Thu, Oct 31, 2024 4:05 PM
Don't think the worst of FPI selling in India is over yet: Pratik Gupta
A Flip by Shubhangi Gupta
In a bid to ensure that the funds raised by mutual fund houses through new fund offers (NFOs) are invested faster, the Securities and Exchange Board of India (Sebi) on Wednesday proposed a timeline of 30 days from the time of allotment of units to investors. In addition, fund houses will have a window of another 30 days, if required.
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Laxmi Organic Industries' Q4 report beats estimates with 18% YoY and 7.4% QoQ revenue growth, driven by volume increases in essentials and specialty segments. The company expects fluorochemicals to contribute 15-20% of peak revenue in FY25, with capex planned for expansion and new manufacturing. The stock is valued at Rs240, upgraded to 'Reduce'.
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The Indian markets are continuously dominated by the young investors, highlighted a latest report by National Stock Exchange. The report noted that the proportion of investors under the age of 30 has surged significantly over recent years, climbing from 22.9 per cent in March 2018 to a remarkable 40.0 per cent by September 2024.
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