Micro, small, midcap indices on the National Stock Exchange (NSE) have outperformed the Nifty 50 in recent market pullback triggered by the India – Pakistan truce on the boarders, shows data from ACE Equity. While the Nifty Microcap 250 index has rallied around 6 per cent from its closing level on Friday, May 9 till May 13, the Nifty Smallcap 100 and the Nifty Midcap 150 indices have moved up 5 per cent and 4
Read More
Raymond shares slipped to its 52-week low at ₹530 per share from Tuesday’s close of ₹1,561.3 per share, due to demerger. The stock fell 66 per cent in trade as it turned ex-date for the spin-off of Raymond’s real estate business — Raymond Realty. The ex-date for a demerger is the date on which shares of the parent company start trading without the right to receive shares of the demerged (spun-off) company. However, around 11:30
Read More
Dynamic Cables shares saw strong investors’ demand in an otherwise weak market on Tuesday, May 13. The company’s shares soared 20 per cent to get locked in the upper circuit at ₹610.90 per share on the National Stock Exchange. A combined nearly 1.2 million equity shares of Dynamic Cables estimated to be valued at ₹85 crore exchanged hands on the BSE, NSE before the trading was halted. The northward movement in the company’s share price came
Read More
Promoter ownership in domestic companies has declined to the lowest level since the September quarter of 2017, but market experts say the trend is largely market-driven and does not point to any governance-related concerns. In the NSE 500 universe, private promoters’ share of overall holdings has dropped to 39.6 per cent in the March quarter so far, the lowest level since the September quarter of 2017, according to data from Primeinfobase.com. In December 2024, private
Read More
Shares of defence companies have resumed their up move on the bourses in an otherwise weak market on the National Stock Exchange (NSE) on Tuesday. They rose on expectations of a strong growth outlook on the back of strong government backing. Bharat Dynamic (BDL), Zen Technologies, Bharat Electronics (BEL), Garden Reach Shipbuilders & Engineers (GRSE), BEML, Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders (MDL), Paras Defence, Mishra Dhatu Nigam (MIDHANI) and Cochin Shipyard have rallied between
Read More