Fri, Sep 15, 2023 3:47 PM
Vodafone Idea, NMDC, 6 other mid cap stocks hit 52-week highs on Friday
A Flip by Bhavya Sabharwal
Motilal Oswal Mutual Fund boasts of some top-performing funds. Its mid-cap fund has consistently delivered impressive returns over the past 10 years. But the fund house itself has been floundering for the last many years, with its growth style of investing taking a brutal beating. This period also marked the departures of some key people. Fund managers took advantage of the situation.
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Bajaj Consumer on Wednesday announced a ₹166.5 crore buyback of up to 57.41 lakh equity shares through a tender offer at a price of ₹290 — a premium of 11% — against today's closing price of ₹260. The board has approved a buyback of up to 57,41,000 equity shares of the company, representing 4.02% of the total number of equity shares, which will be brought back from the equity shareholders.
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DoorDash (NASDAQ: DASH) stock came public at the end of 2020 at $102 per share. The initial public offering (IPO) was perhaps slightly opportunistic, considering its food delivery business was benefiting greatly from pandemic-era lockdowns and social restrictions.The company was consistently delivering triple-digit-percentage growth in its revenue, so it's no surprise the stock soared.
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