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For the year, eight out of 10 stocks have given positive returns but only three stocks have outperformed the index, and five stocks have given double-digit returns in 2022, according to data from ACE Equity.

Vedanta shares drop 1.79% as Sensex falls

Updated at : 2022-12-21 14:20:04

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A total of 374,365 shares changed hands on the counter till 01:34PM (IST)

Info Edge shares fall 0.7% as Nifty drops

Updated at : 2022-12-21 14:20:04

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The stock quoted a 52-week high price of Rs 5790.0 and a 52-week low of Rs 3314.0.

“This FDC has been launched under the brand name Zita®-PioMet,” the company said in a BSE filing. “This offers patients with Type 2 diabetes the convenience of once-daily dosing to improve their glycemic control and achieve the targeted HbA1c within 24 weeks,” it added.

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The company is selling shares in the range of Rs 347-366 apiece between December 19-21, with a lot size of 40 equity shares. The issue comprises entirely an offer for sale (OFS) of about 4.1 crore equity shares.

The next financial crisis will occur due to private cryptocurrencies, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday, adding that he still holds the view that cryptocurrencies should be prohibited. The RBI has for long held its view that private cryptocurrencies are a threat to stability and has been against legitimising its usage. To combat the issue, India recently launched its own cryptocurrency, backed by the RBI.

Shyam Metalics climbs 9% after acquiring Mittal Corp

Updated at : 2022-12-21 13:25:03

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With the acquisition, Shyam Metalics added 1,50,000 tonnes per annum of stainless steel, wire rod and bar mill capacity. The company will invest Rs 7,500 crore over the next 4-5 years to diversify its metals businesses further, the company said in a BSE filing.

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"As the gap in growth and profitability narrows over next 12-18 months, we see headroom for PSU banks to close the gap on valuations with private banks further and believe a valuation gap of around 0.50% is more sustainable," Jefferies said in a note.

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GAIL (India), incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 63942.84 Crore) operating in Gas & Petroleum sector.

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"The divergence to the tune of Rs 259 crore consists of 13 borrower accounts (with an outstanding balance over Rs 1 crore ) for an amount of Rs 230 crore and 218 borrowers (with outstanding balance lower than Rs 1 crore) for an amount of Rs 29 crore," the filing added.

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