Shares of central PSU NBCC climbed 8% to Rs 192.40 on BSE following the company’s announcement to consider issuing bonus shares. The meeting is scheduled for August 31, 2024. NBCC, previously distributing bonus shares in February 2017, often rewards its shareholders with dividend payouts.
Return of meme stock mania has traders on alert for market froth
Meme stock enthusiasm has returned, creating uncertainty for professional investors. Stocks like Opendoor Technologies and Kohl’s experienced gains. The S&P 500 and Nasdaq 100 indices