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Amid the ongoing uncertainty on Dalal Street, the market value of at least 10 companies on the BSE have declined by over Rs 25,000 crore in the past 35 trading sessions since January 1, 2022.
Data available with corporate database Ace Equity showed LIC upped stakes in more than 70 companies from the BSE 500 index.
With the rapid vaccination drive, robust high-frequency data and robust liquidity, the benchmark BSE Sensex gained over 19.37 per cent since the last Budget, or February 1, 2021.
Initial shareholding data showed that promoters have increased their stake in at least 16 BSE 500 companies during the quarter gone by.
Signs of demand revival in the leisure travel segment coupled with expectations of a sharp recovery in FY22 earnings have analysts gung-ho on Indian Hotels Company (IHC), whose shares have rallied a whopping 105 per cent from the 52-week low levels hit in May last year. However, on a year-to-date (YTD) basis, the shares have underperformed Sensex and peers, and even since September last year. IHC stock has added 3 per cent YTD as against a nearly 7 per cent rise in Sensex. While since the end of September, it has gained 31 per cent vs a 34 per cent jump in the benchmark, Ace Equity data sho...