Fri, Jul 5, 2024 4:23 PM
Market cap of BSE-listed companies hits record high of ₹450 lakh crore
A Flip by Shubhangi Gupta
Servotech Power Systems' share price has surged over 15% in a month, from ₹84.50 to ₹97.43, with a 10% upper circuit on Monday. The EV charging solution provider has a market cap of ₹2,457 crore and a 52-week high of ₹107.55. The company recently launched a solar-powered EV charging carport and announced an ESOP scheme for employees, granting 20,094 options convertible to equity shares.
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Marine Electricals has secured orders amounting to Rs 50 crore (Approx. - Excluding Taxes) from DC Development Hyderabad Ltd for the supply of FIM LV Panels and Skid for the HYD20 expansion (DC 2 & 3), totalling 28.8 MW. The stock has delivered a multibagger return of around 310% in just 1 year. Moreover, the company’s stock hit the upper circuit today.
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Three high-quality REITs, Agree Realty, Realty Income, and Alexandria Real Estate, are undervalued due to higher interest rates, offering buying opportunities. Agree Realty has a 4.8% dividend yield, 15x estimated 2024 cash profits, and a healthy 73% payout ratio. Realty Income yields 6% with a 12x estimated FFO and a 75% payout ratio.
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