The number of penny stocks on BSE jumped to 517 today compared with 409 at the end of December 2024 end, as party for many narrative stocks got over, with their prices falling up to 80 per cent.
Honasa Consumer, Salasar Techno Engineering, Vakrangee, Subex, Hardwyn India and Gensol Engineering are among 276 of 938 index constituents, which have fallen 75-80% from their 52-week highs levels.
Dish TV's board crisis intensifies as shareholders, owning nearly 96%, reject new appointments, resulting in 25 director ousters in three years. The situation highlights corporate governance issues amid promoter resistance, impacting company operations and shareholder value.
Dish TV India Ltd reported a consolidated net loss of Rs 37.38 crore in the September 2024 quarter as against a net profit of Rs 5.41 crore logged in the year-ago period. The company's revenue from operations declined 17.43 per cent to Rs 395.62 crore during the quarter under review.
Strap: Stocks including TCS, Dr Reddy's Labs, Magazon Dock, IREDA, Ola Electric, Tata Elxsi, Uno Minda, Anand Rathi Wealth and more will be the spotlight on Friday, October 11.
Companies including Adani Green, ITC, Axis Bank, Larsen & Toubro, RBL Bank, Sun Pharma, Dr Reddy's, RVNL, IEX and more may remain under the spot before the opening bell on Thursday, July 25.
There are 9 smallcap stocks favored by D-Street bulls and ace investors like Ashish Kacholia, Rekha Jhunjhunwala, and Vijay Kedia. These investments have demonstrated significant profitability over the past year.