RVNL shares spiked 10% to Rs 569.6 after an 8.4% decline following its Q1 results, which reported a 35% drop in net profit and a 27% fall in revenue. Despite this, shares rebounded by 9.3% by 11:30 am. Technical indicators show mixed signals, with the stock trading above several SMAs.
Sebi may allow AMCs to handle family office funds
SEBI has proposed to permit asset management companies (AMCs) to extend their services to pooled non-broad based funds, including family offices. Currently, AMCs are restricted