Benchmark equity indices ended marginally higher on Monday, helped by buying in bank stocks and firm beginning in European markets.
New Delhi: Shares of Nandan Denim Limited, which has given multibagger returns to investors in the long term, reached the level of Rs 51.66. In the last five days, the shares of Nandan Denim have surged around eight percent, while in the last one month it has given a return of more than 32 per cent and its shares have touched the level of Rs 38 to Rs 52.
The 52-week high of the shares is Rs 57.50 while the 52-week low is Rs 18.50. The company has a market cap of about Rs 721 crore. Nandan Denim Limited is a leading company in the denim business of the country, whose shares have given investors a return of 85 percent from the low level of Rs 27 in the last 6 months.
Benchmark equity indices ended marginally higher on Monday, helped by buying in bank stocks and firm beginning in European markets.
The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08. In early trade, the benchmark had declined 463.96 points, or 0.60 per cent, to 76,745.94. Later, it bounced back and jumped 213.12 points, or 0.27 per cent, to 77,423.02 during the day.
The Nifty went up 36.75 points, or 0.16 per cent, to settle at 23,537.85.
Among the 30 Sensex companies, Mahindra & Mahindra, Power Grid, Sun Pharma, Nestle, UltraTech Cement, NTPC, ITC, ICICI Bank, Titan, Bajaj Finserv, Bharti Airtel, and HDFC Bank were among the biggest gainers. IndusInd Bank, Adani Ports, Tata Steel, Reliance Industries, Axis Bank and Bajaj Finance were among the laggards.
S&P Global Ratings on Monday retained India’s GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.