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夜上海论坛

Bharat Electronics share price jumps 6% to new 52-week high, Q1 profit rises 15-fold; buy, sell, or hold?

Bharat Electronics (BEL) share price soared more than 6 per cent to a fresh 52-week high of Rs 260.75 apiece on Monday, on a 15-fold rise in Q1 profit. Bharat Electronics net profit in first quarter of current fiscal rose 1401.64% to Rs 365.65 crore as against Rs 24.35 crore during the previous quarter ended June 2021. On Monday, BEL stock witnessed a sudden surge in its volumes, supporting the price move. In volume terms, a total of 20 lakh shares exchanged hands on BSE, while 2.96 crore scrips were traded on NSE, so far in the day. Ravi Singh, …

夜上海论坛

HCL Technologies, TCS, Wipro among 28 stocks to hit 52-week low on BSE, 66 scrips at fresh highs

Benchmark indices were up marginally in noon deals on Friday amid a weak global sentiment on fears of a likely aggressive rate hike by the US Federal Reserve. The BSE Sensex was up 50-odd points at 53,480. The NSE Nifty50 languished around 15,960. The broader markets also held marginal gains. The BSE MidCap and SmallCap indices were up 0.4 per cent and 0.1 per cent, respectively. “The major drag on the market continues to be the FII selling which has exceeded $30 billion, so far this year. But this month, FIIs have been buyers for 2 days including yesterday. This …

上海后花园论坛

Proxy advisory firms raise flag against Sajjan Jindal’s remuneration

Two proxy advisory firms have raised flags against certain resolutions proposed by JSW Steel, including fixing remuneration of its managing director Sajjan Jindal, and recommended shareholders vote against them. The advisories by Institutional Investor Advisory Services (IiAS) and Stakeholders Empowerment Services (SES) come ahead of JSW Steel’s AGM on July 20. The e-voting for the resolutions began on July 16 and ends on July 19. “While we support Jindal’s reappointment as managing director, we do not support the proposed remuneration,” IiAS said in its note. “His FY22 remuneration aggregated `140 crore, making him possibly the highest-paid executive in corporate India, …

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