Business News

Mumbai: Nearly one-fourth of stocks with a market capitalisation of over ₹1,000 crore in March have recouped all their losses posted between October 1 and February 28. According to an ET study, 331 out of the 1,415 stocks, have recovered their losses or are even trading above their levels on October 1- around the time the sell-off in the Indian market started. Since March 1, 127 stocks in this list have surged over 15%. Out of them, 59 are projected to deliver returns between 10% and 80% over the next year, according to median analyst price targets compiled from LSEG. Nifty has gained 7% so far this month after declining 14% between October and February. The Nifty Midcap 150 and Smallcap 250 are up 9.5% and 11%, respectively, in March after falling 20.5% and 25% in the the period under review.ET has compiled a list of 15 stocks which can give returns between 10% and 33% in a year.119448054For instance, Sharda Cropchem, which declined 12% between October and February, has run up 18% in March so far. Analysts' consensus estimates suggest the stock could gain another 33% over the next year.Transport Corporation which declined 16% in five months till February gained 22% in March. The stock is expected to give returns over 15% in a year. JK Lakshmi Cement gained 15% in March after declining over 13% between October and February. The stock has an upside of 15% as per the analysts consensus estimates.

New Delhi: Bangladesh Army chief General Waqar-Uz-Zaman has cautioned against terrorist attacks in the country within the next month and called for increased vigilance against potential attacks.General Waqar, speaking to senior Army commanders in Dhaka over the weekend, hinted that he has received intelligence that a terror strike could be orchestrated over the next week and urged caution, it has been learnt. He also mentioned that during a meeting with US senators, concerns were expressed over rising extremism in Bangladesh.The Army chief's comments are significant in the backdrop of growing acts of vandalism and attacks on minorities by Islamists since the ousting of the Sheikh Hasina government in August last year.General Waqar also made references to the deteriorating law and order situation in Bangladesh. "While the crime rate remains similar to previous years, visible crimes are causing fear among the people. We need to address and prevent these crimes. When taking action, we must do so decisively," he emphasised. Meanwhile, a consignment of 11,500 tonnes of parboiled rice arrived at Chattogram port under package-2 from India. The Bangladesh government has inked a contract with India to import 450,000 tonnes of parboiled rice under nine packages. Of the total, at least 285,769 tonnes of parboiled rice have already landed in the country with the rest slated to be delivered in phases.