GAGA Share Market News

[hfe_template id='11223'] [ad_1] PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period. The correction over the last six months has taken some sheen out of the PSU counters. However, their rise over two-and-half years prior to October has been so prolific that the 2-year and 3-year returns of the BSE PSU index are still at 82% and 104%, respectively. "Over the past two years, PSU stocks have delivered an impressive rally, driven by the government’s aggressive capex push and structural reforms. The BSE PSU Index surged over 80% from 2022 to early 2024, with sectors lik...

[hfe_template id='11223'] [ad_1] Shares of multibagger stock Tara Chand InfraLogistic Solutions are likely to remain in focus today as the company had announced a stock split in the ratio 10:2 and fixed December 5 as the record date for determining shareholder eligibility. This means today is the last day to buy the stock to be eligible for the stock split. “This is in continuation to our intimation dated November 13, 2024 regarding Sub-division/Split of Equity Shares of the face value of Rs. 10/- each into Equity Shares of the face value of Rs. 2/- each with effect from Thursday, December 05, 2024 (“Record Date”),” said the company in an exchange filing. Tara Chand InfraLogistic Solutions will be splitting its stock from a face value of Rs 10 per share to Rs 2 per share and the share would be trading on an ex-split basis from December 5. This means today is the last day to buy the shares of the company to be eligible for the said stock split as after the implementation ...

[hfe_template id='11223'] [ad_1] Shares of small cap multibagger stock Grovy India are likely to remain in focus today as the company had fixed October 22 as the record date for the purpose of its 3:1 bonus share issue. “This is to inform you that the Company has fixed Wednesday, 23rd October, 2024 as the Record Date for the purpose of ascertaining the shareholders eligible for allotment of Bonus Shares in the ratio of 3:1, i.e. 3 (Three) Bonus Equity Shares of Re. 10/- each fully paid-up for every 1 (one) existing Equity Share of Re. 10/- each held as on the above mentioned record date,” the company said in a filing to the stock exchanges. According to the data available on Trendlyne, this is the first ever instance of the company issuing bonus shares to its shareholders. Companies typically issue bonus shares to utilize their free reserves, boost Earnings Per Share (EPS), and expand paid-up capital while reducing reserves. These shares, often called free shares, are di...