Sanlam Life Insurance sells shares in Shriram Finance and RateGain Travel Technologies, maintaining stability in promoter shareholdings. Shriram Finance offers vehicle credit solutions, and RateGain provides SaaS solutions for the travel industry.
Get latest articles and stories on Latest News at LatestLY. Sanlam Life Insurance one of the promoters of Shriram Finance on Thursday offloaded shares for Rs 1,427 crore through an open market transaction. Latest News | Promoter of Shriram Finance Sold over 59 Lakh Shares for Rs 1,427 Crore.
Rategain Travel: Over the past year, the company has witnessed steady growth in its shares, soaring from ₹325 apiece to the current trading price of ₹781.95, resulting in a multibagger return of 140%.
RateGain Travel Technologies stock gained 2.97% to Rs 7878.15 against the previous close of Rs 764.65 on BSE. RateGain Travel Technologies market cap rose to Rs 9108.90 crore.
The Nifty Microcap 250 index has surged over 100% in FY24, while during the same period, the Nifty50 index has gained 27%. It s noteworthy to know that 96 out of the 250 stocks in the microcap index have become multibaggers in FY24, and in fact, 192 stocks have outperformed the Nifty Microcap index during this time frame.