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JSPL, the steel company, is focused on expansion and doubling the capacity of its plants in Odisha and Raigarh. The company plans to fund this expansion through internal accruals, as it has a low debt level. JSPL has stated that its debt will not exceed 1.5 times its EBITDA. The company is also awaiting clearances to begin production in its recently acquired mines.

On June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022. The deadline was then extended to October 1, 2022, then to March 31, 2023, and then to September 30, 2023.

WAPCOS provides consultancy, and engineering, procurement and construction services in the field of water, power and infrastructure sectors. It comes under the Ministry of Jal Shakti.

On September 25, several major stocks showcased noteworthy performance by surpassing their 100-day SMA.

Retirement-based mutual funds have a bias towards debt rather than equities, making them suitable for individuals closer to retirement. These funds have specific features, such as a minimum holding period, that guide both investors and fund managers in making longer-term investment decisions. The asset allocation of a conservative retirement plan typically has a higher allocation to debt. Investors should consider their asset allocation strategy and consult with financial advisors to create a balanced overall portfolio.

“Unlike the large and midcaps, a particular sector growth is not going to drive a large number of microcaps because a lot of them are completely different from each other. The second thing is the liquidity issue. Even when you are including companies, they will have to take a very small exposure, which by its very nature, automatically raises the number of holdings in the portfolio.”

To identify undervalued stocks, ETMarkets has pinpointed 10 stocks that have achieved multi-bagger status in FY24, while still trading below their respective five-year average price-to-earnings (P/E) ratios. Furthermore, a significant portion of these stocks is trading below the P/E multiples of their respective industries.

A total of 4,686 shares changed hands on the counter till 01:24PM (IST).