Stock (also capital stock, or sometimes interchangeably, shares) consist of all the shares[a] by which ownership of a corporation or company is divided.A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of shareholders.
Top 5 Share, Stock's Under Rs 100 Made You Millionaire
1) Steel Authority of India (SAIL)
SAIL, or the Steel Authority of India, is one of the biggest government-owned steel-producing companies. SAIL is a government of India-owned enterprise in the public sector.
It is ranked as the world's 24th-largest producer of steel. It has the SAIL Safety Organization, the Management Training Institute (MTI), the R&D Center for Iron and Steel (RDCIS), and the Center for Engineering and Technology (CET) (SSO). These are all found in Ranchi, India. It has several joint ventures with various businesses all over the world. About 75% of SAIL's equity is owned by the Indian government, which maintains voting control over the business.
The company manufactures and sells various iron and steel products, including hot- and cold-rolled sheets and coils, electrical sheets, galvanized sheets, electrical steel, structural steel, railway products, and plates. Additionally, it produces stainless steel, other alloy steels, and bars and rods.
2) Indian Oil Corporation
Oil marketing company Indian Oil Corporation Limited is listed on the BSE and NSE. It was ranked first in the Fortune India 500 list in 2016 and 168th in the Fortune Global 500 list in 2017.
The Research and Development Branch, Pipelines Branch, Petrochemicals Branch, Explosive Branch, Refineries Branch, and Production Branch are the seven main business divisions that make up the oil company. Indian Oil owns more than 50% market share for petroleum products.
The business involves exploration, production, refining, pipeline transportation, and natural gas and petroleum products marketing. The company established subsidiaries in the United States, the Netherlands, Sweden, Mauritius, the UAE, and Sri Lanka.
3) HFCL
Incorporated in 1987, HFCL (also known as Himachal Futuristic Communications Limited) is a telecom company based in India. It operates in various manufacturing, R&D, and turnkey solutions segments.
As a global technology market leader, HFCL links billions of people, objects, and systems. They have used the power of connectivity for over 30 years to drive business transformations. They create, integrate, and deliver next-generation technology products and solutions. To provide accessible data network solutions to everyone, they believe in fostering innovation and working with international partners.
4) Indian Railway Finance Corp
The Indian Railway Finance Corp Ltd. (IRFC) is the country's Ministry of Railways' financing division.
The company's primary activity is to raise money on the financial markets to finance the creation or acquisition of assets, which are then leased to the Indian Railways. In short, the company raises money through short-term loans, institutional financing, taxable bonds, and borrowing from other businesses. Long-term loans in rupees, equity, and free reserves are additional funding sources.
The plan outlay of the railways and funding for the locomotives, coaches, and wagons are funded by money that the IRFC raises from the market. The company offers to lease those assets to finance railroad projects and rolling stock.
5) IIFL Securities
IIFL Securities Limited offers capital market services in India's primary and secondary markets. The business is divided into facilities and ancillary, insurance broking, and capital market activity.
It provides investment banking services, retail broking products and services, including equity, commodities, currency broking, financial planning, depository participant, mutual funds and bonds, portfolio management, alternate investment funds, and retirement and estate planning services.
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