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Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.
Shares of Tata Power Company hit a record high in early deals. Tata Power shares surged 1.87% to a high of Rs 457.50 against the previous close of Rs 449.10 on BSE. Market cap of Tata Power climbed to Rs 1.45 lakh crore on BSE. A total of 3.17 lakh shares of the firm changed hands amounting to a turnover of Rs 14.38 crore. Tata Power stock declined to a 52-week low of Rs 199.35 on May 5, 2023. The power sector stock has gained 39% in 2024 and risen 127% in a year.
However, apart from these well-known blue chips, LIC has also invested in some lesser-known stocks that have yielded handsome returns. Select 10 stocks in LIC's portfolio have given multibagger returns in the last 12 months.
Sterling & Wilson Renewable Energy's shares surged 114% in less than six months, driven by enhanced financial performance. Here are the factors driving the stock's multibagger returns.
Jhandewalas Foods, previously a penny stock, has delivered multibagger returns, soaring over 1,932% in the past year and 310% year-to-date in 2024.