Number of smallcap stocks offering double-digit returns falls even as bulls dominate the week
Indian equity markets cheered the 50 bps rate cut by the US Fed as the indices scaled to record highs. The apprehension of a slowdown in growth was eased slightly after the lower-than-expected US jobless claims. Despite overall bullish sentiments, the rally failed to completely trickle down to the broader markets as the number of…
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Reliance Infrastructure shares rally 12% to 52-week high on shareholders’ nod for Rs 3,000 crore QIP
Shares of Reliance Infrastructure today rallied 12.4% to its new 52-week high of Rs 320 on BSE after the companyβs board approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. βWe hereby inform you that the Board of Directors…
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Promoters to infuse Rs 1,100 crore in Reliance Infra
Anil Ambani’s flagship firm, Reliance Infrastructure Ltd is set to receive Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms, according to a filing by the company. The board of the company had on Thursday approved Rs 6,000 crore fund raise plan, of which Rs 3,014…
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Stocks in news: Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever…
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