 52,478.53 points, 1.27% or [...]
The shares of UPL Ltd., a large-cap agriculture solutions provider hit their new 52-week low of ₹ 617.75 today at 11:45 IST. The stock is down -19% year to date and -22% in a month after the buyback offer closed . The Mumbai-based company, previously known as United Phosphorus Limited, manufactures and markets herbicides, fungicides, [...]
After facing a rough few sessions, the shares of Manali Petrochemical Ltd has shown a sign of relief on Tuesday. The shares of the company have fallen 36% in the previous 30 sessions. As of Tuesday, the stock is trading at ₹98 and is up by 11.68% IST 14.06. For the March quarter of 2022, [...]
Galactico Corporate Services Limited is a SEBI registered Category I merchant banker providing services such as corporate advisory, mergers & amalgamation, corporate valuations, QIB placement, ESOP advisory management, and listing to mid-cap, small and mid-size enterprises (SMEs). This small-cap stock has generated a multi-bagger return of 673% in the last 6 months. It was trading [...]
The shares of full-integrated pharmaceuticals player Aurbindo Pharma Ltd. were trading near their new 52-week low in the early hours of trading on Tuesday. As of 10:45 IST, the stock was being exchanged for ₹ 529.50 on the bourses, down more than 27.5% year to date. One-year performance has been dismal as well as the [...]
Metals and mining major Vedanta was down almost 12% in the early hours of the trading session on Monday. It was trading at its new 52-week low of ₹ 232 per share as of 11:45 IST. The stock is down more than 34% year to date against an almost 20% decline in the benchmark NIFTY [...]
Indian markets face worsening economic conditions with the Feds and RBI’s interest rate hikes. The US Federal Reserve increased its interest rates by 75 basis points on Wednesday. In the last week, RBI Governor announced the hike of interest rates by 50 bps. Fitch ratings stated that Reserve Bank would likely raise interest rates to [...]
Indian markets have witnessed a massive correction due to increasing inflation, interest rate hikes and FII pulling out their investments. The Nifty 50 has corrected 12.45 % since April 2022 and is currently trading at 15,474.00 points. In a relatively weak market, here are some stock recommendations with an upside of up to 82%. CCL [...]
