Tue, Jul 2, 2024 10:15 AM
Investors shrug off Hindenburg response, Adani Group stocks Adani Ent
A Flip by Riya Sharma
The stock has surged 60% from its 52-week low of ₹32.20 per share, delivering multibagger returns of over 450% in just 3 years, indicating a significant appreciation in its value. NHC Foods Ltd is undergoing a stock split where each existing equity share with a face value of Rs 10 will be subdivided into 10 shares with a face value of Re 1 each. This means shareholders will receive 10 new shares.
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The company boasts a substantial market capitalization of over Rs 5,600 crore, accompanied by an impressive profit growth of 20% Compound Annual Growth Rate (CAGR) over the past five years, indicating a strong financial performance. The Centre for Development of Advanced Computing (C-DAC) is taking a major step towards India's self-reliance in high-performance computing (HPC) technology.
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The USFDA issued a warning letter to Sun Pharma's Managing Director, citing failures in cleaning and maintaining equipment at its Dadra site, resulting in substantial violations of Current Good Manufacturing Practice regulations. The company's inquiries into out-of-spec results lacked scientific justification, and they failed to thoroughly investigate batch discrepancies.
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