Market Updates - Angel One

WHO IS RAKESH JHUNJHUNWALA Rakesh Jhunjhunwala, an investor with a golden touch, is commonly referred to as the Warren Buffet of India. Apart from being an investor, he is primarily a Chartered Accountant. Jhunjhunwala is the 48th wealthiest individual in the country, according to Forbes’ Rich List, with a net worth of $3 billion. On …

India’s technology startups saw a record bout of venture capital (VC) inflows as investors turned away from China due to its ongoing crackdown on internet companies. The value of venture capital deals reached an all-time high of $7.9 billion in July 2021, as investments in China dropped to $4.8 billion. This is the first time …

Foreign portfolio investment in equities has touched a net Rs 5,001 crore thus far in August, according to the NSDL. Following this, the net investment of FPIs in the equities segment for 2021 has now touched Rs 54,037 crore, according to data. As per data from the depositories, apart from the Rs 5,001-crore FPI in …

CarTrade Tech made an unimpressive debut on the bourses as its stock was listed at a discounted price of 1.1%. To elaborate, the issue price of CarTrade Tech IPO was Rs. 1,618 apiece. However, the same opened at Rs. 1,599.8 on NSE and at Rs. 1,600 on BSE. Followed by the listing, CarTrade’s market capitalisation stood …

A Brief Overview For those who are unaware, market capitalization or m-cap is a vital instrument via which you can gauge the performance of a company. It refers to the aggregate valuation of a given company which is assessed keeping in mind its prevailing share price along with the number of outstanding stocks in their entirety. …

An Overview In May, India’s industrial production increased by 29.3% year-over-year, aided by base effects that exaggerated growth while obscuring the sequential deterioration in the month that was hit worst by the second wave. Retail inflation dropped slightly to 6.27 percent in June, down from 6.3 percent in May, but remained beyond the RBI’s target …

The government plans to fully sell stakes in BPCL, Air India and other public sector undertakings that have been listed for sale in the current fiscal, apart from working on the asset monetisation plan worth Rs 6-lakh crore. The government is reportedly expecting dividends worth Rs 50,000 crore from public sector units for the current …

A Brief Overview Infrastructure Investment Trusts (or InvITs) have suddenly shot to popularity among investors with funds to spare who seek out assets that surpass the low yields that ordinary debt instruments deliver. Keeping in mind the fact that over 90 percent of the income created needs to be distributed as per the regulations in …

Tega Industries has filed DRHP with SEBI to raise around Rs. 700 – 750 crores via an initial public offer. As per its DRHP, the IPO will comprise an offer for sale (OFS) of a maximum of 13,669,478 equity shares by promoters and existing shareholders. Madan Mohan Mohanka, Manish Mohanka, and Wagner Limited will be …

HDFC Bank is back in the business of credit cards as India’s banking regulator RBI lifted an eight-month ban on issuing new cards. The Reserve Bank of India (RBI) had imposed these restrictions on the bank due to frequent outages and glitches with their internet and mobile banking. This ban hit HDFC hard financially as …