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Brookfield India Real Estate Trust on Thursday announced plans to raise up to Rs 3,500 crore through issue of units to institutional investors to reduce debt as well as to fund future growth, and reported a 40 per cent increase in its net operating income to Rs 485.8 crore for the second quarter of this fiscal.

Foreign portfolio investors (FPIs) pulled out about $3.1 billion from Indian financial stocks in October, the second-highest amount ever from the sector and accounting for 30% of the record overall withdrawal for the month, data showed on Thursday.

The stock traded at a P/E multiple of 28.03, while the price-to-book value ratio stood at 4.96.

A Systematic Withdrawal Plan (SWP) provides a steady income stream, especially for retirees. It allows investors to redeem investments gradually, minimizing tax implications and enabling simultaneous compounding. However, careful planning and monitoring of NAV are crucial for optimizing returns and ensuring corpus longevity.

An ETMarkets analysis revealed that over the last four quarters (December 2023 to September 2024), mutual funds have gradually reduced their holdings in around 62 stocks.

When positions or stocks owned for a longer period are sold either to book profit or to exit in fear of impending bearishness, it is called long unwinding.

With strong inflows into mutual funds, the share of domestic institutional investors (DIIs) grew at a faster rate than that of foreign institutional investors (FIIs). Consequently, the gap between FII and DII shares narrowed further, reaching a record low of 1.09% at the end of September.

AM/NS India Q2 operating profit dropped nearly 70% due to lower steel prices, despite stable shipments. The company anticipates higher demand growth in India and Brazil in H2 2024.

Swiggy launched its IPO at a reduced valuation of $11.3 billion, down from its earlier target of approximately $15 billion. The company aims to raise around Rs 11,300 crore through the offering, which includes a fresh equity issuance of Rs 4,499 crore and an offer for sale (OFS) of 17,50,87,963 equity shares.

The Rs 2,106 crore IPO consists solely of an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, after deducting expenses, will go directly to the selling shareholder.