Heavy Buying: This multibagger IT company reports a 430 per cent jump in net profit and declares stellar dividend!
Heavy Buying: This multibagger IT company reports a 430 per cent jump in net profit and declares stellar dividend!

Heavy Buying: This multibagger IT company reports a 430 per cent jump in net profit and declares stellar dividend!

The stock is up by 70 per cent in 1 year, 250 per cent in 2 years and over 300 per cent in 5 years.

Kiran Shroff Article rating: 4.2

The company has a market cap of Rs 1,448.25 crore with a 3-year stock price CAGR of 51 per cent. The promoters of the company own 45.63 per cent of the shares, while FIIs own 5.16 per cent and DIIs own 0.12 per cent. The remaining 49.09 per cent of the shares are owned by the general public. Additionally, the stock is trading at 0.46 times its book value of Rs 676.

430 per cent jump in net profit: Multibagger IT stock hit 10 per cent upper circuit on stellar quarterly results!
430 per cent jump in net profit: Multibagger IT stock hit 10 per cent upper circuit on stellar quarterly results!

430 per cent jump in net profit: Multibagger IT stock hit 10 per cent upper circuit on stellar quarterly results!

The stock is up by 50 per cent in 1 year, 177 per cent in 2 years and over 280 per cent in 3 years.

Kiran Shroff Article rating: 3.7

The company has a market cap of Rs 1,288.13 crore with a 5-year stock price CAGR of 24 per cent. The promoters of the company own 45.63 per cent of the shares, while FIIs own 5.16 per cent and DIIs own 0.12 per cent. The remaining 49.09 per cent of the shares are owned by the general public. Additionally, the stock is trading at 0.38 times its book value of Rs 676.

Stocks below Rs 100: Only buyers seen in these scrips on June 7
Stocks below Rs 100: Only buyers seen in these scrips on June 7

Stocks below Rs 100: Only buyers seen in these scrips on June 7

At noon on Tuesday, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the markets globally fear that the onset of a recession is very near. Reserve Bank of Australia hiked its interest rates by 50 basis points (half a percentage) in a surprise move, which was a bolder move than was expected by the economists.  

Sayali Kotwal Article rating: 4.7

At noon on Tuesday, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the markets globally fear that the onset of a recession is very near.  

 Reserve Bank of Australia hiked its interest rates by 50 basis points (half a percentage) in a surprise move, which was a bolder move than was expected by the economists.  

Overnight Digest: Stocks to be kept an eye on May 20
Overnight Digest: Stocks to be kept an eye on May 20

Overnight Digest: Stocks to be kept an eye on May 20

On an intraday basis, India VIX jumped 10.15 per cent to settle at 24.56 level on Thursday.

Shreya Chaware Article rating: 3.7

Due to the global sell-off, the Indian equity markets traded under pressure with Sensex rattling 1,416.30 points or 2.61 per cent ending at 52,792.23 level while Nifty declining 430.90 points or 2.65 per cent at 15,809.40 level.  

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