September 2, 2024: Representatives of the EPS-95 National Struggle Committee met with Finance Minister Nirmala Sitharaman on Friday. They requested that the minimum pension be increased to ₹7,500 per month. According to the committee, Sitharaman assured them that the government is sensitive to their needs and will try to find a way to meet their demands.
Earlier this month, Central Minister for Labour and Employment, Mansukh Mandaviya, met with EPS-95 NAC representatives and assured them that the government will take necessary steps to address their demands.
Currently, EPS-95 NAC members are protesting for a monthly pension increase to ₹7,500 from the current average of ₹1,450. They are also demanding full medical coverage for EPS members and their spouses. Ashok Raut, President of EPS-95 NAC, stated that pensioners have been demanding an increase in the minimum pension for the past eight years, but the government has not addressed their requests.
Stock Market Update: Raj Rayon Industries Limited:
Raj Rayon Industries Limited’s shares were once considered penny stocks, meaning their prices were very low (e.g., less than ₹1, ₹2, or ₹5). For a long time, these shares were priced at a very low level.
52-Week High Decline:
Currently, the share price is around ₹25. On Friday, the stock closed at ₹25.68. At the end of the trading week, the price increased by 2%. The stock is currently trading about 70% below its 52-week high of ₹43.60. This indicates that the share is available at nearly a 70% discount from its yearly peak.
Recent Trends:
In the past 5 days, the stock price has increased by approximately 4%. Over the past month, it has risen by about 16%, while in the past 6 months, it has seen a decline of about 6%. Over the past year, the stock has dropped by 41%, which is significant compared to its 52-week low of ₹15. Currently, it is trading at a 71% premium compared to its 52-week low.
Long-Term Performance:
Over the long term, this stock has proven to be a money-making machine. From January to now, it has yielded a gain of approximately 36%. Over the past 3 years, the stock price has increased by 8,460%. Over the past 5 years, it has surged by 51,260%. Five years ago, on August 30, 2019, a share of Raj Rayon was available for just 5 paise.