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Prudent’s stock has plummeted more than 40% from its peak price

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.

Specialty portfolio emerges as a strong growth driver over the years

Sun Pharma is the largest pharma company of India with about 8.2 percent market share in the domestic formulation industry. It also gets a sizeable revenue from its global specialty business which fetches higher margin than the pharma generic business. Key watch for company in coming months is the progress for Specialty pipeline, the US tariffs on pharma products and expansion of domestic field force.

VI, Adani Enterprises, Suzlon Energy among the top gainers and losers in trade on December 30

Stock of the Day | Aptus Value: Is it a good time to add this affordable housing finance player?

Aptus Value is an established housing finance company in south India, targeting first-time home buyers in the tier 3/4/5 cities. The company’s market leading position in the low-ticket informal housing finance segment provides good pricing power and higher yield, which helps to protect margins. However, the loan book is riskier, and the asset quality needs continuous monitoring.

Maruti Suzuki announces price cut for select variants of Alto K10, S-Presso, shares gain

The stock gained shortly after the price cut update and was trading at Rs 12,441.45 per share on the NSE, up 0.31 percent.

Lab-grown diamonds in focus: Ramesh Damani, Ashish Kacholia hold shares in this listed player

India's lab-grown diamond sector is hogging the limelight following prime minister's gift and rising exports

Buzzing Stocks: Infosys, HDFC Bank, Ipca Labs, Mahindra Logistics and others in news today

Stocks to Watch: Check out the companies making headlines before the opening bell today.

Glenmark gains 2% after launching Zita Piomet for type 2 diabetes

The drug contains Teneligliptin (20 mg) + Pioglitazone (15 mg) + Metformin (500mg/1000mg) in a sustained release (SR) formulation and help to improve glycemic control among adults with High HbA1ci and high insulin resistance.

Paytm stock volatile as brokerages mixed on results

Paytm stock at 10.20 am was trading at Rs 969 on BSE, up 1.7% from its previous close. The stock hit a high and a low of Rs 984 and Rs 898 respectively.

Bank of Baroda surges 7% on lower provisions, improving asset quality

The stock touched a high of Rs 114 on BSE and gained as much as 6.94%. At 9.50am, the scrip was trading at Rs 113, up 6.5% from previous close.

IndiGo shares gain 3% after posting surprise profit

IndiGo's yields grew 19.2 percent to Rs 4.41 per kilometre at the end of December. Passenger load factor rose to 79.7 percent from 72 percent a year ago

Lux Industries locked in 20% lower circuit after executive director is banned for insider trading

Sebi has banned executive director Udit Todi, who is also the son of the company’s managing director

Zomato goes ‘Pushpa, I love tears' as its share price crashes

Zomato share price: In what could perhaps be a sheer coincidence (or not), the food delivery platform took to Instagram on the day of the markets bloodbath.

Zomato share price slips below Rs 100 for the first time

The stock has fallen for five consecutive sessions and dropped nearly 25 percent during the period, wiping out around Rs 26,000 crore of investor wealth

Morgan Stanley reduces stake in Paytm substantially

Morgan Stanley’s name is missing from the key shareholders' list, as per data. However, it is not clear whether the brokerage firm has sold its entire stake in Paytm or its ownership has come down to less than one percent.

Buzzing Stocks: RIL, HDFC Bank, Mindtree, HCL Technologies and others in news today

Stocks In the News: Check out the companies making headlines before the opening bell.

Buzzing Stocks: Tata Steel, Greaves Cotton, HAL and others that will be in focus today

Check out the companies making the biggest headlines before the bell.

Nifty Bank rallies nearly 1,000 points; IndusInd Bank up 10%, Federal Bank 8%

On the technical front, the outperformance continued on the first day of the September series as well. The Bank Nifty outperformed the benchmark indices in the August series and rallied by more than 9 percent.

Stocks in news: ITC, TTML, IRB Infra, Oil India, Indo Borax