HDFC Mutual Fund increases stake in IndusInd Bank despite stock plunging 32%

HDFC Mutual Fund increases stake in IndusInd Bank despite stock plunging 32%

HDFC Mutual Fund has increased its stake in IndusInd Bank by acquiring an additional 0.20% of the bank’s paid-up shares. This move comes during a period of significant market fluctuation for the bank, which recently faced a sharp decline in its share value after announcing discrepancies in its internal derivatives accounting. The banking stock closed … Read more

Rajiv Jain’s GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter

Rajiv Jain’s GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter

Rajiv Jain‘s GQG Partners has raised its stake in Adani Group-owned Ambuja Cements by 70 bps to 2.05% in the September quarter. In the three-month period that ended on June 30, 2024, Jain’s GQG Partners Emerging Markets Equity Fund held 1.35% stake in the cement manufacturer. The 2.05% stake in Ambuja represents over 50 lakh … Read more