Wed, Mar 22, 2023 2:00 PM
Asian Energy shares surge after receiving an order of Rs 165 crore
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Shares of Balu Forge Industries Ltd gained 5.51 per cent to Rs 288 per share from its previous closing of Rs 272.95 per share. The stock’s 52-week high is Rs 301 and its 52-week low is Rs 92.55. BFIL announced that their equity shares will begin trading on the National Stock Exchange of India (NSE) under the symbol "BALUFORGE" starting at the market opening on April 29th, 2024.
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Tech Mahindra, India's fifth-largest IT company by market capitalization, experienced a remarkable surge of over 12% in today's intraday trading, reaching Rs 1347 per share. This upsurge indicates the market's optimistic reaction and highlights the confidence in the company's ambitious future plans. The surge comes despite the company's modest financial results released.
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Stocks of public sector undertakings (PSU) have had a phenomenal run in the last one year as well as in 2024 YTD (year-to-date) with the Nifty PSE index outperforming the benchmark Nifty in both these time frames. All constituents of the Nifty PSE index were also positive in these time frames.In the last one year, the Nifty PSE index gave multibagger returns, surging over 112 percent.
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