Promoters lap up shares in midcap segment & other top stories


Promoters lap up shares in midcap segment & other top stories
Promoters have been mopping up shares of their firms in the secondary market of late, signalling optimism about their companies’ prospects amid challenging economic conditions. Since August 1, promoters of nearly 70 companies — mostly from mid- and small-cap segments — have increased their stakes.


Promoter buying | stocks to buy: Promoters just lapped up …
Promoters just lapped up these 300 stocks; is that cue for you? … Promoters of select companies have used the stock selloff as an opportunity to lap up shares and increase holdings through the turbulence in the market despite uncertain near-term outlook. … Mid-cap Growth Stocks. MCX India 1559.15-1.43%. Ajanta Pharma 1523.90-.14%.


Loans against shares now a pricier affair – The Economic Times
The promoters of 830 listed companies had pledged shares worth Rs 1.86 lakh crore as of August 13. In about 80 companies, including Bajaj Hindusthan, Reliance Naval, IVRCL, Asian Hotels, McLeod Russel and Reliance Capital, promoters have pledged more than 90% of their holding. Loans against shares are normally of tenors ranging from six to 24 months.


New margin norms imposed by NSE may hit mid, small cap …
The top 100 companies in terms of market capitalisation are classified as large-cap, those ranked 101 to 250 are mid-cap, and from 251 onwards, small-cap. “The circular says that the entire initial margin — standardised portfolio analysis of risk and exposure margins for F&O, and VaR and ELM for equity — has to be collected upfront before …


Tide is turning for mid, smallcaps. Buy selectively for …
The tide seems to be slowly turning for the mid-and small-cap segments. After a sharp correction post the presentation of Budget in July 2019 that dragged the S&P BSE Midcap and S&P BSE Smallcap indices lower by 9.8 per cent and 12.6 per cent, respectively till August 30 (S&P BSE Sensex down 6.5 per cent during this period), the sentiment in both these segments has started to pick up in September.


Mid, small-cap indices tank 7% in January; analysts see …
Deepak Jasani, head – retail research at HDFC Securities, for instance, expects the S&P BSE mid-cap index to slip to 13,400 from 14,400 currently. Even though the slide in the S&P BSE Small-cap index may halt temporarily, the overall trend, he says, still looks weak and the index can after a bounce slip to 11,800 levels from 13,700 levels now.


How a SEBI circular on ‘unpaid shares’ could lead to heavy …
Data collected by brokers show that as per exchange website, the amount of pledge shares stood at around ₹1 lakh crore, which belongs to non-promoter and retail segment.


mutual fund holding: Funds lap up select PSU stocks on …
Fund managers of top 10 fund houses by assets under management (AUMs) have shown considerable interest in public sector undertakings (PSUs) in February. A key reason for this is valuation (one-year forward basis) of key PSU companies are at multi-year lows and the discount between prominent PSU stocks and the Nifty is as high as 50per cent.


There’s stress building on loan against property segment
“Signs of early stress are visible in the LAP business loan pools assessed by Ind-Ra,” said Harshal Patkar, analyst at India Ratings. “A combination of stagnant property prices, especially in metros and large cities, which are the primary markets for large and medium ticket LAP, and squeeze on refinancing due to risk aversion building up …


US spice king McCormick may lap up MTR – The Economic Times
The Bangalore-based processed food manufacturing company MTR, which has been on the block for some time, is close to closing a deal with the US-based McCormick, the leader in the manufacture, marketing and distribution of spices, seasonings and flavours.