Despite FII and mutual fund stake reductions, some smallcap stocks rallied. Netweb Technologies, Rishabh Instruments, and Ashapura Minechem gained significantly. These companies show strong financials like earnings growth and low debt. Geojit Investments suggests FII outflows are due to valuation differences. India’s economic recovery and policy measures may attract FIIs back. Market could rally, potentially reaching new highs.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The