Latest Stock Market News

“Wherever companies have missed numbers and where the multiples are high are the ones where we have been cutting down positions. However, It is not just high multiples in isolation but cases where the earnings are not keeping up.”

Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of the government of India.

Commenting on the performance, Gautam Saraogi, CEO, Go Fashion (India) Limited said, “In challenging times, our company has recorded strong operational growth. For the quarter gone by, our revenues have increased by 47% to Rs 142 crore. EBITDA has increased by 72% to Rs 52 crores. With increased efficiencies in the business, our EBITDA margins have also increased by 540 basis points to 36.7% for the quarter."

The stock traded at a P/E multiple of 64.63, while the price-to-book value ratio stood at 12.7.

The team has been working non-stop since our official IDO six months ago to refine and perfect the Sekuritance platform and ecosystem to share with our clients and community members, said Jonathan Camilleri Bowman, CEO of Sekuritance.

A few analysts believe revenues have bottomed out for drug maker Jubilant Pharmova, others do not hold high hopes in the short term

“Within the parameters in which we operate, our efforts are to align it to the international markets in the long run. At the same time, we will try to moderate the day-to-day volatility to the extent possible. ”

A total of 313,193 shares changed hands on the counter till 01:59PM (IST).

The stock quoted a 52-week high of Rs 2051.8 and a 52-week low of Rs 860.2.

Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 48780.38 Crore) operating in Pharmaceuticals sector.