Page 56 - Rec News Today

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

"It is a bankrupt company, it has no value left for equity shareholders. The kind of debt it has and the cash flows it is generating and can potentially generate will remain negative for years to come. There is no revival inside, they are losing market share and this is a very high operating leverage business, telecom people need to understand because once you have set the capacities, every incremental subscriber you get, you make money on that. But every incremental subscriber you are losi...

The REC is on a trajectory to achieve a green finance loan book of Rs 3 lakh Crore by the fiscal year 2030, a statement said.

The mutual fund industry saw about 19% of the total inflows coming into midcap funds in the said period. If we were to look at the 2023 period, then midcap funds garnered inflows worth Rs 14,444 crore, according to data shared by the Association of Mutual Funds in India (AMFI).

Indian benchmark indices ended Wednesday with gains led by buying action in bank and financial stocks. While the Nifty50 settled at 20,063.45, up by 70.25 points or 0.35%, the S&P BSE Sensex finished at 67,466.99, higher by 245.86 points or 0.37%. Banking gauge Nifty Bank closed higher by 398.10 points or 0.87% at 45,909.45.

Between midcap and smallcap funds, the latter has seen the highest inflows in 2023 to the tune of Rs 26,305 crore. On the contrary, largecap funds have seen net outflows of Rs 3,607 crore in the same period.

Top mutual funds bought fresh stakes in Inox Wind, BSE, RPG Life Sciences, Shivalik Bimetals Control and Thomas Cook (I) and hiked their holdings in Suzlon Energy, Minda Corp, SJS Enterprises and Medplus Health Services, according to a Nuvama report

“The fossil fuel energy ecosystem, be it oil and gas, coal or the power generators and all these companies are still giving a decent value. There are financials which are at reasonable valuations and some of the commodity companies are still offering valuations which appear to be reasonable in my view.”

“Axis Bank and ICICI Bank are better placed because they do not have those merger issues to deal with. In the near term, because HDFC Bank underperformed so much, we could see some outperformance, but longer term, I would prefer Axis or ICICI. Kotak, despite the severe underperformance, still is much more expensive than all the other banks.”

The Indian stock market marked an exceptional day on September 11 as several midcap stocks surged to reach new all-time highs.