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A former student of Benjamin Graham, Buffett is known as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects.

The IPO of Ecos Mobility and Hospitality is experiencing strong demand on its final bidding day, with an overall subscription rate of nearly 24 times. Non-institutional investors are leading the demand with a subscription rate of 53.87 times, followed by retail investors at 15 times, and institutional investors at 14.7 times.

Sebi has amended regulations to oversee unregistered financial influencers, aiming to reduce potential risks. The new norms restrict associations between regulated entities and unregistered individuals, requiring finfluencers to register with Sebi. This ensures accountability and prevents misleading financial advice, while also allowing limited investor education partnerships.

The Baazar Style Retail IPO, open until September 3, has been subscribed 30% so far on its first day. The issue includes a fresh equity raise of Rs 148 crore and an OFS.

In August, HDFC Bank experienced short covering and a 96% rollover, while SBI saw a significant short build-up and a 95% rollover. The Bank Nifty rose 0.5% to 50,889, but the PSU Bank index fell 2.6%. Nifty 50 climbed 3.1% with a 77% rollover.

The benchmark was set to gain 1.3% for the week, set for a four-week winning streak, which would be its longest in more than five months. It was also set to gain for a second straight month, a trend last seen nearly six months ago.

The Relative Strength Index of the stock stood at 45.57 on Friday.

Many investors favor low-priced stocks, but random picks are risky. Noting foreign interest can be insightful, as they invest after thorough research.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 20.61 per cent and 11.08 per cent, respectively.

Sebi has cancelled the registrations of 39 stock brokers, seven commodity brokers, and 22 depository participants for failing to meet registration requirements. The regulator aims to prevent misuse of registrations and protect investors. These entities are still responsible for any past actions and dues owed to Sebi.