Investors brave volatility, flood the Street with demat additions crossing
Tue, Feb 6, 2024 10:12 AM

Investors brave volatility, flood the Street with demat additions crossing

A Flip by Avya Verma
Get it on Google Play
Despite market volatility and upcoming events, the number of demat accounts opened in January reached a record high of 46.84 lakh, surpassing the previous high set in December. Analysts remain optimistic about the long-term prospects of the Indian economy and believe that factors such as increased financial literacy and FOMO among new investors are driving the growth of demat accounts.

More great flips

SEBI wants AMCs to use NFO funds faster

SEBI wants AMCs to use NFO funds faster

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.

Open Flip
Reduce Laxmi Organic Industries; target of Rs 240 Prabhudas Lilladher

Reduce Laxmi Organic Industries; target of Rs 240 Prabhudas Lilladher

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'.

Open Flip
Don't think the worst of FPI selling in India is over yet: Pratik Gupta

Don't think the worst of FPI selling in India is over yet: Pratik Gupta

Pratik Gupta, CEO of Kotak Institutional Equities, expects foreign portfolio investment outflows from Indian markets to continue due to high valuations, slowing earnings, and rising US bond yields, with upcoming events like the US presidential election and potential Chinese economic stimulus adding to the uncertainty.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon