MFs' share in NSE stocks hit fresh all-time high; FII-DII gap smallest ever
The difference between the share of FIIs and DIIs reduced hit an all-time low of 1.09% (17.55% vs 16.46%) as on September 30, 2024.
The difference between the share of FIIs and DIIs reduced hit an all-time low of 1.09% (17.55% vs 16.46%) as on September 30, 2024.
Novelis has withdrawn its EBITDA per tonne guidance over concerns surrounding ‘accelerating’ tightening of scrap spreads with liberalisation of scrap import by China.
The share price of Waaree Energies touched a fresh all-time high of ₹3,119.80 on Tuesday, rising 109% over the IPO price of ₹1,503 apiece.
The BSE Sensex declined 1,492 points, or 1.87%, to hit a low of 78,233, while the NSE Nifty lost 488 points, or 2%, to 23,816 levels.
Promoter Torrent Investments, which holds a 71.25% shares in Torrent Pharma, was looking to offload around 3% stake in the company.
Adani group affiliate Renew Exim DMCC has proposed to buy 72.64% stake in ITD Cementation for a total consideration of over ₹5,700 crore.
Post listing, Waaree Energies shares gained as much as 74.6% to ₹2,624.40 on the NSE; the stock price of Deepak Builders declined 15.7% to hit a low of ₹171.
Brokerages have mostly maintained ‘BUY’ call on IndusInd Bank, but slashed target price to up to ₹1,290 per share.
The three-day IPO of Afcons Infra will close on October 29, while the tentative date for listing of shares on the BSE and NSE is November 4, 2024.
Picking quality stock at a reasonable price will be critical to achieve good returns over the coming year, say analysts.