Fri, Apr 19, 2024 11:51 AM
Russia squeezes Mideast, OPEC shares in India's oil market
A Flip by Riya Sharma
American Express (NYSE:AXP) is one of the few stocks that offers growth at a reasonable price (GARP). For instance, the company’s 19.1x P/E ratio isn’t overstretched, and financial growth is strong for the credit and debit card giant. While the company has been a GARP play for quite some time, its recent earnings report offers additional optimism.
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From Rs 92.55 per share (52-week low) to Rs 292 per share, the stock gave multibagger returns of 215.5 per cent in just 1 year whereas BSE Small-Cap Index is up by 63 per cent. Today, shares of Balu Forge Industries Ltd gained 5.36 per cent to Rs 292 per share from its previous closing of Rs 277.15 per share. The stock’s 52-week high is Rs 307 and its 52-week low is Rs 92.55.
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Tata Motors‘ share price was up for the third straight session as the company posted its sales numbers for the month of April. What Happened: The auto giant reported a year-on-year increase of 11.5% in total wholesales for April, reaching 77,521 units compared to 69,599 units in April 2023. The company’s total domestic sales also saw a rise of 12%.
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