Shares of NIIT have surged 54% on the BSE since ace investor Ramesh Damani acquired a 0.59% stake in the education company through an open market transaction on Friday. The stock gained 18.51% in Tuesday’s session, reaching a fresh 52-week high of Rs 182.90. Damani’s stake, valued at Rs 10.02 crore, involved purchasing 8 lakh … Read more
Ace investor Ashish Kacholia has reduced his holdings in three smallcap counters in the March ended quarter viz Aditya Vision, Safari Industries (India) and Universal Autofoundry. Kacholia trimmed his stake in Aditya Vision by 12 bps to 1.87 at the end of the January-March quarter versus 1.99% at the close of the December quarter. Aditya … Read more
NEW DELHI: Billionaire Nithin Kamath, who owns and runs India’s largest stock broker Zerodha, on Friday said the decision of Reliance Industries (RIL) to announce the cost of acquisition for Jio Financial demerger on ex-date might have helped in better price discovery. “Companies normally take time, even after ex-date, to announce COA (cost of acquisition). … Read more
New Delhi: After a sharp beatdown over the past few weeks, IT stocks emerged as the best performers, rising up to 18 per cent in the last five sessions from the close on the first Friday of August 2022. IT stocks in the recent weeks have remained under pressure lately, with stocks eroding up to … Read more