News for Hemang Resources Limited (HEMANG.BO)

In the Nifty 50 index, 35 stocks ended in the green, while 15 stocks closed in the red in today's trade.

Hemang Resources Limited announced that with effect from December 22, 2023, Ms. Saloni Kochar has submitted her resignation from the position of Chief Financial Officer of the Company. Additionally,...

Hemang Resources Limited announced that With effect from December 22, 2023, Ms. Saloni Kochar has submitted her resignation from the position of Company Secretary & Compliance Officer of the Company....

Shares of Hemang Resources Ltd, formerly known as Bhatia Industries & Infrastructure Ltd, have surged over 20 times this year. Beginning 2022 at Rs 3, the share price is now Rs 70.

The stocks are Kaiser Corporation, Hemang Resources, Alliance Integrated Metaliks, KBS India, Sonal Adhesives, Beekay Niryat and Ashnisha Industries.

With a gain of 1,981 per cent, Kaiser Corporation stood as the top gainer in the list. Shares of the company surged to Rs 58.05 on December 5, 2022 from Rs 2.79 on December 31, 2021

Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.

Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.

Benchmark BSE Sensex retreated over 10% to 52,541 on June 15, 2022 from 58,569 on March 31, 2022. But some stocks continued to do well.

Amid the ongoing volatility in the domestic equity market, select little-known stocks from the broader markets have managed to deliver a stupendous return to investors since the beginning of the ongoing calendar year.

BSE Sensex and Nifty 50 were trading over 1 per cent down on Monday, on the back of weak global cues

BSE Sensex and Nifty 50 were trading over 1 per cent higher on Wednesday, on the back of buying in index heavyweights such as Reliance Industries Ltd (RIL), Infosys.

The data available on AceEquity suggests that as many as 150 penny stocks have scripted a 'rags to riches story', rallying up to 1,700 per cent in the last six months. Meanwhile, Sensex has corrected about 6 per cent in the same period from its 52-week high of 62,245 touched on October 19.

A general trend is that most of the multibaggers in the list are from smallcap space, where there is more room for them to grow. Among better-known names that have surged multifold in the period are NDTV, DB Realty, Ugar Sugar Works, Triveni Glass and Gujarat Mineral Development Corporation.

Penny stocks have no defined theoretical definition. However, stocks in single digits or below Rs 10 are bracketed in this club. In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered.

India VIX, the volatility gauge of domestic markets, was soaring higher above 30 levels as the index rose more than 6%

A host of factors have dragged broader Indian indices -- BSE Midcap and Smallcap.

In the Nifty pack, 39 stocks closed in the green, while 11 stocks ended in the red.