MUMBAI – Concerns over high valuations in the smallcap universe seems to have ebbed as stocks rallied in the week gone by and outperformed benchmarks by a wide margin. As many as 400 smallcap stocks gave double-digit returns of upto 52% in the week ended April 5, data by Ace Equity showed. Of these 400 … Read more
Boosted by positive Q1 earnings by some counters and strong global cues, Indian equities rallied to fresh record highs for yet another session on Thursday. Nifty ended shy of 20,000 levels. Nonetheless, Friday’s session may be influenced by Infosys earnings wherein the IT behemoth sharply slashed its revenue guidance for FY24. Here’s how analysts read … Read more
Index aggregator MSCI Inc has rejigged the Global Smallcap index as part of its review, which will see 14 Indian stocks enter the index, and nine exit, effective May 31. Action Construction Equipment, Anupam Rasayan, Bikaji Foods, Fusion Micro Finance, IRCON International, Kaynes Technologies, KFin Technologies, Maharashtra Seamless, NMDC Steel, Power Mech Projects, Rail Vikas … Read more
Four financial service companies, including three banks, from the smallcap space have turned multibaggers since last year’s Holi, according to an analysis by The Economic Times. Karnataka Bank was the top gainer among the financial pack, with a rise of over 153%, followed by Ujjivan Financial Services, whose shares have risen 145%. Meanwhile, South Indian … Read more
Various widely tracked companies like L&T, Bajaj Finserv, Sun Pharma, Coal India, Tech Mahindra, Britannia, Ashok Leyland and Jubilant FoodWorks would be releasing their December quarter report cards this week. Here’s a list: January 30 Larsen & Toubro, Bajaj Finserv, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Holdings & Investment, GAIL, SRF, , REC, Laurus Labs, … Read more
New Delhi: Ever since the Covid-19 pandemic hit, followed by a steep cash in stocks, a large number of Indian equities have delivered massive and multibagger returns to the investors. However, not everything turned to gold on Dalal Street as a handful names have been unable to deliver positive returns even in the last 105 … Read more
Kolkata: Suryoday Small Finance Bank has raised Rs 170 crore from 13 anchor investors, including Axis Mutual Fund Trustee, ICICI Prudential Life Insurance Company and Goldman Sachs, at Rs 305 per equity share – the upper band of the IPO price. The allocation covered 29% of the IPO size and 68.4% of the total fresh … Read more
KOLKATA: The Rs 12,000-crore microfinance industry in Assam is facing a double whammy. The promises of waiver for micro loans by political parties made in the last few days in the poll-bound state have triggered an alarm while the state assembly only recently passed the microfinance bill suggesting restrictions of certain business practices. Investors planning … Read more
The Kuala Lumpur based private equity firm Creador has acquired about 17% stake in Shriji Polymers- a leading packaging solution provider for global pharmaceutical industry for Rs 250 crore. Creador has bought out existing investor – Tata Capital. Creador has acquired about 13% stake held by Tata Capital and another 4% stake held by promoters. … Read more