Multibagger smallcap stock with 153% returns announces bonus issue; Check the details
The shares of Ruby mills inched up by 1.1 percent and were trading at Rs 672 till 11.50 am on Monday. The shares reached its all time high of Rs 687 last week on Friday. In a month, the stock has gained approximately 48 percent. In January 2022, the stock was trading at Rs 264 [...]
Shares of Mahindra Lifespace Developers jump over 2%; touch 52-week high on bourses
Shares of Mahindra Lifespace Developers touched its 52-week high in the morning trade on Monday after the realty firm said it is looking to acquire a few land parcels this fiscal to build housing projects. Shares of the company opened at Rs 541.95 on Monday, then gained 2.37 per cent to touch Rs 550.40, its [...]
Sensex revisits 60k mark in early trade
Equity benchmarks made a positive start to the week on Monday amid a supportive trend in Asian markets and robust foreign fund inflows. Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours. Rising for the third straight session, the 30-share BSE Sensex climbed 274.07 points [...]
Weekly Recap: 10 crore Demat accounts, Gov to acquire stake in Vodafone and More!
After a flat start on Monday, headline indices BSE Sensex and NSE Nifty 50 gained 361 points (0.61%) and 103 points (0.59%) respectively. The thirty-share index was at 59164 points while the fifty-share index was at 17642 points. On Friday, the benchmark indices extended gains, led by IT shares. However, losses in oil & gas [...]
Brokerages see more than 45% upside in this stock; Are you holding it?
The shares of Zomato Limited were trading 2.2 per cent higher till the afternoon on Friday at Rs 62.75 levels. In the past month, the stock has been volatile and gained more than 12 per cent. In the past six months, the stock has shed more than 21 per cent of its value. On a [...]
Markets to take cues from macro data, global trends: Analysts
Trading in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and global trends, analysts said. Industrial production data for July and inflation rate for August are scheduled to be announced on Monday. Besides, wholesale price index (WPI) inflation data will be released on Wednesday. "The direction [...]
Adani Group open offer for ACC, Ambuja Cements gets lukewarm response from investors
Adani Group's Rs 31,000-crore open offer to acquire 26 per cent additional stakes in Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements closed on Friday amid lacklustre response from public shareholders. According to the latest regulatory filing by ACC Ltd, till 6.40 pm on Friday, around 40.51 lakh equity shares were [...]
Crypto fraud: Man held for duping Meerut bizman of Rs 1.84 crore
The Cyber Crime wing of Uttar Pradesh Police on Friday said it has arrested one person in connection with a Rs 1.84-crore cryptocurrency fraud. The Mumbai-based accused was arrested by officers of the Cyber Crime police station, Noida, for allegedly duping a Meerut-based businessman on the pretext of investment in cryptocurrency. During the probe, it [...]
Stock to BUY: Bluechip Auto stock with upside potential of more than 25%
Automobile major Maruti Suzuki will consider the SUV segment as a key area to lift its overall market share in the country. The company’s overall market share is under 45% currently and the target is to lift it to 50%. Shashank Srivastava, Senior Executive Director, Maruti Suzuki said that in the non-SUV segment, the company [...]
