At 11.45 am on Monday, the headline equity indices, i.e. Sensex and Nifty 50 are trading marginally higher on the bourses as India became the fifth-largest economy for the year ended March 2022, overtaking the UK in terms of its GDP.    

This mid-day mover is a constituent of the S&P BSE SmallCap index. 

At 10.37 am, Sensex was seen trading on the higher side, up by 376 points at the 59,179 level.

Rhetan TMT Limited became the 388th company to get listed on the BSE SME Platform on September 05, 2022. Rhetan TMT Limited came out with an initial public offering of 80,00,000 equity shares of Rs.10 each for cash at a price of Rs. 70 per equity share, aggregating to Rs. 56 crore. The company successfully completed its public issue on August 25, 2022.         

At the pre-opening bell, the frontline index S&P BSE Sensex opened flat with a loss of 9.37 points or 0.01 per cent.

A high PE ratio indicates that market participants expect high levels of earnings and growth in the future. Shares are rising faster than earnings in anticipation of improved earnings.

The company declared two interim dividends of 300 per cent each. In the following year, it rewarded shareholders with a stellar dividend of 507 per cent i.e., Rs 50.70. Isn’t it amazing?!   

Volatility is an indicator of risk. In general, the higher the volatility, the riskier the portfolio or the stock is. The volatility of a security or portfolio relative to its benchmark is called beta.   

At market close on Friday, the markets ended the session on a flat note, owing to mixed global cues.  

At the day’s end, Sensex settled at 58,803.33, up by 36.74 points or 0.06 per cent whereas Nifty 50 closed at 17,539.45, down by 3.35 points or 0.02 per cent.  

Earlier this month, the company announced that it has laid the foundation stone for setting up an oil palm mill in Arunachal Pradesh. The foundation stone was laid by Shradhye Acharya and Arunachal Agriculture Minister - Tage Taki.