Vishal Mega Mart Shares Jump Over 11%
Shares of Vishal Mega Mart went up a lot today.
The price of the shares rose more than 11%.
The stock hit the upper circuit.
An upper circuit means the price cannot go higher for that day.
Big banks are talking about the company.
Morgan Stanley is a big bank. It said 'buy' for this stock.
This means Morgan Stanley thinks people should buy the shares.
Emkay Global is another company that studies stocks.
Emkay Global started to watch this stock for the first time.
This is called initiating coverage.
People in the market often ask: buy, sell, or hold?
Vishal Mega Mart is a retail company. It sells many things in stores.
Today, many people wanted to buy its shares.
This made the price go up fast.
Vocabulary10 words
- shares
- small parts of a company that people can buy
- price
- how much money something costs
- upper circuit
- the highest price a stock can reach in one day
- banks
- big companies that work with money
- initiating coverage
- starting to study and give opinions about a stock
- retail
- selling things to shoppers in stores
- stock market
- a place where people buy and sell shares
- surge
- a fast and big rise
- buy rating
- advice that says a stock is good to buy
- coverage
- watching and giving opinions on a company
Quiz
Answer key
1. More than 11% 2. The price cannot go higher that day 3. Morgan Stanley
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Shares of Vishal Mega Mart went up a _____ today.
The price of the shares rose more than _____.
The stock hit the _____.
An upper circuit means the price cannot go _____ for that day.
Big _____ are talking about the company.
Morgan Stanley is a big bank. It said '_____' for this stock.
Emkay Global is another company that studies _____.
Emkay Global started to watch this stock for the first time.
This is called _____ coverage.
Vishal Mega Mart is a _____ company.