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Representatives of General Atomics Corporation held talks in New Delhi on the supply of a batch of MQ-9B Sky Guardian reconnaissance unmanned aerial vehicles (UAVs) to the Indian Armed Forces in the amount of $3.99 billion, Azernews reports.
231 smallcaps suffer double-digit losses as investors 'sell in May'. Will they come back in June? The stock market cliche of 'sell in May and go away' proved true this year amid general election uncertainties. Concerns over BJP's election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.
Phillip Capital predicts BJP-led NDA's re-election in 2024, dismissing concerns over low voter turnout. The brokerage firm sees three scenarios for Lok Sabha election outcome, all pointing towards NDA retaining power.
But nonetheless, I think even when it has not performed so much, I think if somebody has to put fresh money, I think it surely makes a lot of sense given the performance, valuation comfort, I do not see much of a challenge over there. And recently, the fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months.
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.47 per cent and 19.82 per cent, respectively.