Midcap and smallcap stocks have been the flavour of the season for Dalal Street investors, giving superlative returns. However, the sharp rally has prompted mutual funds to book profits in some of them. The monthly MF holdings data showed that the domestic institutions have reduced exposure to 10 such mid- and smallcap stocks for three … Read more
Brokerage firm Citigroup maintained a buy rating on Prestige Estates while Jefferies recommended a buy on JB Pharma. ICICI Securities has a buy rating on Jyothy Labs and Elara Capital recommended a buy on Uno Minda. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Prestige … Read more
ET Intelligence Group: ASK Automotive, a supplier of brake systems to two-wheeler makers, is planning to raise ₹834 crore from the initial public offer. The entire IPO is an offer-for-sale by its promoter that would bring down promoter holding to 75% post IPO compared with 100% before IPO. The company has been outperforming the two-wheeler … Read more