Stock Market Today Live Updates: Suncity Synthetics, a penny stock, has been making waves in the market with over 280% returns in less than 3 months. The stock has seen a surge of over 211 percent year-to-date and a whopping 359 percent over the past year. Investors are now wondering if they should jump on the bandwagon and invest in this multibagger.
On the flip side, Neueon Towers, Shubhlaxmi Jewel Art, POPULAR VEHICLES AND SERVICES ORD, and QUEST LABORATORIES ORD have hit a 52-week low today, while Ultratech Cement, Samvardhana Motherson International, Torrent Pharmaceuticals, Divis Laboratories, and Cipla have hit a 52-week high. Investors are keeping a close eye on these stocks to see how they perform in the coming days.
In other news, mid-cap and small-cap segments continue to outperform the Sensex in 2024, driven by solid economic growth, a rise in retail investors, and capital inflow. However, analysts are warning of premium valuation concerns that could limit the upside potential for these stocks.
Meanwhile, in the commodity market, gold prices have dipped ahead of the US Fed meeting, presenting an opportunity for investors to buy in this correction. Gold rates are currently in the ₹70,500 to ₹71,800 range, while spot gold prices are expected to remain in the $2,280 to $2,330 per ounce range.
Overall, the stock market is buzzing with activity, with stocks like HUDCO and NBCC seeing a surge in prices after the government approved assistance for the construction of three crore houses under PMAY. Experts are also recommending stocks like Aarti Industries, Dalmia Bharat, and HCC for investors to keep an eye on.
With so much happening in the market, investors are advised to stay informed and keep track of real-time updates on their favorite companies through Mint’s market blog. Stay tuned for more updates on Dalal Street and global markets.
