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Rakesh Parekh talks about the key drivers for the market — a combination of ample liquidity, pro-growth government policy direction, investments and capex entering an upcycle as well as corporate balance sheets that remain conducive for investments. He says: \”We are encouraging clients to add to their equity positions with a long-term perspective in mind to take advantage of this opportunity.\”
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
After falling about 17.5% from the top, the stock is now at an important support level but the underlying trend is bearish. \”The stock has an important support at Rs 1,350 and resistance at Rs 1,500. Heavy short positioning ahead of results, with OI up 16% and stock down 2% this expiry,\” Emkay Global said.
The company reported a PAT of Rs 4,028 crore for the quarter ended December 2023, which was up 6.5% as compared to the previous quarter. The EBIT growth was also 8% up while the expenses had decreased by nearly 6% for the same period.
With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.
The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
Asian shares reacted to the dollar\’s strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell\’s cautious stance and IMF\’s growth forecast added to the market dynamics.
Asian shares reacted to the dollar\’s strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell\’s cautious stance and IMF\’s growth forecast added to the market dynamics.
SHANGHAI/BERLIN (Reuters) -Tesla\’s global job cuts include reducing staff in the U.S. and China, the automakers\’ two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.
According to bulk deal data on BSE, the DMart founder bought an additional 1.51% stake in the cigarette maker for a total amount of Rs 86.26 crore through open market deals. The ace investor bought 2.33 lakh shares in the company at Rs 3,689.96 per share.