Vijay Kedia's small-cap multibagger infra stock and 28 others to be moved out of ESM framework!
Stands out as a multibagger performer, witnessing a remarkable surge of 239.73 per cent over the past year. Of particular interest, ace investors such as Dheeraj Kumar Lohia
On the final trading session of the week, the NSE benchmark Nifty 50 index showcased resilience, surging by 0.59 per cent and breaching the significant 22,000 mark. This gain propelled the index to achieve its highest-ever weekly closing, boasting a robust 1.19 per cent increase over the course of the week.
Looking ahead to Monday's trading session, market participants are poised for an intriguing start, particularly in light of recent developments in the US markets. The S&P 500 index experienced a reversal, relinquishing earlier gains to close lower. The catalyst for this downturn stemmed from a notable uptick in the Producer Price Index (PPI), which followed unexpectedly strong Consumer Price Index (CPI) readings earlier in the week. These data points reignited concerns regarding inflationary pressures, prompting investors to recalibrate their expectations regarding potential Federal Reserve rate adjustments.
Meanwhile, domestic market attention is focused on 29 stocks transitioning out of the Enhanced Surveillance Measure (ESM) Framework effective February 19, 2024, as per a circular from the BSE. Notable among these stocks are Premier Polyfilm Ltd, Megasoft Ltd, NDR Auto Components Ltd, and We Win Ltd.
The comprehensive list of stocks exiting the ESM Framework includes Comfort Intech Ltd, Diligent Industries Ltd, Ecoplast Ltd, Elegant Marbles & Grani Industries Ltd, Frontline Corporation Ltd, KELTECH Energies Ltd, Megasoft Ltd, MPIL Corporation Ltd, NDR Auto Components Ltd, OM Infra Ltd, Padmalaya Telefilms Ltd, Photon Capital Advisors Ltd, Poddar Housing and Development Ltd, Premier Polyfilm Ltd, Rap Media Ltd, Rich Universe Network Ltd, RR Financial Consultants Ltd, Soma Textiles & Industries Ltd, Standard Capital Markets Ltd, Sujala Trading & Holdings Ltd, Swastika Investsmart Ltd, TAI Industries Ltd, We Win Ltd, Welcast Steels Ltd, Winsome Yarns Ltd, and Zenith Steel Pipes & Industries Ltd.
Notably, among these stocks, Om Infra Ltd stands out as a multibagger performer, witnessing a remarkable surge of 239.73 per cent over the past year. Of particular interest, ace investors such as Dheeraj Kumar Lohia and Kedia Securities, led by Vijay Kedia, have positions in Om Infra Ltd.
Disclaimer: The article is for informational purposes only and not investment advice.
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