Laxmi Organic Industries rises on getting nod to set up WOS company in US
Laxmi Organic Industries is currently trading at Rs. 223.00, up by 3.15 points or 1.43% from its previous closing of Rs. 219.85 on the BSE.
The scrip opened at Rs. 221.95 and has touched a high and low of Rs. 225.80 and Rs. 221.10 respectively. So far 46776 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 237.85 on 04-May-2021 and a 52 week low of Rs. 143.00 on 25-Mar-2021.
Last one week high and low of the scrip stood at Rs. 227.00 and Rs. 216.15 respectively. The current market cap of the company is Rs. 5871.77 crore.
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NEW DELHI: As the domestic stock market came under selling pressure in April, fund managers at ICICI Prudential Mutual Fund got busy buying oil & gas explorers and select midcap names in April even as they rushed to completely exit some of the recent debutant stocks.
The team led by S Naren bought nearly 5 crore shares of Hathway Cable & Datacom, which came out with an impressive earnings report for March quarter. Recently, Reliance Industries also sold some shares in the firm to trim its overall stake.
Besides the Reliance group firm, India s second largest fund house also bought 1-3 crore shares of ONGC, Ashok Leyland, JM Financial and Axis Bank. The first two are being seen as re-rating candidates ahead of the emerging growth cycle.
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NEW DELHI: Rate sensitive stocks in sectors such as auto, realty and banks were trading higher as the six-member monetary policy committee (MPC) of the Reserve Bank of India, headed by Governor Shaktikanta Das, on Wednesday maintained status quo on the policy rates.
The decision comes in the backdrop of a second wave of COVID-19 infections that has raised concerns over economic recovery.
Economists had expected the MPC to stand pat on policy rate as well as on growth projections for this financial year. The rate-setting panel also decided to stick with its “accommodative” monetary policy stance for “as long as necessary”.