After falling for three straight trading days, real estate stocks saw bargain buying. The S&P BSE Sensex, the barometer index, was up 297.94 points or 0.48%, to 61,729.68. The Nifty 50 index increased 18,203.40 points, or 73.45 points, or 0.41%. The frontline indices outperformed the overall market. While the S&P BSE Small-Cap index dropped 0.01%, the S&P BSE Mid-Cap index lost 0.16%.
Keep a close eye on these trending stocks on Monday, 22, May 2023:
Welspun Corp: At the 14th EXCEED Green Future Award & Conference 2023, the Company’s pipe plant in Anjar, Kutch, Gujarat, won the “Platinum Award” in the Engineering Sector’s Environmental Sustainability category. This recognition demonstrates their dedication to environmental sustainability.
Likhitha Infrastructure: According to a statement made by Likhitha Infrastructure, the company’s board of directors recommended a final dividend of Rs. 1.50 per share (or 30%) at its meeting on May 18, 2023. This recommendation is subject to shareholder approval.
Jost’s Engineering Company: Jost’s Engineering Company said that the Board of Directors of the Company, at its meeting on May 18, 2023, recommended a final dividend of Rs.1.50 per share (75%), subject to shareholder approval.
N G Industries: N G Industries‘ net profit increased 134.69% to Rs 1.15 crore in the quarter ended March 2023, compared to Rs 0.49 crore in the preceding quarter ended March 2022.Net profit increased 218.77% to Rs 8.32 crore in the fiscal year ended March 2023, compared to Rs 2.61 crore in the fiscal year ended March 2022.