Quant Small Cap, the largest scheme under Quant Mutual Fund, raised its stake in Adani Power and four other stocks while trimming exposure to six counters during September. The fund increased holdings in Adani Power, Aster DM Healthcare, Bata India, Usha Martin, and Zydus Wellness during the month. It added 4.91 crore shares of Adani … Read more
Mumbai: Anand Rathi Share and Stock Brokers is preparing to launch its ₹745-crore initial public offering (IPO) this month, said people in know of the matter. This will be the second company from the financial services group to tap the primary market. “The company is likely to announce the price band soon,” said a person … Read more
“On the NSE, I think will be unchanged. BSE will get a benefit of this in my opinion in a medium-term because Thursday is closer to a weekend. Weekends are the most important for a hedger to hedge. So, they will start using Sensex to hedge their cash positions rather than Nifty,” says Feroze Azeez, … Read more
Higher Promoter Pledge “Promoter Increasing Pledge” refers to a situation where company promoters are pledging a larger portion of their shares as collateral for loans or other financial purposes. In the Nifty500, we have highlighted the top 5 stocks with an increase in promoter pledge during the December ’24 quarter compared to the September ’24 … Read more
Naveen Mathur, Director – Commodities, Currencies and International Business, Anand Rathi Wealth, says the overall perception is that the rupee might continue to 85 levels or so where the RBI might start intervention. They might be intervening because we have seen that the dollar reserves at the RBI in the end of September was at … Read more
Anand Rathi Wealth reported a consolidated net profit of Rs 76 crores for the quarter ended September 30, 2024 which is an increase of 32% compared to July- September 2023 (Q2FY24) period when the company had posted a profit after tax (PAT) of Rs 57 crore. The total revenue stood at Rs 250 crore in … Read more
Rakesh Rawal, CEO, Anand Rathi Wealth, says it is easier to get flows when market sentiment is backed by investor confidence. When there is a little bit of turmoil, then more efforts are needed to build confidence and the past has shown that extra efforts do not change the direction of flows. So, yes, if … Read more
Quant Mutual Fund: Mutual fund investors were shocked after the Securities and Exchange Board of India (SEBI) initiated a probe against AMC Quant Mutual Fund over charges of front running. The regulatory body has identified trading behaviours indicating potential front-running activities by an individual connected to the fund. In response to these findings, the Asset … Read more
About 12 smallcap stocks that have given multibagger returns of upto 412% in 2023 so far, saw retail investors increase their holdings for three consecutive quarters. These 12 stocks are Anand Rathi Wealth, Control Print, Gravita India, IRCON International, Jupiter Wagons, KDDL Ltd, Kilburn Engineering, KSolves India, Saksoft, Shilchar Technologies, Sky Gold, and Som Distilleries … Read more
Feroze Azeez, Dy CEO, Anand Rathi Wealth, says “smallcap stocks are the bottom 250 stocks of NSE 500 as per SEBI’s definition for a mutual fund investor. Putting 250 companies in one judgment itself is fundamentally incorrect. The smallest stock in the smallcap index is a Rs 3,200-crore market cap company and the largest one … Read more