Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. The regulator, in its extensive investigation, found that the company has transferred the fund among promoters, directors, and their relatives under the guise of legitimate trade activities. The … Read more
Equity markets witnessed a broad-based rally during the week, supported by robust macro data and sustained foreign inflows. During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with a nearly 32% return, … Read more
Nifty futures on the Singapore Exchange traded 52.5 points, or 0.28 per cent lower at 18,615.5, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: : The USFDA has issued 8 observations for the drug product facility and API … Read more
Shares of Mishtann Foods jumped 3 per cent during Thursday’s trading session after the company announced its plan to set up a grain-based ethanol manufacturing facility in Gujarat. The company has signed a Memorandum of Understanding (MoU) with the Gujarat government for the facility touted to be India’s biggest grain-based ethanol project. It is expected … Read more
A host of board meetings and corporate actions are scheduled for Thursday. At least five stocks will go ex-dividend today. While had announced an interim final dividend of Rs 70 per share, had announced an interim dividend of Rs 1.25. Three companies, namely (Rs 55 per share), (Rs 3 per share) and (Rs 2 per … Read more