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New-age consumer technology stocks continue to attract investors on Dalal Street. Mutual funds and foreign institutional investors have increased stakes in five out of the six listed companies in the December quarter. Zomato is the top-performing stock, with a staggering 154% returns in FY24. Paytm, PB Fintech, and Nykaa have also seen an increase in investor interest. Ant Group has exited Zomato, while One97 Communications and Delhivery have trimmed down their losses. Analysts remain positive on Paytm and PB Fintech, but less bullish on Nykaa due to competition in its segments. ....
MFS Investment Management has shared views on the key themes the pensions industry will be following in 2024, including consolidation, active management, adequacy and sustainability. ....
To enhance the selection process, only stocks that have seen a price increase of over 25% from the start of December until now were taken into account, resulting in a thoughtfully curated list of eight stocks. ....
Retail investors continued to allocate to their equity mutual fund portfolios using systematic investment plans (SIPs) whose collections touched a new high of ₹17,610 crore, higher by ₹537 crore than the previous month s ₹17,073 crore. ....