With September rate cut almost a certainty, long duration debt MFs advised: Marzban Irani of LIC Mutual Fund AMC
Lower interest rates, global bond inclusion, and increased demand from long-duration investors favor longer-duration assets. Investors should remain engaged in the falling rate cycle, Marzban Irani, CIO of Fixed Income at LIC Mutual Fund AMC, tells ETMarkets.
NBCC announces issue of bonus shares in 1:2 ratio; to use Rs 90 cr free reserve
State-owned NBCC (India) Ltd has approved the issuance of bonus shares in a 1:2 ratio, utilising Rs 90 crore from free reserves. The company will distribute 90 crore bonus shares, with October 7, 2024, set as the record date. This move aims to boost shareholder value and reflects the company’s strong financial position.
Emami to acquire remaining 49.6% stake in ‘The Man Company’
Emami has completed the acquisition of the remaining 49.6% stake in Helios Lifestyle, full owner of ‘The Man Company’. This final acquisition strengthens Emami’s presence in the digital-first premium male grooming segment, complementing its existing brands. Emami plans to further enhance the growth potential of The Man Company.
197 smallcaps offer double-digit returns as markets continue record-breaking run in August
Domestic markets saw a steady rise in August, with the Sensex gaining nearly 1%. Smallcap stocks outperformed, with 197 of them offering double-digit returns, and some even rising over 50%. Analysts maintain a positive outlook due to domestic inflows and potential Fed rate cuts in the September meeting.
3 Adani Group stocks eligible for inclusion after Sebi’s F&O entry, exit norms’ revision
Adani Green Energy, Adani Energy Solutions, and Adani Total Gas are eligible for entry into the derivatives segment. Nuvama estimates these stocks may enter the F&O market, with SEBI’s final decision pending.
FPIs remain net buyers of Indian equities at Rs 7,320 crore in August
In August, Foreign Portfolio Investors (FPIs) were net buyers of Indian equities at Rs 7,320 crore, increasing their 2024 total to Rs 42,886 crore. FPIs’ recent activity shows a fluctuating trend, with notable purchases in July and February-March, and sales in April-May and January.
Block deals worth over Rs 43,068 crore this week. HDFC Bank, Indigo, RVNL among stocks with major action
Nifty gained 1.6% weakly, but saw notable block deals totaling Rs 43,068 crore across large, mid, and smallcap stocks. Significant transactions included HDFC Bank at Rs 19,131 crore, Interglobe Aviation at Rs 12,033 crore, and others between Rs 240 crore and Rs 121 crore.
Bharti Airtel, IndusInd Bank among 7 stocks in Prabhudas Lilladher’s new conviction picks
Prabhudas Lilladher has revised its high-conviction stock picks, dropping HDFC Bank, ITC, Maruti Suzuki, Eris Lifesciences, and TCI Express due to recent rallies and slower growth.
98 stocks to see dividend, bonus, split, rights issue next week
Ircon International, Deepak Fertilisers, and Sapphire Foods are among the companies set to be in focus next week as they reach record dates for dividends, bonus issues, rights issues, and stock splits. Record dates determine eligible shareholders for these offers, ensuring shares are in demat accounts by the stipulated time.
3 top stock recommendations from Rajesh Palviya for next week
The way broader market is participating in this up move, largecap space is also showing good strength and sectorial rotation is also happening in this up move. So, that clearly giving us confidence that possible rally can extend to 25,400 to 25,500 kind of zone in the continuation of this up move