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Midcap mutual funds like Sundaram Mid Cap Fund and Nippon India Growth Fund saw significant growth, while Tata Mid Cap Growth Fund, Aditya Birla SL Midcap Fund, Quant Midcap Fund, and Taurus Mid Cap Fund also performed well. ETMutualFunds provides analysis and answers mutual fund queries on social media platforms.
Six mutual fund NFOs, including JM Small Cap Fund, Zerodha Nifty 100 ETF, and Zerodha Nifty Midcap 150 ETF, open for subscription this week covering ETFs and Nifty 100 Index
In the SME segment, Aimtron Electronics, Beacon Trusteeship, Vilas Transcore, Ztech India, and TBI Corn will debut this week. Meanwhile, the mainboard IPO, Awfis Space Solutions will list on the exchanges this week.
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
Abhay Soi, MD & CEO of Max Healthcare, discusses the impact of higher taxes on profitability, emphasizing the shift from EBITDA to free cash flow. He highlights the growth in revenues and EBITDA but a decline in net profit, attributing it to increased tax payments.
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
HDFC Bank\’s technical analysis suggests bullish momentum with higher lows and promising candle formations. Analysts anticipate a breakthrough above resistance at Rs 1525, targeting Rs 1560. Option strategies like Bull Call Spread are recommended for potential upside gains.
Nine stocks, including Bandhan Bank and Vodafone Idea, are under F&O trade ban, while others like Aditya Birla Capital are out. The ban occurs when OI exceeds 95% of MWPL, reversing at 80%.
Indian market poised for higher trade on Monday amid positive global cues. Nifty futures closed with slight gains, indicating a broader trading range of 22500 to 23500. Experts recommend buys on TVS Motor, PFC, KEI Industries, HDFC Bank, and NMDC for short-term traders.
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
Today, Mitter Infotech, the promoter of gaming and esports company Nazara Technologies, completed an on-market block deal by selling 48.84 lakh shares, equivalent to 6.38% equity, to Plutus Wealth Management.
Gold prices on MCX for June futures contracts rose by 0.43% ahead of key US economic data. Fed officials indicated a delay in gaining confidence in inflation moving to 2%.