Bigbloc Construction Ltd.'s shares surged 9% after the company announced its board will consider issuing bonus shares at its July 19 meeting. The board will also discuss increasing the company's authorized capital. This is the first bonus share issue for the company, which aims to capitalize on its free reserves and increase earnings per share and paid-up capital.
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Experion Developers, a fully FDI-funded firm, has acquired a 7.81-acre land in Gurugram for Rs 400 crore to develop a real estate project with a built-up area of 3 million square feet. This acquisition is part of the company's expansion plans, following its Rs 1,500 crore investment in a luxury housing project 'Experion Elements' in Noida, where it is developing 320 housing units.
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The S&P 500 has produced a total return of 15.3% through June 2024, driven mainly by five stocks: 📌Nvidia, 📌Microsoft, 📌Alphabet, 📌Amazon, and 📌Meta Platforms, which account for 63% of the index's market capitalization increase. These companies have invested heavily in artificial intelligence, cloud platforms, and data centers, leading to their dominance in the market.
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