Page 8 - Multibagger Stock News Today

Domestic brokerage firm Axis Securities has said that the sector outlook is positive and that the company is on its path to enhancing its capacity to 1MT by FY25.

Shares of Tempest have come off that high in the two latest trading sessions as investor enthusiasm moderated and a broader market selloff in risky assets batters the high-risk biotechnology sector. The firms market value of $49 million on Friday remains more than 15-fold of what it was, before the jump.

If an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to nearly Rs 6.5 lakh, according to an analysis by ET Markets. In the last five-year period, the shares have jumped nearly 623% and about 374% in the past three years.

The bidding procedure for smart meters has already started in many State Electricity Boards (SEBs), demonstrating the benefits of the Reforms-Based, Result-Linked Power Distribution Sector Scheme.

In addition to it, the board has finalised the allotment of 50,00,000 (50 lakh) fully convertible warrants for cash at an issue price of Rs 183.60 per warrant

The company has fixed October 13 as the record date for the purpose of ascertaining the eligibility of shareholders entitled for issue of bonus shares. The proposed bonus issue is was already approved at the annual general meeting of the company.

IRFC has outperformed not just Nifty50 which has given 13% returns, but has also left behind many of its peers by a huge margin, namely Ircon International (259%), RITES (42%), RailTel (106%), Texmaco (11%) and Titagarh Rail (65%). It is trailing Rail Vikas Nigam (RVNL) which has yielded 379% returns during this period.

LT Foods is an FMCG company in the consumer food space. It is a leading player globally in the speciality rice and rice-based foods business. The companys flagship brands include ‘Daawat, one of Indias leading Basmati brands, ‘Royal, which is North Americas top Basmati player and many more.

According to the latest shareholding pattern available with the exchanges, as of 30 June 2023, 61.6% of the companys shareholding is with the promoter & promoter group, and 38.4% with the public.

As per Trendlyne data, the average target price of the stock is Rs 1,055, which shows an upside potential of 8% from the current market prices. The consensus recommendation from 3 analysts for the stock is a Strong Buy.