Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction.
Mutual fund SIP stoppage ratio spikes to 123% in February
The mutual fund SIP stoppage ratio rose to 122.76% in February, up from 109.15% in January, as more investors discontinued SIPs than started new ones. SIP inflows dropped nearly 2% to Rs 25,999 crore, while total SIP AUM stood at Rs 12.37 lakh crore. Experts suggest the decline is seasonal and encourage investors to stay […]
13 stocks held by over 100 MFs in February, see 30%+ drop in CY25
Over 100 mutual fund schemes hold 197 stocks, but 111 saw a 10%+ decline in CY25. Among them, 13 stocks dropped over 30%, including Oracle Financial, PB Fintech, and Polycab India.
S Naren’s warning impact? Smallcap mutual fund inflows decline 35% in February
Small-cap mutual fund inflows fell 35% month-on-month to Rs 3,722 crore in February, down from Rs 5,720 crore in January, amid S. Naren’s caution on small- and mid-cap stocks. However, yearly inflows remain 27% higher than February 2024. Experts believe the post-COVID rally in small-cap schemes has paused, signaling a shift in investor sentiment.
Rang barse! 56 multibagger stocks defy market slump, soar up to 760% since last Holi
Despite market volatility, 56 stocks have retained multibagger status, delivering up to 760% returns since March 2024. Smallcaps like Ashika Credit Capital, Aayush Art, and Indo Thai Securities led gains, significantly outperforming the broader market, which returned only 1.6%. The average returns of these 1,465 stocks stand at 9.14%, thanks to the weight thrown around […]
Pi Network Coin jumps 13% but still well below peak—Will the rally last?
Pi Network Coin surged 13% to $1.68 on Thursday but remains 44% below its all-time high of $2.98. The broader crypto market rebounded, with Bitcoin hitting $84,000 and XRP rising 4%. The recovery follows a sharp sell-off earlier in the week due to macroeconomic uncertainties and concerns over Trump’s tariff policies, which had pushed Bitcoin […]
Dr. Doom sounds the alarm! Marc Faber warns Indian investors to exit before it’s too late
A veteran market commentator, Faber earned his moniker after repeatedly warning about the 1987 stock market crash, which eventually came to pass. Since the 1970s, he has been publishing bearish forecasts, initially for personal use, during a time when many Americans were largely unaware of foreign exchange dynamics and the dollar’s valuation against gold and […]
Rs 6,500 cr pulled out of debt funds in February. Is there trouble ahead?
The majority of February’s redemptions were concentrated in short-duration funds, with ultra-short duration funds seeing withdrawals of ₹4,281.02 crore, money market funds ₹275.96 crore, and low-duration and overnight funds ₹2,263.94 crore.
Motilal Oswal sets Rs 485 target price for Coal India, sees 26% upside on strong prospects
Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on […]
Chandigarh man who found Rs 12 lakh worth Reliance shares plans to walk away
A Chandigarh resident discovered 37-year-old Reliance share certificates worth Rs 12 lakh but decided against digitization due to bureaucratic hurdles. Social media users urged him to reconsider, citing shorter timelines and outsourcing options.