Mutual fund fees and brokerage caps proposed by the capital markets regulator sent shares of brokerage firms and asset management companies tumbling. Investors fear a significant hit on revenues and profitability, with Jefferies estimating a 30-33% earnings impact on some AMCs. Mutual fund officials anticipate brokerages and distributors will bear the brunt of these changes.
Tiny Titans: 11 penny stocks surged up to 180% in 3 months. Do you own any?
Eleven low-priced stocks with market caps below Rs 1,000 crore and share prices under Rs 20 have gained up to 181% over three months. Kapil