India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
As Indian travellers promise to explore the uncharted territory of Indian islands like Lakshadweep in the wake of India vs Maldives controversy, investors have been gunning for a Gujarat-based smallcap company that recently won a contract to develop 50 tents in the Union Territory. Shares of Praveg, known for its luxury tent resorts in tourist … Read more
After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more
