The laggards: These 10 equity MFs lost more than 4% last month
There were around 621 equity and equity-oriented schemes in March. Out of this around 295 equity schemes offered negative returns. Here are the 10 equity schemes that lost more than 4% in March, according to ACE MF.
Tech View: Nifty 50 in consolidation mode; what’s the trade set-up for next week?
The index remained sideways throughout the session, reflecting a pause in the market trend, following the formation of a hanging man pattern. The sentiment may continue to remain sideways due to the lack of a directional breakout or pattern formation.
If monsoon is good, it should be good for all agri businesses: Nadir Godrej, Godrej Agrovet
Nadir Godrej is optimistic about cattle feed and aquafeed segments, emphasizing premium, efficient products with R&D results for sustainability. Muted margin performance may be affected by the hot summer, but good monsoon projections offer hope for the future. Nadir Godrej says: ” because of the high quality of our feeds, we expect the margins will […]
Realty stocks jump over 7% after RBI MPC leaves repo rate unchanged
The policy was a non-event for other rate-sensitive sectors like banks and auto. Nifty Bank was up by 0.40% at 48,242,on account of gains in HDFC Bank.
Technical Stock Pick: This FY24 multibagger stock breaks out from inverse head & shoulder pattern
Varroc Engineering stock’s breakout from inverse Head & Shoulder pattern led to a significant wealth increase for investors. Short-term traders eye Rs 600 target as experts anticipate a bullish trend towards Rs 595-613 in the coming weeks.
India benchmark bond yield briefly hits 2-month high, no surprise in RBI policy
The yield on the benchmark 10-year was at 7.1069% as of 11:10 a.m. IST, after closing at 7.0934% on Thursday. It had hit 7.1217%, the highest since Feb. 14, after the policy decision.
Vijay Kedia-backed Tac Infosec debuts at 174% premium over issue price
Tac Infosec shares debut at 173.6% premium on NSE SME platform. The IPO oversubscribed 300 times.
Smallcap Aavas Financiers’ shares jump 8% on Q4 disbursement uptick. Check details
Aavas Financiers shares surged 8% on NSE to Rs 1,551.95, driven by 20% disbursement growth. AUM was at Rs 17,300 crore with 22% uptick. 21 new branches have opened, totaling 367.
Kacholia-backed Radiowalla Network lists at 58% premium over IPO price
Radiowalla Network, supported by Ashish Kacholia, saw a 57.9% premium on NSE SME. The oversubscribed IPO’s proceeds will enhance B2B services, AI playlists, and DOOH ads, with FY23 revenue at Rs 14 crore.
Hot Stocks: Brokerage view on Dabur, Bajaj Finance, Aavas Financiers and HDFC Bank
Macquarie and Citigroup have given ratings on HDFC Bank, Dabur India, Aavas Financiers, and Bajaj Finance. Citigroup adjusted targets for Dabur India. Aavas Financiers is aiming for stable RoA, while Bajaj Finance expects NIMs reduction.