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“Ashok Leyland will be the biggest beneficiary, followed by M&M and Tata Motors,” said Aditya Jhawar, analyst at Investec.
Rail Vikas Nigam OFS offers ‘great’ valueThe government is selling a 10 per cent stake in the company with a green shoe option of 5 per cent at a floor price of Rs 27.50 per share. The non-retail portion of the OFS was fully subscribed on Wednesday. Shares of RVNL h… Read MoreFPIs’ index put buys touch 6-month highRohit Srivastava, founder IndiaCharts, said if the Nifty broke last Friday’s low of 14,350.1, it could go towards 13,596.75. The index had soared from there to hit a high of 15,431.75 on February 16. Since then the Nifty has … Read MoreInfra king Gautam Adani now looking beyond fossil fuel to cement his group’s futureAdani has plans for defense manufacturing, heeding Modi’s calls to help cut reliance on expensive imports. He is also scaling up production of solar panels and modules, again under Modi’s “Make in India” appeal.
from Stocks-… Read MoreLearn with ETMarkets: What is a Fund of Funds? In such a scheme the fund manager holds a portfolio of other mutual funds instead of directly investing in equity or bonds. A FoF may invest in one or more schemes of the same fund house or another fund house.
from Stocks-M… Read More'A dozen of our firms at various IPO prep stages'Sequoia Capital India, which has backed startups including Zomato, Oyo, Byju's, among hundred others, has racked up $195 million for its second seed fund, in addition to the $1.35 billion corpus it raised for India and Southe… Read More
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