Even as net flows into smallcap funds in March turned negative, for the first time in 30 months, they remained a big draw for new investors. The smallcap fund category saw a net of 360,000 investment accounts, or folios, getting added last month, the second-most among all active equity categories. Smallcap funds’ continued traction could be driven by their strong performance across timeframes, say experts.
Posts tagged Rediff
Smallcaps Poised For Largest 5-Month Gain (30-04-2024)
Market players attribute the rally in small and midcaps to flows from retail investors and domestic institutions.
India’s gold demand up 8% in Q4 despite high price (30-04-2024)
India’s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India’s gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent.
Why Indian Corporates Lag In Buybacks (30-04-2024)
Many promoters still consider the cash in the company as their money and are averse to sharing this pie with minority investors, points out Akash Prakash.
How China Is Wooing Elon Musk (30-04-2024)
‘Companies like Tesla and others have been given a long rope in India.’
UltraTech Cement Q4 net profit up 35% to Rs 2,258.6 cr (29-04-2024)
UltraTech Cement Ltd on Monday reported a 35.24 per cent increase in consolidated net profit at Rs 2,258.58 crore for the fourth quarter ended March 31, 2024. The leading cement maker had posted a consolidated net profit of Rs 1,670.10 crore in the January-March quarter of the last fiscal, according to a regulatory filing from UltraTech. Its revenue from operations rose 9.41 per cent to Rs 20,418.94 crore during the period under review.
Ola Cabs’ Hemant Bakshi quits;10-15% staff to lose job (29-04-2024)
Ride-hailing company Ola Mobility CEO Hemant Bakshi has resigned from the company within four months of joining it, according to sources privy to the development. Sources also said that the company is planning to lay off 10-15 per cent employees.
India Inc feels the heat of West Asia conflict (29-04-2024)
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc – longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
Payments banks bat for new model (29-04-2024)
Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. The industry has been in talks with the Reserve Bank of India (RBI) for some time in seeking lending rights.
Mcap of BSE-listed companies soar to all-time high (29-04-2024)
The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent. The 30-share BSE Sensex rallied 941.12 points or 1.28 per cent to finish at 74,671.28. During the day, it zoomed 990.99 points or 1.34 per cent to 74,721.15.