The stock trading at Rs 6.05 per share was up by 4.31 per cent with only bidders willing to buy the shares with no sellers. 

The company informed today that it has received an order from lndradhanush Gas Grid Limited (IGGL) for the supply of coated line pipes.

The market regulator, SEBI has imposed Rs 7 crore fines on Vivek Kudva and Roopa Kudva as they were found guilty of violating sections of the prevention of fraudulent trading practices. 

Balu Forge Industries Ltd (BFIL), a crankshafts manufacturing company announced today that it has entered into a memorandum of understanding (MoU) with Government of Karnataka for the construction of a manufacturing facility in Belgaum (Karnataka).  

The 20-day average volume of the stock stands at 3.78 lakh, whereas today’s volume in the first half of the trading session stands over 13 lakh. A massive jump in price backed with robust volume indicates buying interest in the stock.   

Among sectoral indices, Nifty IT is trading with gains of 1.45 per cent. Interestingly, the top two contributors in Nifty 50 are from Nifty IT namely, Infosys and TCS that have combinedly contributed 33 points to Nifty’s kitty. 

Creative Peripherals & Distribution Limited has announced that it has expanded its portfolio of Honeywell products to include a range of air purifiers and related parts. 

Given that real rates are low, inflation expectations are high and liquidity is likely to remain easy, any exposure to debt schemes above-average duration of three years is not recommended.

The stock gained almost 358 per cent in 2020 thereby, turning out to be one of the best multibaggers of 2020. After a stellar performance, the expectations from the counter remained subdued. Yet the stock is up by more than 70 per cent in 2021, so far.

The market opened in red on June 8, 2021.