Business

2 high promoters holding multibagger stock may be noticed on Monday


Sensex and Nifty 50 were both up more than 3% last week, but on Friday, Sensex fell 30 points and finished at 58,191.29, while the Nifty 50 fell 17 points to end at 17,314.65. Sensex gained more than 1,775 points overall last week, while the Nifty 50 gained more than 530 points. In the coming week, the market will be eyeing quarterly earnings, especially for IT stocks like TCS, Wipro, HCL Tech and Infosys, whose results will be outstanding. Despite the assumption mentioned above, here the high stakes multibagger stocks are likely to be in the spotlight tomorrow on Monday 10 October, let’s know how.

RattanIndia Enterprises Ltd

RattanIndia Enterprises Limited said on Friday that it is acquiring a 100% stake in Revolt Motors, a leader in the electric motorcycle manufacturing industry. The company previously acquired a 33.84% stake in Revolt, with the opportunity to expand its holdings. The most popular electric motorcycle brand in the country is Revolt Motors. Over the last year, Revolt Motors has consolidated its presence across India by opening 29 dealership stores in different Indian cities.

Speaking about the transaction, Ms. Anjali Rattan, President of Sales, RattanIndia Enterprises Ltd. “The Revolt is currently the best EV bike in the world. It’s truly world-class in every way – technology, cost, build quality, and performance. With the acquisition of a 100% stake in Revolt Motors, we are doubling down on our belief that the electric vehicle revolution in the country is happening faster than we anticipated. I have no doubt that what is good for the environment and the country makes for a great business. Indians are very interested customers when they see value. We are ready for Revolt Motors’ next growth phase. “

Rahul Sharma, MD of Revolt said, “It’s a proud moment for me as we spread the flame for the next phase of Revolt’s growth trajectory. I’m so proud of what we’ve created with Revolt. The Rebels love their Rebellion and have a huge demand for our bikes. I’m sure the Uprising revolution has only just begun.”

RattanIndia Enterprises shares ended trading on Friday at Rs. 53.80 a piece, up 8.03% from the previous close of Rs. 49.80. In contrast to the 20-day average volume of 2,317,677 shares, the stock had a total volume of 9,908,280 shares on Friday. This stock has generated a return of 852.21% over the past 5 years and an amazing return of 3163.64% over the past 3 years. Shares are up 7.71% year-to-date so far in 2022. In the quarter ended June 2022, the company recorded an incentive share ownership rate of 74.80%, FII. holding 9.41% (up 0.38% QoQ), DIIs hold 0.02% and public ownership rate is 15.76% (down 0.40% QoQ). RattanIndia Enterprises’ leveraged shares recorded in Q1 were much higher than peers such as JSW Energy, Tata Power, Power Grid, NTPC, Adani Green and Adani Transmission.

Deep Industries Ltd

On Friday, the company said in a stock exchange filing that “This was further disclosed by us on February 7, 2022, whereby the Company informed the relevant parties that on 7 February 2022, Creditors Committee Mis. Dolphin Offshore Enterprises (India) Ltd (, Corporate Debtor’ or ‘Dolphin’) has approved the Settlement Plan submitted by Deep Industries Limited (Deep’) through its wholly owned subsidiary – Deep Onshore Services Private Limited (‘Deep Onshore’), for acquisition of Dolphin subject to necessary approval from the Adjudicator, i.e. NCLT. Regarding this matter, we would like to inform you that under Section 31(1) of the Bankruptcy and Bankruptcy Code, in 2016, Hon’ble NCLT Mumbai Bench approved a Settlement Plan issued by Deep Industries Limited (‘Deep’) filed through its wholly owned subsidiary – Deep Onshore Services Private Limited (‘Deep Onshore’) to acquire Dolphin Offshore Enterprises (India) Ltd (Dolphin) under the Settlement Process corporate bankruptcy (‘CIRP’) of the Bankruptcy and Bankruptcy Code 2016 (‘Code’). “

Shares of Deep Industries Ltd. ended trading on Friday at Rs. 310.50 a piece, up 4.49% from the previous close of Rs. 297.15. In contrast to the 20-day average volume of 234,584 shares, the stock had a total volume of 1,074,685 shares on Friday. This stock has generated multibagger returns over the last 5 years of 654.56% and over the past year it has grown 92.14%. Shares are up 97.08% year-to-date year-to-date in 2022. For the quarter ended June 2022, the company reported an incentive share ownership rate of 63.99%, FII. holding 2.00% (down 1.71% QoQ), Government holding 0.02% and public ownership rate 33.99% (up 1.72% QoQ). Deep Industries’ boosted stakes recorded in Q1 were much higher than peers such as Mahanagar Gas, Gujarat State Petronet Ltd, Indraprastha Gas, Petronet LNG and GAIL.

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