Shares of Dixon Technologies were volatile on Thursday as the company’s results for the quarter ended March came out on Wednesday. 💰Jefferies maintained its “underperform” rating for the stock but raised TP to ₹6,350 from ₹5,920. The research firm said that the company’s performance for the quarter was in line with estimates. The analysts highlighted that the mobile segment drove sales again.
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Braving all the bear howling, mutual funds spent close to Rs 10,000 crore to buy shares of Kotak Mahindra Bank and HDFC Bank in April. The two biggest wealth creators in the history of Dalal Street are now among the biggest Nifty losers in 2024. 📌MFs took advantage of the 9% dip in Kotak shares last month to buy 4.65 crore shares. 📌In the case of HDFC Bank, MFs bought 1.22 crore shares.
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Avendus Wealth Management has named Apurva Sahijwani as its new managing director and CEO. Sahijwani, with extensive experience in the financial sector, will oversee the wealth team and utilize Avendus's platform to offer comprehensive advice to clients. Previously, he led Burgundy Private at Axis Bank and held various managerial roles at Kotak Wealth, ICICI Bank, HSBC, and Citibank.
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