Shares of GMR Airports Infrastructure (GIL) rose 3% in Tuesday’s session to its day’s high of Rs 93.31 on BSE after the company informed that it is set to acquire an additional 10% equity stake in Delhi International Airport (DIAL) for about $126 million. The seller of the stake in the transaction will be Fraport AG Frankfurt Airport Services Worldwide.
Open FlipWhile 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.
Open FlipNvidia'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.
Open Flip