PTC India

LIC ditched these 19 smallcap stocks in Q3. End of the party or just a jittery exit?

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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

Discoms’ poor financial health poses risks for power traders: Fitch

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NEW DELHI: The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says rating agency Fitch. In a report released today, Fitch Ratings said the credit risk of power traders has become “riskier” due to profitability and liquidity constraints faced by state power utilities. “If these … Read more