Reliance Industries, Maruti Suzuki rally over 75% the last one year
.jpg)
Four stocks - Reliance Industries, Bharti Airtel, Maruti Suzuki India and Tata Steel – from the S&P BSE Sensex have rallied more than 75% since December 26, 2016.
The benchmark Sensex ended above its crucial 34,000 level at 34,010.61 on Tuesday, up 31.8% from its one year back level on back of strong an over Rs 1-lakh crore net inflow by the domestic mutual funds. On December 26, 2016, the Sensex had closed at 52-week low of 25,807.10.
Hindustan Unilever, HDFC Bank, Adani Ports and Special Economic Zone, Kotak Mahindra Bank, Larsen & Toubro, Housing Development Finance Corporation (HDFC), Wipro and Asian Paints are among others that outperformed the market by gaining more than 32% in past one year.
The domestic mutual funds have pumped in net amount of Rs 122,031 crore in equities till Friday, December 22, 2017, the market regulator Sebi data shows.
Meanwhile, around 88 stocks from the S&P BSE 500 index have become multi-bagger and surging more than 100% during the period. Of which HEG, Indiabulls Ventures, Graphite India, Rain Industries, Venky’s India and Bombay Dyeing and Manufacturing were up between 520% and 1,321%.
Other Latest News
.webp)
As the results for the Maharashtra polls will be announced tomorrow, Shiv Sena (UBT) leader Sanjay Raut on Friday exuded confidence in the victory of the Maha Vikas Aghadi (MVA), saying that around 160-165 MLAs will be elected from MVA.
Reacting to the speculations of the CM face from Maha Vikas Aghadi, Raut asserted that no formula has been made yet for the selection of the CM face as everyone will sit together and choose the CM.
.webp)
The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
An SC bench of Justices BR Gavai and KV Viswanathan said that it would make a decision on the matter during the next hearing without any adjournment.
.webp)
Kenya's president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men.
President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States.
.webp)
Asserting that the relationship between India and the US is built on a strong foundation, the White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against Indian billionaire Gautam Adani.
At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani.
.webp)
Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
.webp)
.webp)
.webp)
.webp)
