Norwegian Government Pension Fund Global has increased its stake in Bajaj Electricals by 1.73% on 11 August via open market transactions, bringing its total shareholding in the electrical appliances company up to 3.03%. Meanwhile, California-based venture capitalist firm Small Cap World Fund has reduced its stake to 3.36%, down from 5.3%. Bajaj’s shares rose 3.23% to INR1,077 ($16.80) on the news.
Memory stocks face headwinds as ‘smart money’ walks out
Memory stocks showed initial promise but are now faltering, weighed down by anxiety surrounding the artificial intelligence market. Sandisk and Western Digital reported declines, while