“In Q1, it looks like there is a dip by about 2% in market share, but if you compare it with the March 2022 figures and the June figures, it is up by 2.1%. The IRDA figures are already out and in July, we gained about 3% of the market share. This market share gain has come on the back of very strong performance in the P&GS business.”
“In Q1, it looks like there is a dip by about 2% in market share, but if you compare it with the March 2022 figures and the June figures, it is up by 2.1%. The IRDA figures are already out and in July, we gained about 3% of the market share. This market share gain has come on the back of very strong performance in the P&GS business.”
The rupee appreciated 44 paise to 79.30 against the US dollar in the opening trade on Wednesday, mainly on account of foreign fund inflows.In the international market, gold was quoting lower at USD 1,772 per ounce while silver was flat at USD 19.96 per ounce.
In value terms, MFs held Rs 1,343.41 crore worth of Zomato shares at the end of July against Rs 963.44 crore in June. Since July 27's low, the scrip has risen a massive 61 per cent. This is till Wednesday's intraday price of Rs 65.20.
Despite a muted Q1 performance from the hospital chain, analysts see an up to 45 per cent upside potential in the counter as they are expecting the second quarter to be better than the first one.They also believe that occupancy will increase in the September quarter and the acquisition of Sunshine will support its bottomline.
The scrip surged 20 per cent to hit a high of Rs 82.95 on BSE. At this price, the scrip was up 51.92 per cent over the August 10 closing of Rs 54.60. Rare Investments bought 42.5 lakh shares in a bulk deal at Rs 53.50 apiece, out of 1.2 crore shares sold by Singer promoter Retail Holdings India BV in Tuesday's trade.
“Singer’s new owners were looking for some Indian investors to help it grow and that is why on Tuesday there was sale of some stake by Retail Holdings (India) B.V. The new local investors including Rare Investments are financial investors but they will help chalk out plans to grow the company as well.”
"Risk appetite globally has increased and a lot of money is moving to equities. Investors have faith that central banks and governments globally will tackle macro issues relating to inflation and growth well. Corrections have been small in terms of value and time and fresh buyings are happening every fall," said Deepak Jasani of HDFC Securities.
The company has not taken any such decision as reported in the news article; and as such, no event has occurred that would have triggered an obligation for the company to make a disclosure under Regulation 30 of SEBI Listing Regulations," it said.
"During the quarter ended June 2022, the value of FPI investments in Indian equities fell by 14 per cent to USD 523 billion from USD 612 billion recorded in the previous quarter," the report noted.As of June 2021, the value of FPI investments in Indian equities was USD 592 billion.FPIs' contribution to Indian equity market capitalisation also fell during the quarter under review to 16.9 per cent from 17.8 per cent in the March quarter.