Wed, Jan 20, 2021 2:35 PM
Bank of America sees limited upside in Indian markets this year
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Shares of G G Engineering Ltd hit a 5 per cent upper circuit to Rs 2.24 per share from its previous closing of Rs 2.14 per share. The stock’s 52-week high is Rs 2.97 per share and its 52-week low is Rs 0.87. The shares of the company saw a spurt in volume by more than 1.40 times on BSE. Earlier, the Board approved the conversion of 135 million previously issued warrants.
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KR Choksey's research report on Supreme Petrochem. Supreme Petrochem met our estimates on revenue, EBITDA, and PAT for Q4FY24. Revenue beat was due to strong volume growth, EBITDA beat was due to lower-than-expected other expenses and net profit beat was due to better-than-expected operational performance and lower-than-expected tax expenses. The Board has proposed a final dividend of INR 7/share.
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Household names that captured investors' imaginations in 2021 — like GameStop (GME) and AMC Entertainment (AMC) — are surging higher (and lower, in some cases). And while the sudden appearance of meme stock volatility was once a contrary, risk-off warning for stocks in years past, the 2024 surges appear to be signaling a healthy risk appetite for investments.
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