Zerodha’s CEO Nithin Kamath announces a strategic pivot due to upcoming regulatory changes in the capital markets. Despite a 62% profit increase, the company anticipates revenue hits from new SEBI regulations, increased securities transaction tax, and changes in brokerage fees. Zerodha plans to diversify its offerings beyond derivatives.
Posts in category Economic Times
Havells India shares decline 1.16% as Sensex slides (25-09-2024)
A total of 12,032 shares changed hands on the counter till 01:07PM (IST)
Tata Elxsi share price down 1.18 per cent (25-09-2024)
A total of 3,782 shares changed hands on the counter till 01:02PM (IST).
Shares of Canara Bank fall as Nifty drops (25-09-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 109.66.
KRN Heat Exchanger IPO subscribed 7.5 times so far on Day 1. Check GMP, other details (25-09-2024)
The IPO of KRN Heat Exchanger opened for subscription earlier today and saw strong demand, being subscribed 7.5 times on the first day. By noon, non-institutional investors (NIIs) had subscribed 14.75 times, while the retail category was subscribed 8.8 times.
Varun Beverages declines 1.77% as Sensex slides (25-09-2024)
The stock traded at a P/E multiple of 85.31, while the price-to-book value ratio stood at 23.16.
Shriram Fin raises $500 mln in second bond this year (25-09-2024)
Shriram Finance raised $500 million through a dollar bond at 6.15%, driven by strong demand. Biocon Biologics plans to follow with a $950 million bond for refinancing.
IRCTC shares fall 1.38% as Nifty drops (25-09-2024)
A total of 26,696 shares changed hands on the counter till time (IST).
Bharat Forge stock price down 0.73 per cent as Sensex slides (25-09-2024)
As of 30-Jun-2024, promoters held 45.25 per cent stake in the company, while FIIs held 17.03 per cent and domestic institutional investors had 19.35 per cent.
Dipan Mehta on why he is happy to sit on 10-15% cash in a booming market (25-09-2024)
Dipan Mehta, Director of Elixir Equities, discusses his strategy of maintaining 10-15% cash for strategic investments. He highlights the performance of his portfolio, mentioning key holdings like Bajaj Finance and IndiGo. Mehta also shares his positive outlook on the travel and tourism sector and cautious stance on the EMS space.