DSIJ Mindshare

Sunflag Iron & Steel Co Ltd, engaged in manufacturing mild-steel and alloy steel products, has jumped by over 19.5 per cent from its previous close of Rs 84.30. The stock opened at Rs 83.10 and has made its day high of Rs 101 which is also its fresh 52-week high.

You might have come across stock market geeks talking about the alpha and beta when talking about stock returns. Alpha and beta are important tools used to understand the concept of return. Both of them are on based on historical performance, and both of them are relative measures. Let us understand both these concepts in depth. 

Cyrus Poonawala is an Indian billionaire and Chairman and MD of Serum Institute with a net worth of USD 19 billion (approximately Rs 1,42,500 crore). Poonawala founded Serum Institute in 1966, in Pune, which went on to become the world’s largest vaccine maker.

The big news that stirred markets in the previous week was the merger between HDFC and HDFC Bank. The news sent the stock soaring over 11 and 9 per cent, respectively. It is said to be the biggest merger in Indian corporate history, and the entity now commands the highest weight in Nifty.

The biggest highlight of today’s RBI policy was that it kept the interest rate unchanged. For the 11th time in a row now since May 2020, the RBI has kept the repo rate and reverse repo rate constant at 4 per cent and 3.35 per cent, respectively, thus maintaining its accommodative policy stance although it has hinted at the withdrawal of this policy soon.