Yes Bank has filed a petition with the Supreme Court to review an order from October 15. This order upheld a Bombay High Court ruling that quashed the bank's decision to write off AT-1 bonds. These bonds, worth Rs 8,415 crore, were questioned during Yes Bank's financial difficulties. The high court ruled that the bank's administrator lacked authority for such a write-off.
RHI Magnesita has reported a remarkable surge in net profit, soaring to Rs 62.09 crore for the September quarter. The consolidated revenues experienced a modest increase, hitting Rs 1,038.26 crore this period. Additionally, overall expenses decreased to Rs 953.06 crore compared to the last year. EBITDA saw a 30 percent growth, reflecting operational enhancements despite challenging economic conditions.
Mahanadi Coalfields Ltd has filed its Red Herring Prospectus for an initial public offering with regulatory bodies. This IPO features an offer for sale of roughly 66.18 crore equity shares from Coal India, amounting to a 10 percent stake in the subsidiary MCL. The intended capital raise is around Rs 9,500 crore, with the final execution reliant on regulatory approval and market conditions.
The Nifty's current technical structure remains positive. Although a sharp rebound from the vicinity of the 200-week moving average has significantly improved the near-term technical setup, the Index is near its overhead resistance area.
Of these, we shortlisted 8 stocks that consistently gained throughout the period, delivering cumulative returns ranging from 7% to 11%.
Binance is set to restore withdrawals across all networks and assets by the end of next week. This decision comes after recovering 95% of the $6.3 billion lost in the October hack, which the FBI attributes to North Korean actors, though the nation denies any involvement. Binance pledges to fully reimburse affected clients as operations return to normal.
One of the key reasons behind the weakness in base metals is the strength of the US dollar. The Dollar Index (DXY) has climbed to the 103-104 range, supported by resilient US economic data, elevated Treasury yields, and expectations that the Federal Reserve may keep interest rates relatively restrictive for longer.
Here are the 10 largecap stocks that recorded the biggest jump in November so far, including six who have delivered multibagger returns in the longer run.
MF Performance
Major Indices
