A closer look at the data revealed that these funds have lost their appeal in the current calendar year. There are approximately 39 schemes in this category, and all have posted negative returns so far, ranging from -0.43% to -17.02%.
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.
Analysts at Nomura and Jefferies, however, maintain ‘Buy’ ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts
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