Vietnam's VN 30 is the only index that has gained more than Nifty 50 in the past one year by clocking returns greater than 84 per cent. Nifty 50, however, has underperformed several of its peers in the developed markets with FTSE 100, DAX, CAC 40, IBEX 35, and FTSE MIB & S&P 500 doing better. 

The stock is again entering the breakout zone with good volumes under the circumstances where the IT stocks are outperforming and making new highs for themselves. Tech Mahindra, Wipro, and Infosys put together are pushing Nifty IT index higher along with TCS. 

Nelco is engaged in the business of network systems as well as automation & control. The company has a good return on equity (ROE) track record: Three years ROE - 25.39 per cent and has reduced debt while maintaining a healthy dividend payout of 25.82 per cent. 

"Higher volumes (and revenues) and a strong control on our conversion cost as well as fixed costs have led to strong operating leverage for us, which is visible in our margins as well as profits!" says Sunil Chordia, Chairman and Managing Director, Rajratan Global Wire Ltd.

BSE has setup a wholly owned subsidiary company 'BSE Administration & Supervision Ltd.' (BASL) for carrying out the administration and supervision activities of all SEBI-registered investment advisors (RIA). BASL (https://www.bseasl.com/ria/index.html) has received recognition from the Securities and Exchange Board of India (SEBI) to administer and supervise Investment Advisors (IAs) registered with SEBI and commenced its operation from June 1, 2021.

Nifty Pharma Index, after underperforming for most of 2021, managed to make life highs for itself on Friday’s trading session. Nifty Pharma Index inched up by 11.25 per cent on YTD basis while in one year the index was up by nearly 45 per cent. 

Housing finance companies (HFCs) are on a roll on the bourses with several HFCs outperforming the markets. HUDCO is one stock that is joining the party late. 

The metal producer company, Shyam Metalics & Energy Limited (SMEL) is coming out with its IPO. Read onto find out if you should subscribe to the issue.

The automotive technology company, Sona BLW Precision Forgings (Sona Comstar) is coming out with its IPO. Read onto find out if you should subscribe to the issue.

Tata Consultancy Services (TCS), a leading provider of IT services, consulting & business solutions, announced today that it has designed a novel customer engagement process for Alcatel-Lucent Enterprise (ALE), a software company headquartered in Colombes (France).