Elgi Equipments

Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance

Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

The company remains optimistic with respect to growth in FY23 and are well prepared to achieve revenue targets for the year

Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.

The companies that signed MoUs include Adani Enterprises (Rs 2,300 crore), Visteon (Rs 500 crore) and Airflow Equipments (Rs 320 crore), among others

The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly

The stock rallied 13% to Rs 185 after the company posted profit of Rs 31 crore in Q4FY16 against Rs 5 crore in a year ago quarter.