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HDFC AMC has the highest promoter holding of over 52% and the asset management company’s promoters divested a 10% stake in the firm. Take a look at the companies that saw promoter sales in Q1.

Finance Minister Nirmala Sitharaman also told Parliament on Thursday that PSU banks are now able to work with professional integrity and without political interference

"This year we are taking on a big digital transformation project for the entire operation of LIC. This digital transformation project will take time but the process has been , already initiated. Besides that, we have also taken a project of customer on-boarding through digital mode, says Mohanty. He also says "we want IDBI to continue with us as our banker partner. So for that whatever stake is required to be held in IDBI, that we will definitely hold."

"The headline number on the inflation side is expected to shoot up and at the same time on the global front also we now have a very clear messaging from the Fed that the rates are going to be higher for longer and it is in anticipation of that higher number of inflation that the market was building the possibility of a rate hike. It is in that context that RBI has guided for a possibility of a rate action if there is a generalisation of that inflation."

"BFSI and mid-tier capital goods sectors will perform well in a good economic environment. The BFSI sector will see growth of credit, especially amongst NBFCs who are providing digital initiatives. Some unique consumer durables are emerging which is a new and exciting space. Additionally, IT has some value, while QSR consumption, specialty chemicals, and IT are the three sectors where values are emerging ."

The home care category grew by 14%, led by the performance of household insecticides which saw a double-digit volume and value growth. The air fresheners category has also been consistently delivering strong double-digit growth, the company filing said.

Several multicap funds gave double-digit returns last month, with Karma Capital Advisors’ Wealth Builder multicap strategy giving more than 10% returns. It has been a consistent

Despite the challenging environment in IT recruitment, the growth in billings and rationalization of spending in 99acres, Shiksha and Jeevansathi businesses helped generate cash from operations in the quarter, said Chintan Thakkar, CFO and whole-time director.

In this article, we dive into the significance of RSI in assessing stock movements, offering insights into a recent trend report. Highlighting the importance of RSI-based decision-making, we explore ten stocks that have experienced an RSI trending up, potentially shaping investment strategies.

August 10, 2023, marked a significant day for large and midcap stocks as several companies surged above their 50 Simple Moving Averages (50 SMA), signaling a strong market momentum and highlighting the growth potential within this segment.