Thu, Aug 8, 2024 12:50 PM
RBI move to hold rates to keep housing demand afloat, help homebuyer
A Flip by Riya Sharma
Telehealth company Hims & Hers Health (NYSE: HIMS) has been great for investors this year by almost any standard; share prices have nearly doubled from a year ago. Yet shareholders aren't feeling the joy. The stock is down nearly 45% since peaking in June, and the negative momentum is weighing on investors. The market is suddenly questioning whether the company can succeed.
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Open-ended equity mutual fund inflows rose 3.03 percent to Rs 38,239.16 crore during August amid tepid equity markets, according to the data released by the Association of Mutual Funds of India (AMFI), the industry trade body for mutual funds on September 10. Inflows into open-ended equity funds have remained in the positive zone for the 42nd month in a row.
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PN Gadgil Jewellers IPO: On day one of bidding, the initial public offering (IPO) of PN Gadgil Jewellers Limited received a strong response from Indian primary market investors. According to the PN Gadgil Jewellers IPO subscription status, the public issue has been booked more than the shares the jewellery brand offers.
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