Shares of IndiaMART InterMESH plunged more than 8 percent in intra-day trading on Wednesday after the company reported a significant drop in subscriber additions for the quarter ending June 2024 (Q1FY25). The company added only 1,500 subscribers in Q1FY25, far below analysts’ expectations, compared to 2,683 subscribers in the March […]
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Penny stock Vintron Informatics has emerged as a stellar success story, delivering exceptional returns to its investors over both long-term and recent periods. Its remarkable performance underscores the potential of penny stocks to generate significant value for investors willing to take on the associated risks. Over the last five years, […]
Global brokerage house Nomura has increased the target price of auto component maker Sona BLW Precision Forgings following the company’s impressive results for the quarter ended June 2024 and a strong order book. Maintaining a ‘buy’ recommendation, the brokerage has raised its target price by nearly 15 percent to ₹788 […]
Once a penny stock, Panyam Cements and Mineral Industries has transformed into a multibagger success story, delivering phenomenal returns to its investors recently. Over the past year, the stock has performed remarkably, soaring by 2986 percent and maintaining investor confidence amid market fluctuations. From its 52-week low of ₹11.32 on […]
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 […]
Shares of VST Industries, backed by investor Radhakishan Damani, surged over 17 percent to reach a new peak of ₹4,850 apiece in intra-day trading on Friday, following the company’s announcement of its first-ever bonus issue plan. This marks a significant rally for the stock, which has climbed more than 53% […]
While the banking sector may have underperformed compared to the Nifty over the past 6 to 12 months, it remains poised for significant long-term growth due to India’s largely underbanked population. The Nifty Bank index has gained 8.5 percent year-to-date in 2024, compared to an over 13 percent rise in […]
Oriental Carbon & Chemicals‘ stock price hit its 20 percent upper circuit at ₹361.05, marking a 52-week high on Tuesday, July 16, and extending its gains for the seventh consecutive session. The stock also hit its 20 percent upper circuit in the previous session on July 15, soaring over 67 […]
The Nifty-50 reached the 24,000 mark on June 27, 2024, closing above this level for the first time. This latest 1,000-point rally was the fastest ever, taking just 0.8 months or 17 sessions, highlighted brokerage house Geojit Financial Services in a recent note. Additionally, the index has added 5,000 points […]
Meanwhile, over the span of 3 years, starting from June 2021 when it traded at ₹3.17, the stock has surged by an impressive 955 percent. However, the stock witnessed some correction in the last 1 year. Over the past year, it has fallen 37 percent, while the stock has lost […]