Sensex mounted the 60K-mark as risk appetite improved after fears surrounding Evergrande debt crisis eased.
The scrip hit a 52-week high of Rs 170 apiece in today's session. It has risen 55.25% from its 52-week low of Rs 109.50 hit on 15 October 2020.
Mutual funds news: The month of August saw notable changes in the sector and stock allocation of funds.
Exide’s acquisition has minimal compliments to HDFC Life given its smaller size, it has been losing market share and immediate margins.
Jio and Bharti Airtel could gain disproportionately as Vodafone Idea has a significant ~25% market share (255.4m subscribers)
Nifty 50 took just 20 sessions to surge 1,200 points from 16,000 to 17,200.
Investors who had invested their savings can hold for short to medium term but those who have borrowed the funds are advised to close their positions.
Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July
Most brokerages have upgraded their rating on Bank of Baroda to 'Buy' and have revised the price target to Rs 100.
Higher slippages should be looked at in the context of no moratorium, negligible use of restructuring, already improving recoveries.