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Prudent is the second largest MF distributor after NJ India among the non-banks in terms of commission earned in FY24. If we consider the entire universe of MF distributors including banks, Prudent is the fourth largest. Being a mutual fund distributor, Prudent has benefitted from the robust growth seen in the MF industry. Prudent draws over 80% of its revenue through distribution of mutual funds. Prudent’s revenues and net profit have grown by CAGR (compounded annual growth rate) of 29% and 46% respectively over the past 5 years (FY19-24). The net profit growth has been on the back of rise in AUM (asset under management) to Rs 106,271 crore as at end December’24. Along with healthy inflows, the growth in AUM was led by marked to market (M2M) gains as markets witnessed a strong broad-based rally. Strong earnings visibility, asset light business model with recurring/annuity kind of revenue stream, high operating leverage and strong cash flows makes Prudent a unique proposition.

TCS, Manappuram Finance, Lupin, Hindalco | Stocks On Radar

TCS Q3 results preview, Manappuram Finance- RBI lifts Supervisory Restrictions on Asirvad Micro Finance. Lupin gets US FDA EIR for Pithampur Unit-1 with VAI classification and much more

Nifty reclaims Mount 20k after 47 trading sessions. What's fuelling the rally?

On the higher side, after 20,000, the immediate resistance for the index is seen at 20,100 and 20,150

Sectors to watch amid market volatility: Nishit Master of Axis PMS shares top picks

The recent sharp correction in the market after a period of high returns seems a healthy adjustment. Sectors like capital goods, healthcare, auto and hospitality look attractive at these levels, says Master

Ideas for profit | AU Small Finance: Strong growth with a new product line, time to buy the stock?

AU Small Finance Bank posted strong numbers despite the stock underperforming both the Nifty and the Bank Nifty in the last four months. MC Pro expects AU SFB to continue on the high-growth path, as it has adequate capital, the right products, cross-sell opportunities and technology backbone to stay ahead of competition. Watch the video for more

Looking for market bottom? Udayan says it's a long way

As globally trade continues to be turbulent, there is no sight of a bottom to the market in the near-term, says CNBC-TV18's managing editor, Udayan Mukherjee. He says the volatility and the edginess globally does not help in forming the market bottom right now.

S&P assurance calms mkt; Sensex recoups 400 pts

Investors gradually were covering their short positions. Rating agency S&P said there would be no immediate impact of US rating cut on India, which was a sigh of relief for the market.

Sensex pares losses; TCS, Wipro, Infy down 15% in 7 days

The market was trading sharply lower though it showed some recovery after panic selling. Technology stocks have been hitting hard because their major revenues come US and Europe, where the real problem is. TCS, Wipro and Infosys were down 15% in last seven days.

Negative bias overpowers mood; Sensex shaky in seesaw trade

The market was extremely volatile with a negative bias after showing more than 300 points recovery from day's low. Investors as well as traders were covering their shorts.

Short-covering arrests Sensex's fall, Nifty holds 5K

BSE Benchmark Sensex was still down around 300 points on the back selling in sectors like technology, telecom, capital goods, metal and power companies' shares.

Sensex recovers over 300 pts; Taiwan turns green

Indian equity benchmarks were showing some semblance of recovery after initial crash - the Sensex recouped about 300 points from intra-day low. Some Asian markets too started recovery. China's Shanghai, which was down 2.5% at one point, lost just 1%; same with Taiwan, which turned flat.

Nifty reclaims 5K; IT remains worst hit amid sell-off

BSE benchmark Sensex was extremely under pressure as experts feel that this is just a sentimental impact on world equities post S&P downgrade. But the Nifty managed to get back above the 5000-mark amid sell-off.

Falling crude turns good news bears for ONGC, BPCL

The benchmark Nifty has fallen sharply today but the fall was not as much as seen in US markets yesterday. Indian rupee crossed the 45 per US dollar mark, which could be meant that foreign institutional investors may be offloading their exposure; rupee was trading at 45.4/USD.

S&P ghost continues to hound, Nifty below 5K since June '10

Indian equity benchmarks got butchered on the back of worldwide sell-off on fears that S&P may downgrade other countries and companies post US downgrade.