There is a selling environment in the stock market on Friday and Nifty has broken the important support level of 25000. Nifty defended its important support level for the last two days but broke the level of 25 thousand on the third day. Stock-specific action continues in the market during this period. Some penny stocks with good fundamentals are in the eyes of investors. One of them is also a penny stock Taparia Tools Ltd, which is continuously hitting the upper circuit. Taparia Tools Ltd’s share rose 5 percent to Rs 7.59 on Friday. Friday is the 32nd consecutive day…
Author: careermotto
careermotto
A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.
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Numerous companies on the market have delivered multibagger gains to investors. One of these stocks can be found in MIC Electronics(NSE: MICEL). The penny stock that was a popular option a few years ago has turned into an investment with multiple bags. Over the past few years, the cost of MIC Electronics has seen an increase of 2757 percent. In August of 2019, the share price grew from 2.8 to Rs. 80 now. MIC Electronics stock has given impressive returns even in the short term. The stock is up over 166 % during the last year. However year-over-year, in 2024,…
If you have SBI (NSE: SBIN) share or are going to buy them, then this news is very important for you. A top brokerage firm has also reduced its target on SBI from ₹ 841 to ₹ 742. After this news, State Bank shares fell 1.84 percent to Rs 803.50. According to news, a top brokerage believes that SBI may face many challenges going forward, as its return on assets (ROA) is at its peak and the brokerage expects a reduction in the valuation of India’s largest lender. Risk-Reward Profile ‘Unfavourable’ SBI’s risk-reward profile has turned ‘unfavorable’ as the bank’s…
Shares of energy company KEC International (NSE: KEC) are flying on Friday. The company’s share price rose 5% to a 1-year high. The reason behind this jump is the news of the company getting T&D orders worth Rs 1423 crore from Saudi Arabia. On Friday, the KEC International share price opened at Rs 1036.05 on the BSE, which is about Rs 7.75 higher than the previous day’s closing price of Rs 989. After this, the KEC International share price touched its 52-week high. However, due to the earthquake in the stock market, it was trading at 1.24 percent up around…
Vodafone Idea Ltd (NSE: IDEA): Vodafone Idea Ltd’s share has fallen by over 13 %, to 13.43 rupees. The share of the company was traded at 15.09 rupees on Thursday. Market experts believe that Vodafone Idea Ltd’s share may see the beginning of a steep decline. A leading brokerage house in the world has advised selling Vodafone Idea Ltd’s share. Brokerage house IHS has kept a “sell” rating for telecom’s shares. Vodafone Idea Share Can Go Up To 2.50 Rupees The world’s largest brokerage firm has set an estimated price of 2.50 rupees for Vodafone Idea Ltd’s share. In other…