Vijay Kedia reduced stake in two smallcaps, namely Tejas Networks and Elecon Engineering Company during the September quarter by 12 bps and 18 bps, respectively. Kedia publicly holds 15 stocks with a net worth of over Rs 1,404.1 crore.
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.
Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling.
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