Sat, Jun 3, 2023 5:24 PM
Gold prices rose on signs of a June pause; 25 bps hike likely
A Flip by Gaurav
MOIL, India's leading manganese ore producer, continued its upward trajectory for the fifth consecutive trading session on Friday, reaching a new all-time high of ₹443 per share with a gain of 2.5%. In the last four trading sessions alone, the stock has surged by an impressive 31.30%. Since hitting its lows in March 2024, the stock has seen a remarkable 61% increase in value.
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Tesla (NASDAQ:TSLA) surged after posting its Q1-2024 results. The stock rallied by 12% after its earnings were released and added an additional 5% the day after. Despite the notable two-day rally, shares are still down by more than 30% year-to-date. I am bearish on the stock and believe that its year-to-date trend is a better indicator of what’s to come than the stock’s recent post-earnings rally.
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Shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to Rs 263.10 per share from its previous closing of Rs 250.60. The stock gave multibagger returns of 198.5 per cent from its 52-week low of Rs 88.15 per share. A small and medium enterprise (SME) stock is being traded in a lot of 1,200 shares. At a price of Rs 263.10 per share, the total cost of this lot is Rs 3,15,720.
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