PDS operates as a fashion infrastructure company with a unique business model, offering sourcing, manufacturing, brand management, and investment services. The company serves global retailers such as ASDA, Matalan, and TESCO, and is expected to achieve a 20% revenue CAGR over FY24–27E.
In today's trade, the stock hit a new 52-week high of ₹219.70 apiece following India Ratings and Research (Ind-Ra) upgrading the company outlook to ‘positive’ from ‘stable’ while maintaining the long-term issuer rating at 'IND A plus.'
Shakti Pumps stock has gained 44% in the current month so far and has consistently shown an upward trend since March 2023, delivering a remarkable return of 264% in less than a year. Shakti Pumps reported its highest ever revenue and profitability in Q3FY24.
According to a study by ETMarkets, FIIs have consistently increased their holdings in 86 smallcap stocks listed on the BSE through the last four quarters
Steel Strips Wheels shares have strengthened 442% in the past three years, currently trading at ₹274.30 apiece, while the Nifty Smallcap 100 index gained 116% in the same period.
Rama Steel Tubes' board of directors approved the issuance of bonus shares in a 2:1 ratio, pending approval from company members through a postal ballot. The record date for eligible shareholders will be determined later.
Angel One shares witness another 5% intraday decline, resulting in a cumulative loss of 20% in share value since the announcement of its Q3FY24 results. Keynote Capitals downgraded Angel One's rating to 'sell' from earlier 'buy'.
Shares of penny stock Ceenik Exports have given phenomenal returns to their investors in the last 1 year. The stock has delivered a whopping 1,096 percent return to its new high of ₹147.70 currently from ₹12.35 in January 2023.
IRFC has joined the league of Indian PSU firms with a market capitalization exceeding ₹2 lakh crore, making it the ninth company to achieve this milestone.