News Overview

Telecom was the obvious favourite in April led by Bharti Hexacom, Vodafone Idea, and Indus Towers

Passive equity funds saw a sharp growth in AUM and folios in April, but debt oriented passive funds were under pressure

The BSE Midcap index experienced a slight increase of 0.2%, whereas the Smallcap index edged down by 0.2%.

Ashok Leyland Limited had reported a Profit After Tax (PAT) of ₹751 Crore during Q4FY23.

The stock has gained 44.54% in the last one year, and saw a 10.88% dip since the beginning of the year.

Market breadth appeared positive, with 1684 stocks advancing, 1599 declining, and 90 remaining unchanged.

Indian Overseas Bank is dedicated to offering cutting-edge banking solutions that meet the demands of its clients.

Since the merger call-off, Zee has announced a spate of cost-cutting and loss-reducing actions, including the reduction of 15% of its workforce.

Investors with very high risk appetite and want to invest in special situations theme should invest in the Samco Special Opportunities Fund for 5 or more years.

Over the next 24 months, they plan to invest an additional ₹137.50 Crore each, in one or more tranches, through equity capital, preference share capital, or debt.