RVNL, Mazagon Dock among 140 multibagger stocks with higher retail holding versus institutional (23-10-2024)
Over 140 stocks that have more retail holdings than institutional in the past year have delivered significant returns. Nine state-run companies and numerous private sector companies are among these multibaggers. Experts advise caution as many lesser-known stocks have liquidity risks. Some stocks like Kaycee Industries and Cropster Agro are recommended for exit.
Market nudge higher; breadth positive (23-10-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, added 68.35 points or 0.09% to 80,289.28. The Nifty 50 index rose 12.80 points or 0.05% to 24,484.90.
Market nudge higher; breadth positive (23-10-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, added 68.35 points or 0.09% to 80,289.28. The Nifty 50 index rose 12.80 points or 0.05% to 24,484.90.
FIIs hike stake in 8 out of 10 IT stocks to play Fed rate cut cycle but retail investors left behind (23-10-2024)
FIIs have increased their stakes in 8 out of 10 top Indian IT companies to capitalize on the US interest rate cut cycle. Infosys, TCS, Tech Mahindra, HCL Tech, and Wipro saw notable FII stake hikes. While mutual funds also increased their stakes in several companies, retail investors reduced their holdings.
Buy Persistent Systems, target price Rs 6,300: Motilal Oswal Financial Services (23-10-2024)
Motilal Oswal Financial Services recommends buying Persistent Systems with a target of Rs 6,300. The current market price is Rs 5424.6. Persistent Systems reported a consolidated total income of Rs 2943.67 crore for the quarter ending 30-09-2024 and a net profit of Rs 325 crore. Promoters hold 30.66% and FIIs hold 23.34%.
Nifty futures down 7% thus far in Oct; FIIs remain short, retail bullish (23-10-2024)
F&O cues for Oct 23: FIIs have been net short in index futures since Oct 10; at present they hold 2 short bets for every long trade; Retail investors’ long-short ratio stands at 1.75.
Jubilant Foodworks (23-10-2024)
If they get the coca cola bottling deal, will it impact jubilant food?
Phoenix Mills Ltd Slides 4.15%, BSE Realty index Drops 1.27% (23-10-2024)
Phoenix Mills Ltd has lost 15.93% over last one month compared to 12.45% fall in BSE Realty index and 5.62% drop in the SENSEX