One of the world’s largest money managers Vanguard Group’s India stock portfolio is faring poorly in the current calendar year, with nearly 60% of the 26 stocks languishing. Vanguard, which owns Indian stocks worth nearly Rs 36,000 crore through its various funds, has seen a decline in its portfolio value by Rs 664 crore in … Read more
New Delhi: Luxury carmaker Audi India on Tuesday reported 33 per cent increase in retail sales at 7,027 units for the fiscal ended March 31, 2024. The German automaker had sold 5,275 units in the country in 2022-23 financial year. “We have seen a robust growth of 33 per cent in FY23-24 on the back … Read more
FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “Reliance and HDFC will hold the Nifty while the midcaps may have some more consolidation and profit booking because of their sharp runup and due to equalising because of the SEBI diktat for mutual funds on the small midcap holdings. But it is a broader market opportunity to buy. … Read more
Radhika Gupta, MD & CEO, Edelweiss MF, says “we are telling people, do not switch your existing mid and smallcap fund holdings and pay a lot of tax, but at least put incremental money in multi-cap funds. Could a behaviour of this kind happen? Yes. So that could lead to a moderating of flows by … Read more
Mumbai: Stress test results published Friday for small and midcap-themed mutual funds demonstrated wide variations in the duration asset managers would need to liquidate units, underscoring the diverse risk profiles of such investments after the capital markets regulator mandated the exercise over concerns of ‘froth’ or ‘bubbles’ in some pockets of local equities. While a … Read more
MUMBAI – Private banks, which have always been the favourites of institutional investors, lost the spot to public sector banks who are touching the sky riding on retail bulls. So far in 2024, all public sector banks have given double-digit returns to investors. On the contrary, private sector banks have seen single to double-digit fall … Read more
D B Realty on Thursday said it has raised Rs 920 crore by selling shares to institutional investors, including Morgan Stanley Asia, to fund its real estate projects and strengthen balance sheet. The company launched its Qualified Institutional Placement (QIP) issue on March 7 and the issue was closed on March 13. In a regulatory … Read more
MUMBAI – While there is a lot of hullabaloo around the insane rally in smallcap stocks on Dalal Street in the last few months, some of the stock market superstars have made big bucks on their bets in a short period of time and Dolly Khanna is one among them. A double-digit rally in seven … Read more
Hindustan Unilever. Share Price 2421.55 03:59 PM | 28 Feb 2024 16.25(0.68%) Infosys. Share Price 1671.25 03:59 PM | 28 Feb 2024 7.66(0.46%) Tata Consultancy Services. Share Price 4118.95 03:59 PM | 28 Feb 2024 14.56(0.36%) Bharti Airtel. Share Price 1128.75 03:59 PM | 28 Feb 2024 1.25(0.12%) SBI Life Insurance Company. Share Price 1540.20 … Read more
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