The Closing Bell: Today there was a Tremendous Boom in the Stock Market. Nifty was last seen today after 13 September above 18000. Today, there was a Boom in the Market from all sides.
The Nifty Sensex witnessed a lot of lethargy in the Diwali season. The Nifty was seen moving around 17800 throughout the week.Â
There was a lot of momentum in the market today. Nifty was seen crossing 18000 today after about 14 September. Today’s business saw massive buying in the IT, auto, and pharmaceutical sectoral, buying was seen in stocks like consumer goods and durables. Good business was also seen in all sectors of the Bombay Stock Exchange.
Today in the bullish environment, midcap and small-cap businesses have also seen today. On the closing bell, Nifty closed at the 18012 level with a gain of 225.4 points, or 1.27%. The same Sensex closed at the level of 60746 with a gain of 786.7 points, or 1.31%.
Let’s talk about some Hot Deals
Bel: – In the company’s conference held today, it was said that the target has been set to achieve about 15 percent revenue growth in FY23. The turnover for the second quarter of FY23 is expected to be good in Q1. A letter of intent worth Rs. 8100 crore has been received for the battery pack.
SUPREME IND:- Kanso profit has come down from Rs 229 crore to Rs 82 crore, while bronze has increased from Rs 1929 crore to Rs 2087 crore approx. Recently, the company also announced a dividend of Rs. 6 per share. According to the financial year, EBITDA has come down from Rs 311 crore to Rs 147.1 crore in the second quarter. The EBITDA margin has come down from 16.2 per cent to just 7 per cent.
In the Coming days, there is a Good Opportunity to Profit from an IPO.
The Bikaji Foods IPO is going to open from November 3 to November 7. The price band of the company has been kept at Rs 285-300 per share. According to the company, the issue size is Rs 881 crore.
Can the Government Break last year’s Record in GST collection?
Tomorrow the record of GST collection can be seen. Due to the Diwali season, the GST figure may cross 1.5 lakh crores. The government’s GST tax recovery has been very good, quoting sources. Traders have cooperated a lot with the government by filling out GST on time. However, the general public and businessmen are still very much fed up with inflation. The government is getting its tax on time. A record 8.4 crore e-way bills have been generated in the month of September. Let us tell you that the data from Diwali Cell is likely to be released by December 1.
read more : Sensex back at 60,000, surges 1% in line with Asian comrades
