Skip to main content

Griffin Chemicals surges on re-listing

Griffin Chemicals was trading at Rs 29, up 2220% on re-listing after six years on Bombay Stock Exchange (BSE).

The counter saw miniscule volume of 4769 shares.

The stock opened at Rs 23, up 1740% against its last traded price of Rs 1.25 on 8 August 2002.

The Griffin Chemicals stock was highly volatile today. It opened at Rs 23 and then rallied ahead to Rs 50 but soon eased to a low Rs 22.

The surge in Griffin shares reminds of unprecedented rise in stock prices of KGN Industries on its re-listing day. KGN Industries, run by Ahmedabad-based Memon family, had re-listed at Rs 100 per share after nearly seven years in May 2008 this year. The stock had risen to a high of Rs 55,000.

Popular posts from this blog

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, ETMarkets.com | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..


ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

10 stocks that offered high yields.

In its report, Karvy offered a list of 10 stocks that offered high yields. It considered the stability of dividends as well while looking for stocks with that could continue to offer high dividend yields. Castrol India: Dividend per Share (DPS) 6.6| Dividend Yields 3.2 During CY17, the company actively focused on distribution expansion which led to 1 percent market share gain to 21 percent in the automotive segment. Castrol has ended CY17 with highest ever sales volume, clocking 205 mn Litres, gaining most of it in the last Q4CY17. Greaves Cotton Ltd: Dividend/share 5.2| Dividend Yield 4.4 Greaves Cotton Ltd. (GCL) is a leading diversified engineering company manufacturing machinery and equipment. Greaves’ cost leadership enables it to be a major source of 3-W auto engines in India with partnerships over 35 auto manufacturers. Greaves products for Agri and Auxiliary power segment crossed 3 mn pump sets and 1 mn generator sets mark recently. Hero MotoCorp Ltd: Dividend/Share 102.2| Divide…

A 10-point checklist to lower risk of loss in your stock investment

A 10-point checklist to lower risk of loss in your stock investment By Dhiraj Relli, ET CONTRIBUTORS | Updated: May 11, 2017, 11.40 AM IST Post a Comment Big Change: The end of Five-Year Plans: All you need to know < ..

Read more at:
http://economictimes.indiatimes.comhttp://economictimes.indiatimes.com/markets/stocks/news/a-10-point-checklist-to-lower-risk-of-loss-in-your-stock-investment/printarticle/58622971.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst