It needs to be clear that there are no indications of stress in these companies.
HDFC 2020 papers were valued at 9.37 per cent, while Reliance Capital’s 2026 securities were valued at 8.55 per cent.
This means investors can expect another 5 per cent-7 per cent gain soon after the 5 per cent run-up on Friday.
At current price, Axis Bank’s M-Cap is Rs 1.67 lakh crore.
Part of Anil Ambani group's plan to prune non-core assets after IL&FS crisis
Speculation was that the group was uncomfortable with the growing losses at MyUniverse.
To repeat one of Dalal Street’s favourite clichés, the announcement only gave investors a reason to sell.
The correction which you are seeing is the actual decline in the consumer demand.
Wealth management firms handle the money of mostly rich clients.
Proceeds from the stake sale amount to 50-55 per cent of the money owed to MFs.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon