Sat, Nov 23, 2024 3:48 PM
27,600% rally in 5-year! Multibagger small-cap stock Eraaya Lifespaces!
A Flip by Shubhangi Gupta
The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season.
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Equity markets recouped current week’s losses on the last trading session with a strong bounceback as investors used the bargain opportunity to accumulate beaten-down stocks. The strong rally on Friday meant that the benchmark Sensex closed the week nearly 2% higher. During the week, about 36 smallcap stocks have delivered double digit weekly returns.
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PFC, Happiest Minds and NALCO among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible, the shares should be in the demat account on the record date.
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