Mutual funds were net buyers in Indian equities in May, adding stocks worth Rs 2,447 crore as compared to selling Rs 4,533 crore in shares in April. In the smallcap space, some of the major additions to the portfolios during the month include Jupiter Wagons, Nexus Select Trust Mall, Carysil, Chennai Petroleum Corp and Faze … Read more
Shares of , a subsidiary of , tumbled 15.3% to Rs 198.30 in Thursday’s intraday trade after the company recorded a 99% sequential decline in standalone profit at Rs 27.88 crore in Q2FY23 as against Rs 2,358 crore in Q1 FY23, impacted by windfall tax on exports. The standalone net profit slumped 57.4% to Rs … Read more
Indian equities may extend gains made during muhurat trading session, but likely selling in few index heavyweights could limit the upside. Here’s breaking down the pre-market actions: STATE OF THE MARKETS SGX Nifty signals a negative startNifty futures on the Singapore Exchange traded 33.5 points, or 0.19 per cent, lower at 17,859, signaling that Dalal … Read more
Chennai-based Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, picked up stocks such as Chennai Petroleum Corporation, National Oxygen and Monte Carlo Fashions. Chennai Petroleum surged 145% in the June quarter amid rising crude oil prices. Source link
Mumbai: Shares of oil refiners and producers surged on Wednesday after the government cut windfall taxes on fuel exports due to falling global prices. Analysts said the move will provide a sentimental boost to these stocks and eases regulatory overhang. But investors are unlikely to rush to buy these stocks as policy risks persist, said … Read more