From Rs 0.87 to Rs 2.25 per share, the stock gave multibagger returns of 158.6 per cent from its 52-week low till today’s intraday high. The Board of Directors of GG Engineering Ltd approved the conversion of 135 million previously issued warrants into the same number of equity shares for non-promoter investors. These investors had already paid 25 per cent of the issue price (Rs 1.32 per share).
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On May 03, 2024, foreign institutional investors (FII) offloaded shares worth Rs 2,391.98 crore, while domestic institutional investors (DII) bought shares worth Rs 690.52 crore. In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex moderately surging by 0.38 per cent, while Nifty also gained by 0.23 per cent.
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Investors can expect significant growth in the capex, manufacturing, and infrastructure development in this financial year, says Sneha Poddar, AVP, Motilal Oswal. She also talks about her outlook on the Indian IT sector, likely impact of interest rate cuts by RBI in the near future. She also suggests the mutual fund categories which young investors should invest into based on their risk appetite.
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