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The Nifty could not even get past the 20-day average, which is a very different behavioural pattern compared to what I have seen in the past, whenever you are in bearish phases midcaps bounce less, largecaps bounce more

Interestingly, the wealthy strive to give back and create a positive impact. Around 82% of respondents indicated they are either involved in philanthropy now or plan to start within the next two years.

Siemens Energy jumped 19% after the utility sector supplier raised its mid-term margin target and set a new record for its order book.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 24.2 per cent and domestic institutional investors had 5.34 per cent.

One of South Korea’s largest retail brokerages, Kiwoom Securities Co., now plans to bundle Class B shares into an exchange-traded fund enhanced with derivatives—an approach Warren Buffett might disapprove of. Kiwoom has partnered with Milwaukee-based Tidal Investments to launch an ETF aiming to deliver 200% of Berkshire’s daily performance, according to a regulatory filing.

A total of 115,241 shares changed hands on the counter till 12:10PM (IST).

It can work it off by coming down sharply, as it has done a few times in the past or it can just go nowhere for a while and allow the earnings to catch up because as a result valuations will automatically correct as those earnings come through.

Over the past five years, midcap and smallcap stocks have experienced faster market cap growth than largecap stocks.

The stock traded at a P/E multiple of 8.19, while the price-to-book value ratio stood at 1.34.

Promoters held 51.52 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 16.66 per cent and 8.98 per cent, respectively.