On Monday, the NSE benchmark Nifty50 took over the negative baton from Friday’s weak close at Wall Street on the back of hotter-than-expected US inflation data.

The stock gave multibagger returns of 177 per cent over 2 years and also close to its 52-week high.

The stock PE multiple is 5.04 whereas the industry PE multiple is 15. All of this points to excellent managerial performance and hence it witnessed some fresh buying today.

The corporation verified that the record date for the issuance of bonus shares is December 22, 2022 and that bonus shares will be issued to equity shareholders in a ratio of 1:1.

About 1,207 shares have advanced, 2,309 declined and 124 are unchanged. PSU Banks, FMCG and pharmaceutical companies have witnessed healthy buying interest but IT and teck equities continue to struggle. However, the Indian indices ended the day higher.

The stock is experiencing heavy fresh buying as spurt in volume was more than 4 times on session today.

 Shares of Rossell India Ltd, were trading at all time high at Rs 372 on Thursday as the stock surged more than 10 per cent.

Shares of RHI Magnesita India Ltd, are trading at an all-time high of Rs 835, as the stock gained more than 15 per cent on Wednesday’s session.

Shares of Welterman International Limited, made a new all-time high of Rs 65.40 after locking in 5 per cent upper circuit. By hitting back-to-back upper circuits for months, the stock has soared more than 1900 per cent in just one year.

Watch out this smallcap auto sector stock which holds 60 per cent market share