Wed, Feb 14, 2024 1:31 PM
SpiceJet shares fall over 4% as investors remain concerned of fund infusion
A Flip by Shubhangi Gupta
Noida-based real estate developer CRC Group will invest Rs 525 crore to develop an ultra-luxury residential project named ‘CRC Maesta’ with projected sales revenue of Rs 800 crore. CRC Group has collaborated with Padma Shri awarded architect Hafeez Contractor for the designing of the project, which is located in Sector 1, Greater Noida West.
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On Wednesday, shares of the solar company Insolation Energy Ltd gained 5.3 per cent and made a new 52-week high of Rs 4,470 per share from its previous closing of Rs 4,245. The stock gave multibagger returns of 150 per cent in just 6 months and a whopping 620 per cent in 1 year. The shares of the company saw a spurt in volume by more than 1.15 times on BSE.
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Today, shares of Nibe Ltd hit the upper circuit and finally closed at around Rs 1933.30 per share. The company’s current market cap stands at Rs 2538.65 crore. The stock has delivered a multibagger return of over 275 per cent in just 1 year. As per the Quarterly Results, in Q1 FY25, Nibe Ltd recorded a revenue of Rs 109.28 crore compared to Rs 25.75 crore representing a gain of 324%.
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