May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more
The last week of 2023 is anticipated to be sluggish as many foreign institutional investors (FIIs) are in holiday mode to celebrate Christmas and New Year, says Kunal Shah, senior technical & derivative analyst at LKP Securities. “Despite this, the Indian market is likely to exhibit strength, and a sustained Nifty level above 21,300 could … Read more
Saurabh Mukherjea, Founder, Marcellus Investment Managers, says “China’s economic boom over the last 20 years supported commodity prices. China’s economic unwinding, perhaps its economic collapse over the next 10 years, will have a deflationary impact. As and when that becomes apparent to bond markets and to central banks, the narrative that we are close to … Read more
Mumbai: Analyst downgrades in earnings estimates of Indian companies for FY24 outnumbered that of upgrades in the past four weeks after the June quarterly results. Out of the Nifty 100 companies, 41 including UPL, Tech Mahindra, Vedanta, SRF, ACC, Grasim, and Tata Steel, among others, witnessed Earnings Per Share (EPS) downgrades for FY24, while 32 … Read more
“Yes, our quarter-on-quarter growth in HPPC continues to remain strong and we have covered up any loss of customer sale. In terms of margins, if you see consecutively in the entire group, we have been able to increase gross margins and EBITDA margins quarter-on-quarter for the last three quarters,” says Sunil Srinivasan Chari, MD, Rossari … Read more
In terms of Reliance, I think it will clearly continue to do well. IT to an extent, yes it has already had a fairly good rally but again as we go closer to IT companies reporting in less than a couple of weeks that the expectations will kind of pick up given that Accenture has … Read more