The secret to happiness indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
The market rally was boosted by recovery in macroeconomic numbers, consistent buying by retail investors, good earnings and increased pace of vaccination
Nestle India: The FMCG major reported a 10.68 per cent increase in its net profit to Rs 538.58 crore for the second quarter ended June 30, driven largely by an increase in sales volume of key products. The company, which follows the January-December financial year, had posted a net profit of Rs 486.60 crore in the corresponding period last year.
Maruti Suzuki India: The country s largest carmaker MSI reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. The auto major had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21.
HDFC: The country s largest mortgage lender HDFC said it has enhanced its existing limit to raise capital through medium-term notes to up to $2.8 billion (about Rs 20,875.65 crore).
Happiest Minds Technologies is among Asia s Top 100 Great Places to Work 2021 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Mumbai: Investors who have put in money in companies making a debut on the stock market over the last one year and remained invested are likely to have made a small fortune. Data compiled by ETIG Database show that out of the 38 companies that have listed on the main exchanges in the last one year, 34, or nearly 90% of them, are trading above their final offer prices. Happiest Minds Technologies has gained close to 800% over its issue price.
Cloud communications service provider Route Mobile is the second-highest gainer rallying over 500% since listing in September. It is one of the two stocks which have seen more than 500% gain over issue price since listing in the last one year. Overall, 10 companies have gained over 100% from their IPO prices. Around half of these 38 companies have gained at least 50%.