Shares of Astral Poly Technik advanced 5 per cent to Rs 2,332 on the BSE in Monday s intra-day trade after the company said it has fixed March 19 as the record date for the 1:3 bonus share issue. The stock of the plastic products manufacture surpassed its previous high of Rs 2,249.95 touched on March 2. “The company has fixed Friday, March 19, 2021, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares in the proportion of 1 equity share of Re 1 each for every 3 existing equity shares of Re 1 each, subject to the approval of shareholders which is being obtained through postal ballot,” Astral Poly Technik said in an exchange filing.
Delhi investor fraud: Two FIRs registered at Chanakyapuri Police Station ANI | Updated: Mar 04, 2021 14:33 IST
New Delhi [India], March 4 (ANI): Two FIRs have been registered at the Chanakyapuri Police Station here against Rajesh Ambwani who allegedly allured investors to invest in the share market and committed fraud upon them by falsely claiming himself to be an IIT professor and alumni of Indian Institute of Technology, Delhi.
The victims of the fraud namely Gurmanak Sahni and Jagrit Sahni are businessmen residing in New Friends Colony in the national capital.
As per the FIR details given by Gurumanak, Rajesh Ambwani along with Saloni Singh, falsely induced him to open a trading account with M/s Edelweiss Broking Ltd. The accused then hatched a plan to misuse and cheat Gurumanak with the capital amount of Rs 25 lakhs deposited in the said trading account.
Shares of Steel Authority of India (SAIL) rose 5 per cent to hit an over two-year high of Rs 67.85 on the BSE in Wednesday s session amid expectations of further improvement in performance due to the realisation of uptick in the domestic market and progressively lower proportion of exports. The stock of the state-owned company was trading at its highest level since November 2018. In the past two months, the share price of the stock has more-than-doubled after the company reported a consolidated net profit of Rs 437 crore in the July-September quarter (Q2FY21) on back of strong operational performance. It had posted a net loss of Rs 286 crore in the same quarter of previous fiscal and a loss of Rs 1,226 crore in the June quarter (Q1FY21). The company s consolidated revenue from operations grew 20 per cent to Rs 16,925 crore from Rs 14,128 crore in the year-ago quarter.
Pricey, yes, but Indian stocks not in bubble zone
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The contrast between the euphoric Indian equity market and anaemic underlying economic growth is getting sharper by the day. While profits of most firms have been severely impacted this year, stock market indexes are near all-time highs. In fact, with the BSE Sensex at record highs of 47,000, talk of profit-booking is now commonplace.
Indeed, this is also reflected in the increasing levels of redemptions from Indian mutual funds.
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. 27 Mar 2021
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