Investors are drawing a lot of money from the secondary equities markets, with several momentum stocks giving ‘sell’ signals. Umeshkumar Mehta, CIO of Samco Mutual Fund, says it’s better to stay away from the stocks that have recently soared a lot since those might see a sharp correction. In a conversation with Moneycontrol, Mehta spoke about where he sees momentum stocks in the current market.
Open FlipLuck played a role in the legendary investor Warren Buffett's stock-market success, said the late Daniel Kahneman in an interaction with Moneycontrol in 2023. Kahneman said that he would be more confident about the stock-market performance of a quantitative hedge-fund investor such as Jim Simmons than Buffett. The noted economist, psychologist and Nobel Laureate Kahneman died on March 27.
Open FlipKolkata-based student recruitment solution provider, Crizac Limited, has filed draft red herring prospectus (DRHP) with with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).The IPO comprises an offer for sale of equity shares at a face value of ₹2 each, totaling up to ₹1,000 crore by the promoter selling shareholders.
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