Menon Bearings Limited (523828) Rise 2.41% on May 21
Shares of Menon Bearings Limited (BOM:523828) last traded at 100, representing a move of 2.41%, or 2.35 per share, on volume of 21,043 shares. After opening the trading day at 96, shares of Menon Bearings Limited traded in a close range. Menon Bearings Limited currently has a total float of 56.04 million shares and on average sees 9,326 shares exchange hands each day. The stock now has a 52-week low of 94.15 and high of 127.05.
Indian Economy’s 2 Giants
The Indian stock market is one of the fastest growing equity markets in the world today. While it currently makes up only 12% to 14% of the country’s gross domestic product (GDP)’ far from the 70% corporate sector making up the entire GDP of the US, India’s corporate sector is rampantly thriving to become one of Asia’s leaders.
As of this month, nearly 8,000 companies are listed on the Indian equity market. More than half of these are listed on the two main stock exchanges in India combined’ the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), representing about 4% of the country’s GDP.
Regular session on both the BSE and the MSE starts at 9:15 a.m. and concludes at 3:30 p.m.
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