Thu, Dec 29, 2022 9:45 PM
Shankar Sharma stock that surged 2500% last year now among worst performer
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Intel's 60% year-to-date decline is due to its lackluster performance and sizable losses, with widening losses, significant cash burn, and poor execution making it a value trap. Intel's financial instability and past missteps outweigh its low valuation, and its suspension of dividends and operational delays add to concerns, making a turnaround uncertain.
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Domestic institutional investors (DIIs) net sold shares worth Rs 1,801 crore while foreign institutional investors (FIIs) net bought stocks worth Rs 7,695 crore on September 12, provisional data from the NSE showed. Indian benchmark indices, the Sensex and the Nifty, surged to touch all-time highs of 83,116 and 25,433, respectively. DIIs bought shares worth Rs 13,691 crore.
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Oil and Natural Gas Corporation (ONGC) has increased its shareholding in ONGC Petro additions Limited (OPaL) to 91.16%, following the conversion of Compulsorily Convertible Debentures (CCDs). What Happened: The announcement was made by ONGC on Thursday evening. The company’s board had approved the buy-back of CCDs issued by OPaL worth ₹7,778 crore in three tranches from financial institutions.
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