Stay updated with breaking news from Algoquant fintech. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A mini storm appears to be brewing in the smallcap equities market after the Enforcement Director seized the assets of several entities for their alleged involvement in the Mahadev betting scam ....
The Sensex has surged over 12% in the past five months, with 90 stocks on the BSE gaining over 100%. Seven smallcap stocks have consistently recorded monthly gains of 10%. Market experts attribute the rally to robust corporate performances, positive economic indicators, and increased investor confidence. Sebi has expressed concern over the unfiltered rally in smallcap space. ....
According to the ED, Tibrewala has been laundering the proceeds from the betting operations by investing the money in shares of companies listed on the BSE and NSE. ....
India Inc s December quarter earnings showed weakening profit momentum at an overall level but we filtered out a list of 16 smallcap companies which reported over 100% growth in sales and profit on a YoY basis. Waaree Renewable Technologies, Advait Infratech, Cressanda Railway Solutions, and Swelect Energy Systems were among the top performers. 14 out of 16 of these stocks have already given multibagger returns in last one year. ....