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Read more about Suprajit Engg spurts on share buyback; strong Q3 results on Business Standard. Suprajit Engineering jumped 4.74% to Rs 255.35 after the company said its approved buyback of 15 lakh shares for an aggregate amount not exceeding Rs 48 crore.
February 11, 2021 Stocks likely to seek action today: Magma Fincorp, National Fertilizers and, Suprajit Engineering Nifty50 index is likely to open with a downward gap of 60 points on Thursday, as an indication from SGX Nifty points bearish signal. The SGX Nifty is ruling at 15,065 as against Nifty50 Feb futures Wednesday’s close of 15,119. Asia-Pacific markets remain range-bound with a mixed trend. While Japan’s benchmark indices and China eked out marginal gains, those of Hong Kong, Australia and Thailand are ruling with moderate losses. Overnight, the US markets closed on mixed tone...
How to choose auto component stocks Here are some yardstick for selecting auto component stocks Listed vehicle manufactures are only a handful in number. But it is not so when it comes to the auto component space, which has a number of mid- and small-cap stocks. The supply chain for the auto companies is quite long, consisting of at least three tiers of vendors. Thus, the auto component industry is highly fragmented. With auto being a cyclical industry, the fortunes of many parts suppliers also wax and wane with ups and downs in the cycle. Typically, companies having a diversified client and ...
Ahead of Market: 12 things that will decide stock action on Monday SECTIONS Share Synopsis Now the Nifty50 needs to continue to hold above 13,350 to witness an upmove towards 13,750. Shutterstock.com Overall, the lower levels of volatility suggests that bulls are holding a tight grip and any small decline could be bought in the market. Before ending the last week at 13,513.85, Nifty formed a Doji candle with a long lower shadow on Friday, indicating a lack of momentum in the rally. But this also signals that every dips are being bought into. Chandan Taparia of Motilal Oswal Securities said,...