Tue, Oct 22, 2024 4:05 PM
Gainers & Losers: 10 stocks that moved the most on October 22
A Flip by Avya Verma
Thrissur-based gold lender Dhanlaxmi Bank has announced a proposed rights issue to raise up to ₹300 crores (approximately $36 million) by issuing equity shares to its existing eligible shareholders. The decision was made during a board meeting held on October 22, 2024. This rights issue aims to strengthen the bank's capital base and is part of a broader strategy to enhance financial stability.
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💰Top Gainers: Poly Medicure (up 3.50%), Varun Beverages (up 2.78%), Hindustan Zinc (up 2.37%), Tube Investments Of India (up 2.08%), City Union Bank (up 11.77%) 💰Top Losers: Aditya Birla Real Estate (down 9.72%), HFCL (down 7.48%), Finolex Industries (down 7.44%), NLC India (down 7.21%), Punjab National Bank (down 7.18%)
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Gold prices have surged to new heights this year. In January, gold started at $2,058 per ounce. It dipped to $1,992 per ounce in February but reached an all-time high of $2,740 per ounce in October. This increase translates to a 38% gain in global markets. In India, gold prices also soared, hitting ₹78,500 per 10 grams, marking a 29% rise.
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