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The Indian IT sector faces significant headwinds as global demand has declined due to macroeconomic slowdown. This has reflected in shrinking of profits and margins of major India IT players like TCS, Wipro, HCLTech, etc.
Sugar stocks have rallied up to 40% in the last one month. Major sugar stocks, including Balrampur Chini Mills, Dalmia Bharat Sugar, Triveni Engineering and Dwarikesh Sugar jumped as much as 12% on Thursday to hit 52-week highs. Will the rally in Sugar stocks turn sweeter, and should you buy sugar stocks? Watch this Visual Story to see what analysts say.
Out of the 45 stocks (with a market capitalisation of over Rs 500 crore) which had TTM PE multiples of over 100 a year ago, only 20 of them have given negative returns in the last one year. In fact, three of them - Zen Technologies, PTC Industries and Premier Explosives - have gone on to deliver multibagger returns and remain in the high PE zone even today.
Titagarh Rail share price: The stock was last seen trading 0.35 per cent lower at Rs 752 in Thursday's trade. At this price, the scrip was down 13.23 per cent from its one-year high price of Rs 866.70, a level seen on September 4, 2023. Despite the mentioned dip, the multibagger counter has gained 451.12 per cent from its 52-week low of Rs 136.45, hit on September 28 last year.
Multibagger Stocks: Railway stocks have been in an uptrend in 2023. Shares of railways-linked companies such as IRFC, RVNL, RailTel, Jupiter Wagons, and others have delivered multibagger returns to investors. Watch this Visual Story to check multibagger railway stocks that have zoomed up to 260% so far in 2023.