MF Tracker: LIC, Damani’s Avenue Supermarts among top largecap stocks sold in May
Franklin Templeton Asset Management sold 0.1% of its stake in LIC, while Union Mutual Fund divested its entire holding?in May. Mutual funds were sellers in PSU stocks of Indian Oil Corporation and Hindustan Aeronautics, while stocks of Avenue Supermarts gave negative returns of over 1%. Leading mutual funds such as Axis Mutual Fund, Aditya Birla […]
Warburg Pincus sells 6.2% stake in Kalyan Jewellers for Rs 724 cr; Franklin Templeton, Nomura emerge buyers
The move sees it lower its holdings in the firm from 23.82% in March to 17.60% now. Domestic investors BNP Paribas Arbitrage and Franklin Templeton MF have ended up with a 1.63% and 0.84% stake respectively, while foreign investor Nomura has bought an 0.83% stake.
Mkts near fresh high, but why isn’t retail activity picking up? Here’s what Kamath says
Indian retail investors are turning away from equities and towards fixed deposit rates due to the high-interest rate environment, according to the co-founder and CEO of online brokerage Zerodha, Nithin Kamath. Despite markets hitting all-time highs, Kamath said the optimism wasn’t leading to increased retail interest. “Most retail investors question whether taking the added equity […]
Tech View: Nifty breaks above key resistance at 18,800. What should traders do next week
Nifty broke out above the 18,800 level and is close to surpassing the peak of 18,887 levels, accompanied by a long positive candle with minor upper shadow on the daily charts. The MACD showed a bullish crossover with a resistance level of 19,000 predicted to be on the horizon. Although the RSI and Nifty can […]
Why is it important for couples to discuss their financial goals? Bharat Phatak answers
The kind of phenomena and the change you are talking about, I mean, you said around 35 and below, so we are talking about millennials over here. Also, one thing, is this a very urban phenomena because in tier II and tier III towns, I mean, even if women are working but then they are […]
Easing input costs to keep retail inflation contained, says Crisil
Retail prices are expected to increase at a slower pace than last year as an easing of input costs and slower-than-expected demand weigh on consumer inflation, according to a Crisil report. Wholesale prices, which are more amenable to global price pressures, may also remain low as global supply chain pressures ease, as per Crisil.
Profit Powerhouses: Smallcap stocks with highest EPS growth in FY23. Which ones to buy?
Smallcap companies are stealing the show and driving growth for portfolios of retail investors, with mid and smallcap indices already at record highs. A study by ETMarkets showed the FY23 EPS of 116 smallcaps surged by over 100%, with at least 11 of these companies reporting growth of more than 1,000%. Telecom firm Vindhya Telelinks […]
Value Picks! 8 midcap stocks with below industry PE levels that can rally up to 41%
Low PE stocks are considered as value stocks and are best suited for long-term investment horizons. Oil India, Canara Bank, REC and Power Finance Corporation are trading at lower PEs than their respective industry PE, according to Trendlyne data. Meanwhile, these stocks belong to different industries and can rally up to 41%, Trendlyne data further […]
Mid & smallcap MFs see high traction in May; how long will the frenzy last?
Midcap and smallcap funds were preferred by investors according to data shared by Motilal Oswal Financial. Seven top schemes in assets under management revealed the highest increase in AUM on a month-on-month basis in May. HDFC Smallcap Fund led the pack, with a nearly 7% change in the net asset value. Despite earning growth concerns, […]
Fitch affirms Adani Green RG rating at BBB-, with stable outlook
The restricted group’s financial profile with debt-service coverage ratio (DSCR) of 1.44 times is stronger than that commensurate with a ‘BBB-‘ rating for the asset portfolio. This reflects considerable rating headroom at the current level, Fitch said.