Data available from corporate database ACE Equity shows that Nifty India Defence index has surged 142% in the 12-month period. The index has significantly outperformed the equity benchmark Nifty50 that has given 26% return in the same duration
Union Bank, Maruti Suzuki India, PI Industries Ltd, Karur Vyasa Bank, Data Patterns India, FSN E-Commerce, State Bank of India and Adani Enterprises Ltd were some of the stocks where private life insurers upped exposure in February.
There were no big-bang announcements, but the fact that the government is indirectly trying to cool interest rates in the system by curbing its borrowings is something the market should be happy about
Action Construction Equipment (Re 1/share), Benares Hotels (Rs 20/share), Bharat Electronics (Rs 0.6/share), Relaxo Footwears (Rs 2.5/share), Shilchar Technologies (Rs 10/share), The J&K Bank (Rs 0.5/share), Vedant Fashion (Rs 9/share), V-Guard Industries, The South Indian Bank, and Industrial & Prudential Investment Company will trade ex-dividend on August 17.