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Tata Investments shares have risen by more than 63 percent on year-to-date basis. Tata Investment Corporation Ltd is primarily engaged in the business of investment in listed and unlisted equity shares, debt instruments and mutual funds etc. of companies in a wide range of industries.
Share price of the little-known IT services companies rallied to Rs 121.44 on February 22, 2024 against Rs 3.23 a year ago. For the nine-month ended December 2023, Archana Software reported a loss of Rs 0.10 crore against Rs 0.09 crore in the same period a year ago.
Bonus shares refer to additional shares that a company distributes to its existing shareholders at no extra cost. These bonus shares enhance liquidity, reduce the per-share value of a stock, and foster greater participation from retail investors, according to market participants.
Based on the OI percentage, 70 stocks were on the short-covering list. This included GAIL India, Trent, DLF, Power Grid Corporation of India, and NMDC
A juxtaposition of the performances of Indian IT companies (during FY07-15) to the prevailing likely rate cut scenario indicates these companies could outperform estimates in the medium term