The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of BoM opened for subscription earlier on Tuesday for non-retail investors at a floor price of … Read more
PSU stocks have delivered healthy returns to investors in the last one month, rallying up to 56% with railway stocks leading the charts. The Nifty PSU index is up about 10% during the month, compared with 3% gains in benchmarks Sensex and Nifty. As many as 28 PSU stocks have offered double digit monthly returns … Read more
As many as 60 smallcap stocks gave double-digit weekly returns in what was a buoyant week for equity markets. Rail Vikas Nigam Ltd (RVNL) topped the charts in the smallcap pack, with 38% returns. Three stocks — Gujarat State Fertilizers and Chemicals, Indiabulls Real Estate and SVP Global Textiles — delivered over 25% returns during … Read more
Four financial service companies, including three banks, from the smallcap space have turned multibaggers since last year’s Holi, according to an analysis by The Economic Times. Karnataka Bank was the top gainer among the financial pack, with a rise of over 153%, followed by Ujjivan Financial Services, whose shares have risen 145%. Meanwhile, South Indian … Read more
Benchmark indices posted their biggest weekly losses in more than three months, but 32 smallcap stocks managed to give high double-digit returns with public sector banks leading the list. Shares of , The Jammu & Kashmir Bank, Central , and Punjab & rose more than 16-45% in the week ended December 9 and also scaled … Read more