At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 122.12 points or 0.2 per cent.

Interestingly, the company also managed to turn its year-ago quarter’s net loss of Rs 29 crore into a profit of Rs 15 crore for Q1 of FY2023.

The small-cap index witnessed intense buying in SpiceJet, Navneet Education Ltd, and TVS Srichakra Ltd, all of which, surged more than 11 per cent.  

It has gained about 417 per cent in the last six months while its shareholders enjoyed returns of 128 per cent in just one month!  

On Wednesday, in a tight competition between bulls and bears, the bears finally showed a winning streak and the benchmark indices closed higher. For the domestic market, the major event investors are eyeing this week is the RBI’s policy meeting outcome. 
 

The stock zoomed in the limelight on the possibility of a partial stake sale by its promoter Ajay Singh who holds 59.4 per cent of the equity capital of the company. The company’s poor financial standing makes a strong case for urgent funding to maintain its operations. 

The export-oriented sectors like information technology and pharmaceutical stocks perform well. However, this time around, there is another sector that has caught investors’ interest.   

On the options front, the 17,300 PE (August 4 Series) option saw maximum addition for the day i.e. nearly 25 lakh shares were added at this strike price, which took the total open interest at this strike above 72 lakh shares. Meanwhile, on the CE side, maximum open interest was seen around 17,500 strike price

The hospital business, in the next 3-4 years, would quadruple from its present level with the existing bed capacity and without the projected addition of additional facilities, asserts Shanay Shah, President, Shalby Ltd. 

The company’s EBITDA figure showcased a staggering YOY growth of 1836 per cent