The domestic benchmark indices ended higher in the highly volatile session on November 15 with Nifty closing above the 18400 level. Sensex was up 248.84 points or 0.40 per cent at the 61,872.99 level and the Nifty was up 74.20 points or 0.40 per cent at 18,403.40.

Real estate, FMCG and IT shares fell while demand increased for auto, banking and financial services equities.

the company is well placed in terms of order book at a level of Rs 40,616 crore.

Since its Q2FY23 results announcement, the stock has rallied more than 14 per cent in just two trading sessions. 

Fantastic rally in the last half of the trading session led Nifty to close above 18,400 level. The benchmark index jumped nearly 100 points during this period to close at day’s high. BSE Sensex rose 250 points while Nifty Midcap ended flat.

The stock has been setting fresh 52-week highs and is continuously hitting back-to-back upper circuit.

Shares of Vesuvius India, the top BSE Smallcap gainer, climbed over 11 per cent and hit a new 52-week high in an otherwise dismal market. 

The auto sector has been the top gaining sector amongst all sectors while metal, realty and information technology have been the top losers.

Nibe Ltd in its recent regulatory filing stated that it has signed MOUs with Goa Shipyard, Garden Reach, Shipbuilders and Engineering Limited and Hindustan Shipyard Limited at Defence Expo.

This stock is currently available at a PE multiple of 21.47 and an ROE of 9.68, all of which indicate good management effectiveness.