Monsoons are progressing well and this also augurs well for the markets going forward, says Rahul Shah of Motilal Oswal Financial Services
In the month of May mutual funds increased weightage on PSU Banks, Oil & Gas, Automobiles, Capital Goods, Insurance, and Private Banks.
Equity AUM of domestic MFs increased 7.7% MoM to Rs 11.1 lakh crore in May 2021.
SAIL is the biggest beneficiary of improved pricing
M&M’s strategy revolves around tighter capital allocation, turning around loss-making subsidiaries, and focusing on core automobile and farm busines
Value migration creates massive opportunity for sectors which see value inflow.
Brokerages are upbeat on SBI due to strong asset quality and record low slippages. The bank also holds unutilized Covid provisions of ~Rs 6,300 crore.
With a gain of 37.18%, TCI Express emerged as the top gainer in the BSE 500 index. Shares of the company jumped to Rs 1,295 on May 21 from Rs 944 on M
The management has set an ambitious outlook on double-digit ad revenue growth in FY22
Gland Pharma has purchased assets from a biologics company for Rs 90 crore and will be spending around Rs 180 crore additionally to develop & manufact