Zomato, RIL, and BSE among stocks that mutual funds bought and sold in November
Here are the large, mid, and smallcap stocks that mutual funds bought and sold in November, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research.
Tech View: 100 DEMA to play key support for Nifty, buy on dips recommended. How to trade on Friday
The Nifty retested the rounding bottom breakout at 24,540, undergoing a time-wise correction in recent days. Once complete, an upward move is expected, with key support at the 100-DEMA near 24,350.
From a dining table startup to ₹572 Cr IPO: How MobiKwik prioritizes innovation over big-budget ads
MobiKwik, an Indian fintech company, launched a ₹572 crore IPO. Starting as a digital wallet, it now offers various financial products, focusing on tier 2 and 3 cities. With a frugal approach and focus on innovation, the company has achieved profitability and aims to expand its user base and product offerings.
Govt considering proposal to impose safeguard duty on steel imports
The Indian government is considering a 25% safeguard duty on steel imports to address concerns raised by domestic producers about rising imports, especially from China. While over 60% of imports arrive duty-free from FTA countries, the measure aims to protect domestic competitiveness. Imports have increased to 5.
I do not see any K-shaped growth; as we have grown, we have lifted all the boats: Arvind Panagariya
Arvind Panagariya, Chairman of the 16th Finance Commission, expressed optimism about India’s economic growth. He highlighted the significant progress made in the last 20 years, despite economic shocks, and projected India to become a major global player within the next decade. He emphasized the importance of addressing land and labor issues and advocated for equity […]
Budget should see a 30% increase in infra outlay to make up for lag of this year: Vinayak Chatterjee
Vinayak Chatterjee advocates for increased infrastructure spending to boost India’s GDP. He suggests a 30% increase in the infrastructure budget, reverting to pre-FY25 levels, and highlights the higher GDP multiplier effect of infrastructure investment compared to direct benefit transfers. He also calls for public-private partnerships in social infrastructure and a reduction in the GST on […]
Bajaj Housing shares drop 6% as 12 million shares hit market after 3-month anchor lock-in ends
Bajaj Housing share price: Bajaj Housing Finance shares dipped 6% as a three-month lock-in period for anchor investors expired, releasing 12 million shares. The stock debuted in September at Rs 150, currently down 11.43% from listing but up 3% in the last month. The company reported a 21% rise in Q2 net profit to Rs […]
New capex cycle led by private sector to drive India’s economic growth: Mahesh Patil
What we look at generally as a template when we evaluate some of these new-age technology companies, not talking about any particular company, is whether the company has established a kind of a competitive leadership over there, whether they have got the unit economics in place and whether they have enough strong balance sheet to […]
Be selective in PSUs, cement; gung-ho on 3 steel stocks: Hemang Jani
Market expert Hemang Jani sees strong potential in select PSUs like Bharat Electronics and HAL, along with power companies such as NTPC, particularly after its recent demerger. He also favors Bajaj Finance and cement companies, citing improving pricing and consolidation. Steel counters are also viewed positively due to anticipated stimulus from China and potential rate […]
Delhivery shares surge 3% as Macquarie gives Rs 460 target, maintains outperform rating
Macquarie also noted that Delhivery’s PTL business has scaled up while the operational efficiencies will scale up. The company is well placed to consolidate market share in e-com logistics.