Institutions raise stakes in ICICI Securities ahead of delisting
Thu, Nov 23, 2023 9:36 AM

Institutions raise stakes in ICICI Securities ahead of delisting

A Flip by Avya Verma
Get it on Google Play
Foreign and domestic institutional investors have increased stakes in ICICI Securities in anticipation of better delisting terms. Mutual funds have taken an active interest in ICICI Securities, buying up shares as they anticipate a re-rating that would bring better returns for public shareholders than the current swap ratio. However, many analysts see the deal undervaluing the company's growth.

More great flips

This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle

This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle

U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov, 2023. The index surged 2.7%, snapping a three-week losing streak, while the Dow added 0.7% last week. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements.

Open Flip
Tech View: Nifty forms long bull candle. What traders should do on Tuesday

Tech View: Nifty forms long bull candle. What traders should do on Tuesday

Nifty on Monday ended 223 points higher to form a long bull candle on the daily chart as it challenged the crucial hurdle of 22,500 levels.The short-term uptrend of Nifty seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,800-22,900. Immediate support is at 22,500, said Nagaraj Shetti of HDFC Securities. What should traders do?

Open Flip
Largest Spot Bitcoin ETFs Plagued by First Outflows

Largest Spot Bitcoin ETFs Plagued by First Outflows

Bitcoin - Chart - CoinsAfter weeks of relentless inflows, we’re starting to see outflows from some spot bitcoin exchange-traded funds, aside from Grayscale Bitcoin Trust (GBTC).That ETF has had outflows for three-and-a-half months straight, with investors pulling $17.1 billion from the fund.But now other spot bitcoin ETFs, like the Fidelity Wise Origin Bitcoin Fund (FBTC).

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon