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Dolly Khanna: After rising 830% in a year, this Dolly Khanna stock is still going great guns


NEW DELHI: The stock of
Butterfly Gandhimathi Appliances traded about 1 per cent shy of its all-time high of Rs 923.85 on Wednesday. The smallcap firm that deals in household appliances has seen a secular rise after it reported strong revenue and improved profitability for the latest quarter.
Ace investor Dolly Khanna held 2,85,050 shares, or 1.6 per cent stake, in the company as of March end, up 10 basis points compared with that at the end of the previous quarter. Her stake was valued at Rs 23 crore as of Wednesday.
Butterfly Gandhimathi Appliances has been a multibagger in the last one year, delivering over 830 per cent return as it rose from Rs 98.30 to hit a new 52-week high of Rs 923.85 earlier this week. (on May 24 2021) ....

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Butterfly Gandhimathi Appliances rallies 45% in a week on strong Q4 results


Shares of Butterfly Gandhimathi Appliances soared 19 per cent to Rs 923.85 on the BSE in intra-day trade on Monday. The stock has now rallied 45 per cent in the past one week, after the household appliances company reported a profit after tax (PAT) of Rs 9.9 crore in March quarter (Q4FY21), on the back of healthy revenue growth. The company had posted a net loss of Rs 7.6 crore in Q4FY20.
The company reported strong revenue growth of 86.4 per cent year on year (YoY) to Rs 206.20 crore in Q4FY21. The healthy growth was on the back of enhanced customer interest in kitchen appliances due to accentuated preference for home cooked food. ....

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Sensex closes above 50k, Nifty ends near 14,800 mark


Benchmark indices surged for third consecutive session on Wednesday, as euphoria surrounding the Union Budget continued. The Nifty closed tad below the crucial 14,800 mark after scaling that level in intraday trade. The BSE Sensex closed above 50,000 mark for the first.
As per the provisional closing data, the S&P BSE Sensex, soared 458.03 points or 0.92% at 50,255.75. The Nifty 50 index surged 142.1 points or 0.97% at 14,789.95.
The Sensex scaled record high of 50,526.39 while the Nifty recorded an all-time high of 14,868.85 in intraday trade.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. Increased FDI limit in insurance improved the overall outlook of the sector. ....

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Market rallies for 3rd day; Sensex closes above 50,000 mark, Nifty ends near 14,800


The benchmark indices surged for third consecutive session on Wednesday, as euphoria surrounding the Union Budget continued. The Nifty closed tad below the crucial 14,800 mark after scaling that level in intraday trade. The BSE Sensex closed above 50,000 mark for the first. FMCG and realty shares declined while pharma and PSU banks shares rallied.
The S&P BSE Sensex, soared 458.03 points or 0.92% at 50,255.75. The Nifty 50 index surged 142.10 points or 0.97% at 14,789.95. Both the indices attained record closing high levels. The indices have surged about 8.5% in three consecutive sessions.
The Sensex scaled record high of 50,526.39 while the Nifty recorded an all-time high of 14,868.85 during intraday trade. ....

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