Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.
Nifty hits a record high while Sensex surges 1,200 points, fuelled by RBI s Rs 2.1 lakh crore dividend for the government. Analysts anticipate positive macroeconomic effects, including potential fiscal deficit reduction and infrastructure spending boost.
HBL Power Systems has seen a remarkable gain of 394% in the past year, with long-term investors enjoying staggering returns of 1254% in three years and 2143% in five years. The stock has surged by 5367% in a decade, consistently delivering positive annual returns.
Welspun Enterprises shares surged 8.6% during intraday trading, settling with a 6.54% gain. The company secured a major project worth Rs. 1,864.71 crore in Maharashtra. Despite revenue and profit decline in FY24, it exceeded margin guidance, boasting a record order book for FY25.