PMS Tracker: Funds slump up to 10% in August; Valcreate, Ambit drag most while select portfolios advance
August proved volatile for PMS funds, with several small and midcap strategies logging steep losses—Valcreate’s Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallfort’s Avenue Fund and Valcreate’s Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.
Bajaj Housing Finance will give subpar returns, says Motilal Oswal: Here’s why
Motilal Oswal initiates coverage on Bajaj Housing Finance with a neutral rating. The brokerage anticipates moderate growth and subdued return ratios. Valuations appear stretched, trading significantly above the IPO price. AUM and profit are expected to rise, but at a slower pace. NIMs may face pressure. The financier has a granular loan book with good […]
Larry Ellison beats Elon Musk in billionaire’s game. Is Oracle ready to dethrone Tesla from the world’s top 10 list?
Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world’s richest person. This happened after Oracle shares surged, increasing the company’s market value significantly. Oracle’s rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the […]
Reliance Communications shares drop 2% on ‘fraud’ notice from Central Bank of India
Reliance Communications shares fell after receiving a show-cause notice from the Central Bank of India proposing to classify Rs 400 crore of loan accounts as “fraud” and report to the RBI. The company is under ongoing insolvency proceedings.
Gold prices dip for 2nd session as traders eye US inflation data. Are analysts predicting a reversal?
Gold prices declined on MCX due to profit booking before US inflation data. October gold futures traded lower, while silver futures also showed weakness. US PPI data had previously cooled off, supporting prices. Market awaits CPI data for further direction. Geopolitical tensions and central bank buying support gold and silver. Experts suggest ranges for trading […]
Fund Manager Talk | How Prateek Poddar picked winners for Bandhan MF’s Innovation Fund
Bandhan Mutual Fund’s Innovation Fund has delivered impressive double-digit gains, outperforming the Nifty 500 TRI significantly since its launch. Prateek Poddar attributes this success to a long-term investment mindset, in-depth research, and diversified stock selection focused on companies demonstrating innovation through profit pool shifts and new product creation. The fund sees consumption as a key […]
After 1000x subscription, check Austere Systems IPO allotment and GMP
Austere Systems’ Initial Public Offering of Rs 16 crore closed with huge oversubscription. Allotment was finalized. Refunds and demat credit are scheduled. Shares will list on the Bombay Stock Exchange SME platform. Investors can check allotment status on KFin Technologies or the Bombay Stock Exchange website. The IPO proceeds will fund working capital and general […]
Patanjali Foods shares in focus as stock turns ex-bonus for 2:1 issue on record date today
Patanjali Foods’ shares turned ex-bonus on Thursday, September 11, following a 2:1 bonus issue. Shareholders who held the stock by Wednesday’s close are eligible to receive two additional shares for each share owned. While the bonus issue expands holdings, the stock’s performance has been mixed, with a year-long decline contrasting recent gains over the past […]
Airfloa Rail Technology IPO opens today with 117% GMP. Check all details before subscription
Airfloa Rail Technology’s SME IPO will launched today. The IPO sees significant investor demand. The company plans to raise approximately Rs 91 crore through a fresh equity sale. The IPO will remain open until September 15. Airfloa manufactures components for Indian Railways and the aerospace and defence sectors.
JSW Cement shares in focus as 37 mn shares become free to trade. What lock-in expiry means for investors
Attention traders! 37 million JSW Cement shares, representing 3% of equity and valued at $62 million, become available for trading today as the one-month shareholder lock-in period expires. This event, the largest among peers this month, is expected to increase liquidity but could also create downward pressure if investors choose to sell.