Sun, May 19, 2024 5:52 PM
China allocates billions of dollars to bailout its crisis-hit property
A Flip by Riya Sharma
Indian markets experienced selling pressure throughout the week amid muted global sentiments and profit taking in overheated segments at higher levels. During the week, about 45 smallcap stocks have delivered double digit weekly returns with four of them offering over 25% returns. Rama Steel Tubes was the top gainer in the smallcap pack with nearly 60% return.
Open Flip
Zscaler's stock plummeted 27% after the company issued disappointing guidance, despite strong fiscal Q4 results, with revenue up 30% and adjusted EPS up 38%. However, the company's lowered EPS forecast due to new products with lower initial gross margins triggered the sell-off, making the stock a potential buy on the dip.
Open Flip
📌Derive Trading & Resorts Private Limited sold 1.29 lakh shares or a 0.81 percent stake in VST Industries for an average price of Rs 480.57 via a bulk deal on September 6.And SBI Mutual Fund sold 4.47 lakh shares or a 2.89 percent stake in VST Industries for an average price of Rs 485.35. 📌Morgan Stanley Asia (Singapore) Pte bought 3.08 lakh shares in Indigo Paints.
Open Flip
