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Several stocks with very high retail investor base, rode the market rally to turn multibaggers in FY24. Moneycontrol has listed top 30 firms with the largest retail shareholder base, and selected 10 out of them with at least 100 percent rise this fiscal
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Proceeds worth Rs 150 crore from the issue will be used for capital expenditure, Rs 350 crore will be used to fund long-term working capital requirement
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India's aggregate market capitalisation dropped by 1.6 percent in dollar terms, marking the steepest fall since October 2023. The Indian equity market, however, maintained its fifth position globally with a market capitalisation of $4.5 trillion
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Foreign Institutional Investors (FIIs) pumped $3.63 billion into Indian equities in their biggest buying binge since December 2023. Domestic institutions continued to be net buyers, investing around Rs 52,467 crore in the market, their highest since March 2020
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JM Financial extended its decline, trading in the red in 11 out of the last 16 sessions, while IIFL Finance lost in 12 sessions. Since early March, IIFL Finance shed over 45 percent, while JM Financial fell nearly 25 percent
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Total revenues declined by 6 percent in 9M FY24 as pipes business faced market share loss
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Sensex, Nifty faced their first weekly decline after four weeks of gains, both dropping around 2% during the week. Broad-based selling and a meltdown in mid- and small-cap stocks continued, alarming investors amid regulatory warnings
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The stock declined around 22.6 percent in past five trading sessions. At 11 am on March 15, the stock was trading at Rs 7,540.15 on BSE. Year to date, it has gained over 76 percent.
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After Biocon Biologics' formulation deal, net debt at the company is estimated to rise from Rs 886 crore to Rs 2,400 crore
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Well-diversified business model with robust free cash flows
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Mahindra Manulife Mutual Fund (15.16 lakh shares), Quant Mutual Fund (6.13 lakh shares), Bajaj Finserv MF (2.1 lakh shares), JM Financial MF (1.67 lakh shares), Union MF (1.15 lakh shares), and Baroda BNP Paribas MF (17,000 shares) have completely divested from Paytm stock.
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Mutual funds bought around 6.01 crore shares in February. As of February 2024, mutual funds held around 142.27 crore shares in HDFC Bank from 136.26 crore shares in January
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The National Stock Exchange (NSE) board approved a 1% reduction in transaction charges for cash equity and equity derivatives starting April 1, 2024. This move is expected to impact the company's annual revenue from transaction charges by approximately Rs. 130 crores.
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At least two new IPOs will open for subscription. Inflation, exports-imports are the other key data points to track
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Overall, there is a trend of users, courts, antitrust authorities and even governments siding with app developers and taking a tougher stand on anti-competitive behaviour by Big Tech
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FIIs offloaded financial, construction, and FMCG stocks. They were net sellers of financial services shares, pulling out Rs 10,000 crore from the market in February, after Rs 30,000 crore a month back
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What intrigues a market observer is the fact that the rush to enter the market stays unhindered despite brokerage warnings on high valuations and sustained caution on PSU stocks, midcaps and smallcaps
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The demerger offers investors the twin benefits of participating in the domestic CV segment while also getting an opportunity to own a pure-play global car company
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Some 15 SMEs raised over Rs 630 crore from listings in February, the highest since last September, when about 36 companies had mopped up Rs 998.40 crore
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The demerger's timing is opportune given the easing debt overhang of JLR and news of an IPO by Hyundai on Indian bourses and will offer Indian investors the opportunity to own a pure-play global car company
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CLSA downgraded Tata Steel to sell from outperform and cut target price to Rs 135 from Rs 145. JSW Steel downgraded to sell from underperform and declined its target price to Rs 730 from Rs 810.
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The current vendor diversification drive by big pharma is driving large business opportunities for Indian CDMOs
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India's two major stock exchanges will today hold two special live trading sessions to transition to a disaster recovery site to strengthen their resilience against unforeseen disruptions
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The average advance-to-decline ratio in February stood at 0.95 times. This level was seen last in March 2023 and since April, it stayed above 1 riding on robust economic fundamentals and participation of foreign investors. Analysts further said that the reasons for the current market correction can be also be attributed to the sharp rise of 17.5 percent within a short time span - from November2023 to mid-January 2024
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In November and December, they had pulled out around Rs 14,048 crore and Rs 5,923 crore from the markets. So far in fiscal 2024, the individual investors picked up equities of Rs 30,995 crore as against Rs 49,206 crore in FY23
