Thu, Feb 1, 2024 1:33 PM
Direct benefit transfer helps govt save Rs 2.7 lakh crore
A Flip by Shubhangi Gupta
Wall Street expected the energy sector to outperform every other sector this year after a rough 2023. Oilfield services providers SLB and Halliburton, along with oil producer APA Corp., were some of the S&P 500 stocks analysts forecast to rise the most this year. Instead, they all fell more than 28%. Oil prices were pressured in 2024 by record U.S. production and sluggish demand in China.
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MicroStrategy shares have gained more than 400% since the start of the year thanks to investor optimism about the software company's strategy of buying bitcoin as the cryptocurrency repeatedly hits record highs. The stock, while considered a proxy for bitcoin, has far outpaced the gains of the digital currency. Like bitcoin, it's also extremely volatile.
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Nava ltd, a ferro-alloy manufacturer, has secured shareholder approval for a stock split that will divide each equity share of ₹2 face value into two shares of ₹1 face value. The approval came via a postal ballot process concluded on December 21, 2024, as stated in an exchange filing. Nava Ltd has delivered remarkable returns in 2024, with its stock rising over 100% this year.
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