Thu, Aug 8, 2024 11:55 AM
10:1 stock split tomorrow & FIIs bought 2,69,367 shares: Rushil Decor
A Flip by Riya Sharma
While the mutual fund industry has been registering strong growth in terms of the total assets under management (AUM), a recent analysis by Fisdom Research has shown that the share of individual investors in the AUM pie has jumped eight-fold in the last 10 years – between FY14 and FY24.Further, the individual share in total AUM had reached 63 percent by June 2024, compared to 45% previously.
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Nvidia's stock has risen 240% in 2023 and 108% in 2024, driven by demand for its GPUs in AI computing, with revenue up 122% year-over-year to $30 billion. While the company's growth is impressive, its stock is unlikely to double in the next year, as its valuation is already high and Wall Street has priced in 33% earnings growth.
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Extending their bullish trend for the fourth consecutive trading session, shares of Sarveshwar Foods, an emerging player in the agri-food sector based in Jammu, surged another 10% in today’s intraday trade, reaching ₹11.70 per share. This latest increase has propelled the stock to a cumulative gain of 37% over the past four sessions and a remarkable 114% year-to-date.
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