Wed, Nov 6, 2024 12:53 PM
₹3.50 to ₹45.50: Penny stock turns multibagger. Rises 1200% in 7 years
A Flip by Shubhangi Gupta
In 2022, the Securities and Exchange Board of India (Sebi) laid down several guidelines to bring online bond platforms, or OBPs, under a regulatory framework to allow retail or individual investors to buy and sell bonds in a fair and transparent manner. For example, Sebi prohibited OBPs from offering unlisted bonds, as listed bonds are required to meet tighter disclosure rules.
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On Wednesday, shares of Mazagon Dock Shipbuilders Limited (MDL) gained 3.18 per cent to Rs 4,348.45 per share from its previous closing of Rs 4,194.90. The stock’s 52-week high of Rs 5,859.95 while its 52-week low is Rs 1,797.10. According to its Quarterly Results, the net sales increased by 51% to Rs 2,756.8 crore and net profit increased by 82% to Rs 552.8 crore in Q2FY25 compared to Q2FY24.
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The Singapore government is cementing its place as the largest FPI in the Indian market, with its sovereign fund’s India assets now standing roughly at the same level as the next two funds put together. At the end of the September quarter, Singapore government held shares worth Rs 2.69 lakh crore compared to Norges Bank, which was in second place, with Rs 1.42 lakh crore.
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