Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, has made a complete exit from Mazagon Dock from its portfolio in January and has reduced its stake in Cochin Shipyard and HUDCO before Budget.Around 4.21 lakh shares of Mazagon Dock were sold from the portfolio in January. The small cap fund reduced … Read more
Oil India and Vertoz Advertising, along with several other companies, are expected to remain in focus this week as they approach their record dates for bonus issues, stock splits, buybacks, and demergers. The record date is set by the company to determine which shareholders are eligible to receive the offer. To qualify for a buyback … Read more
Even as the global market mood remained mixed, Indian equities continued their northward journey with the indices scaling fresh all time highs. Nifty galloped to a new high of 19,732 intra-day, but ended 0.75% higher at 19,711. Similarly, Sensex also notched a new high of 66,656 levels and settled at 66,590, up 529 points or … Read more
Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more