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Indian stock markets tumbled on Monday as rising oil prices and escalating tensions between Iran and the US rattled investors. Heavyweight bank stocks took a hit due to unremarkable quarterly results. Despite this, broader market indices managed to maintain relatively better performance than the benchmarks. Market players now look forward to the US Federal Reserve’s…
Shares of Som Distilleries surged after veteran investor Prashant Jain acquired a 1.22% stake in the company during the June quarter, according to the latest shareholding data. The investment boosted investor sentiment despite the liquor maker reporting weak earnings in the previous quarter.
Foreign institutional investors raised stakes in these smallcap stocks for two straight quarters, and the strategy paid off as select names delivered multibagger returns of up to 450% in six months.
Mrs Bectors Food Specialities shares surged on Monday, extending their three-day gains to over 25% after Sunil Singhania’s Abakkus Investment Managers acquired a nearly 1% stake through a bulk deal. Investors cheered the marquee investment even as the company awaits its June quarter earnings announcement.
Euro zone companies expect slower growth in selling prices and wages over the next year, according to the ECB’s latest survey, signalling that inflationary pressures remain contained despite higher energy costs. The findings strengthen expectations that the central bank may keep interest rates unchanged this week.
SBI Funds Management is set to debut on the stock market on Tuesday, with an estimated 18% listing gain based on the current grey market premium. While its blockbuster subscription has raised expectations, history shows billion-dollar IPOs have delivered mixed outcomes. Winners like Eternal and ICICI Prudential AMC contrast with weak debuts by LIC, Paytm…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Ace investors Ashish Kacholia, Mukul Agrawal, Dolly Khanna and Madhusudan Kela pared stakes in select smallcap stocks during Q1 FY27, booking profits after a strong market rally and pruning weaker holdings. Even as analysts remain selectively bullish on fundamentally strong small and midcap names, they caution that elevated valuations leave little room for disappointment.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…