Tue, Sep 10, 2024 1:59 PM
Assets of MF industry top Rs 65 lakh crore for first time
A Flip by Avya Verma
Shares of penny stock Sarveshwar Foods were in focus on Friday after the company announced business update for the first half of financial year 2024-25 (FY25). The stock initially dropped by as much as 3.8 percent, hitting a low of ₹9.63 during intra-day trading. However, stock later recovered as the market gained momentum, rising by 7.5 percent from its day’s low and reaching a high of ₹10.35.
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UFlex shares surged nearly 4% on Friday, October 4, after the company announced that its subsidiary Flex Asepto (Egypt) S.A.E. plans to establish a state-of-the-art aseptic packaging facility in Egypt. This move is part of the company’s strategic expansion into high-demand markets across Europe, the Middle East and East Africa, Noida-based UFlex said in a stock exchange filing on Thursday.
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Foreign institutional investors have withdrawn nearly Rs 32,000 crore from the Indian market in four trading sessions, sparking a Sensex fall of over 3,300 points, amid attractiveness of Chinese markets and global jitters over an Iran-Israel war. Despite fears of a market crash, strong Indian macros, domestic liquidity, and SIP money may limit the downside.
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