Thu, Jun 27, 2024 11:20 AM
Bajaj Finance's Sanjiv Bajaj Sees Salary Jump 437% In FY24
A Flip by Shubhangi Gupta
Shares of Avance Technologies hit a 5 per cent upper circuit to Rs 0.97 per share from its previous closing of Rs 0.93. The stock’s 52-week high is Rs 1.71 and its 52-week low is Rs 0.24. The shares of the company saw a spurt in volume by more than 1.01 times on BSE. The company undertook two stock splits in 2023. The first stock split happened on March 19, 2023.
Open Flip
Rivian received a $5 billion investment from Volkswagen, causing its stock to jump 30%. Despite this, Rivian is still down 89% since its 2021 IPO, sparking concerns about viability. In contrast, Tesla is up 1,253% & Ford is up 22% over the last five years. The investment helps Rivian's cash flow, but its long-term survival depends on its ability to raise money, & achieve positive free cash flow.
Open Flip
Nvidia's stock has surged 149% in 2024, tripling its revenue year-over-year, but its valuation appears stretched with a forward P/E ratio of 45. Two AI server stocks, Super Micro Computer and Dell Technologies, could outperform Nvidia for the rest of the year. Super Micro shares have risen 188%, with a forward P/E ratio of 35, and analysts expect 46% annualized earnings growth.
Open Flip
