Debt-free small-cap stock hits a lifetime high, rises over 30% in December

Debt-free small-cap stock hits a lifetime high, rises over 30% in December

On Wednesday, December 4, Lincoln Pharmaceuticals experienced a 20 per cent rise in intraday trading on the BSE, reaching its upper circuit and a record high of ₹904.90. The price of Lincoln Pharma’s shares soared 20% to reach an all-time high, opening at ₹782.90 from its previous closing of ₹754.10. Just three sessions in December…

Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%

Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%

Reports that the government may raise the Goods and Services Tax (GST) on cigarettes, tobacco, and aerated drinks caused shares of cigarette company ITC and aerated drink business Varun Beverages to drop up to 5% on the BSE during Tuesday’s intraday trading in an otherwise bullish market. In intraday trading, Varun Beverages’ shares fell 5%…

2600% return in 5-year! AGI Infra board declares 1:2 stock split

2600% return in 5-year! AGI Infra board declares 1:2 stock split

AGI Infra Ltd., a well-known brand in construction and real estate, announced a 1:2 stock split, which sparked a lot of market interest. Following the announcement, the company’s shares increased 2.61 per cent on Monday, closing at ₹1,650.50. This is the first time that AGI Infra has split its stock, a move meant to increase…

HDFC Bank share price hits record high; market-cap crosses ₹14 lakh crore

HDFC Bank share price hits record high; market-cap crosses ₹14 lakh crore

Strong purchasing momentum caused HDFC Bank’s share price to rise more than 1% on Tuesday, setting a new record high. The price of HDFC Bank’s shares on the NSE increased 1.8% from the previous close to reach its all-time high of ₹1,837.40 per share. With today’s share price advances, HDFC Bank’s market capitalization regained the…

India’s GDP shocker seen adding to troubles for stock market

India’s GDP shocker seen adding to troubles for stock market

Many were taken aback by India’s gross domestic product (GDP) numbers for the current fiscal year’s July–September quarter. At 5.4%, the Q2FY25 GDP growth rate was the lowest in almost two years. Although the economy grew by 6.7% in Q1FY25, India’s GDP rose by an amazing 8.1% in the same quarter last year. Notably, for…

Wall Street Holiday: Nasdaq, NYSE to remain closed on these days in December

Wall Street Holiday: Nasdaq, NYSE to remain closed on these days in December

The US financial markets will be closed on Wednesday, December 25, and early on Tuesday, December 24, in observance of the Christmas holiday. Both the Nasdaq Stock Exchange and the New York Stock Exchange (NYSE) will be closed on December 25th, per the Securities Industry and Financial Markets Association (SIFMA) and the official Nasdaq holiday…

Adani Green shares rises 9%: Key Factors driving 50% gains in 4 sessions

Adani Green shares rises 9%: Key Factors driving 50% gains in 4 sessions

The price of Adani Green Energy’s stock increased by as much as 9% during Monday’s early trading. In addition to gains in the previous three sessions, the stock increased by about 50% in the previous four. Monday’s opening price of ₹1364.00 for Adani Green Energy shares on the BSE was about 3% higher than the…