Tube Investments of India Ltd is engaged in the auto components and equipment business and has delivered phenomenal returns for its shareholders in the past thirty days. From June 17 to July 8 2022, the scrip has jumped from Rs 1,551.25 to Rs 2,022, making a simple return of about 30 per cent. The huge upside was mainly driven by the robust sectoral outlook.   

The quarterly sales have not only surpassed the pre-COVID levels but have been the best-ever for the company on the back of strong brand equity among consumers, the latest fashion products, and superior quality aided by the solid end-of-season sales, encouraging festive & wedding season across India.  

Given the uncertainty prevailing in domestic capital market, Parijat Agrawal, Head (Fixed Income), Union Asset Management Company (P) Limited, shares a few tips for investors. 

It has been awarded the ‘Responsible Export Organization’ compliance certificate for its Electrification Distribution Solutions (ELDS) business by the Confederation of Indian Industry - Institute of Quality.  

The Indian equity benchmarks i.e. BSE Sensex and NSE Nifty 50 started the last session of the week in the green, building on one-month closing highs in the previous session.

Following a long period of net selling by FIIs, we have seen a period of net buying from them, resulting in a market up move. Continue reading to discover which stocks are showing strong price volume breakout.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green at a gain of 418.12 points, standing at the level of 54,596.58.

For the second straight trading session, the bulls took charge over the benchmark indices as declining commodity prices lowered inflationary concerns. 

The shares of these companies gained more than 6 per cent in today’s trading session.

It is not a usual sight to see a backbencher topping the class but this actually took place on D-Street on Thursday. The backbencher sector is none other than Nifty PSU Bank