Small cap stock below ₹20: Oriental Trimex stocks will be in focus when the Indian stock market resumes operations on Monday. The small-cap stock has declared to foray into the business of cable machines for slab cutting. India’s leading processor and trader informed about this Capex development through an exchange filing on Thursday. As a …
Indian stock market: This month’s meltdown in India’s smaller stocks is being termed as a buying opportunity by some investors despite the securities regulator’s warnings of a potential bubble. Perceived as key beneficiaries of the South Asian nation’s 8%-plus economic growth, shares of smaller firms are seen staging a comeback after a selloff that’s pushed …
The sell-off in small-cap stocks continued for the third straight day on Wednesday, experiencing the most intense pain this year so far. In today’s intraday trade, the Nifty smallcap 100 index took a sharp dive of 5.3%, slipping below the 15,000 mark to finish the trade at 14,295 points. This marked the most significant intraday …
Indian equities plunged on Wednesday in the backdrop of regulatory alerts and valuation concerns, with smaller stocks bruised the most. Indian equities plunged on Wednesday in the backdrop of regulatory alerts and valuation concerns, with smaller stocks bruised the most. The Nifty 50 fell 1.5% to 21,997.70 points, while the S&P BSE Sensex fell 1.2% …
Small-cap stocks have faced significant pressure in recent sessions, even as benchmark indices reached new record highs. Investors in these stocks enjoyed a remarkable run over the past year, driving up valuations to expensive levels. Analysts note that even minor market corrections are prompting profit-taking among investors. The Nifty Small Cap 100 index has declined …
Stock market today: After a strong rebound on Friday’s session, Indian stock market once again slipped into the red territory during Monday deals. All major indices are trading red but small-cap and mid-cap indices lost more than the key benchmark indices. The small-cap index received maximum beating as the index lost over 1000 points during …
Infibeam Avenues, a fintech firm, saw its shares gain exponentially over the last six trading sessions, jumping in value from ₹25.60 apiece to today’s closing price of ₹37.80, rewarding its shareholders with a tremendous return of 48% within this brief period. This surge has propelled the company’s shares to a remarkable gain of 147.87% over …
Suzlon Energy, one of the leading renewable energy solutions providers, released its Q3FY24 results today, reporting a consolidated net profit of ₹203.04 crore, marking a remarkable 160% improvement compared to the net profit of ₹78.28 crore posted in the same quarter of the previous fiscal year. On a sequential basis, the net profit witnessed a …
Shares of Alok Industries, a textiles manufacturer, were locked in the 20% upper circuit limit in today’s trade at ₹25.9 apiece. This remarkable spike in shares came after Reliance Industries invested ₹3,300 crore in the company by subscribing to preferential shares, the company said in today’s regulatory filing. Also Read: Suzlon, Reliance Power to VI: …
In a turbulent day for the stock market, the indices struggled to sustain the intra-day record highs, witnessing a sharp fall in the last hour of trading. The Sensex and Nifty 50, after reaching intra-day peaks of 72,562 and 21,834, respectively, closed on a flat note. The Sensex saw a decline of 169 points, settling …