A propped-up valuation gives a rosy picture of the portfolio to a fund’s investors and paves the way for the fund manager to attract more money from new as well as old investors when it goes for the next round of fund-raising.
LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after
Apollo Micro Systems shares surged to an intraday high of Rs 400, extending a sharp rally fueled by robust Q4 FY26 results. The company reported
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