In August, fund managers actively adjusted their portfolios, focusing on stock-specific opportunities. Significant shuffling occurred within the automobile sector, involving Maruti Suzuki, Mahindra & Mahindra, and others. Financial and IT sectors also saw rotations, with increased interest in Kotak Mahindra and ICICI among larger banks, while consumer saw Varun Beverages being bought and ITC and Hindustan Unilever being sold.
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