Top 5 PMS schemes bet big on 25 stocks that dare volatility, outsmart Nifty
Despite the volatility and bearish sentiments prevailing in the markets in the latter half of December, there were many portfolio management service schemes that generated better returns compared to the Nifty and the Sensex… Read More
Market at 2 PMThe Sensex was down 308.19 points or 0.51% at 59797.31, and the Nifty was down 84.40 points or 0.47% at 17811.30. About 1320 shares have advanced, 1906 shares declined, and 133 shares are unchanged.
5paisa Capital shares gains 4% as Q3 profit rises to Rs 11.02 crore5paisa Capital share price rose more than 4 percent after company reported a 2.5% sequential increase in consolidated profit after tax at Rs 11.02 crore for the quarter ended December FY23. Consolidated revenue from operations at Rs 83.76 crore for the quarter grew by 5.3% QoQ. Consolidated profit at Rs 29.15 crore increased by 212% for nine months period ended December FY23 YoY and revenue during the same period grew by 18.5% to Rs 247.3 crore.
Alibaba likely to have sold stake in Paytm via bulk deals; stock down 5 percent
Alibaba is likely to have sold 2 crore shares in Paytm today via bulk deals, quoting Sources, reported CNBC-Awaaz.
Nearly 3.1% equity changed hands in Paytm at an average price of Rs 540 per share.
One 97 Communications Paytm was quoting at Rs 547.40, down Rs 32.10, or 5.54 percent.
Nifty Pharma index fell 0.5 percent dragged by Gland Pharma, Divis Laboratories, Granules India
Here is a list of stocks that have touched their 52-week highs during the day; click to Read More
Paytm shares crack post block tradePaytm shares crack sharply after 3% of equity or 1.92 crore shares change hands in a block trade-Morgan Stanley keeps Equal-weight rating, target at Rs 695 per share
-FY23 UPI incentive approved, is up more than 73 percent vs FY22
-Apart from banks, Paytm should be a key beneficiary of the above
-Paytm would have received 5-7 percent of FY22 incentive, assuming similar share in FY23
-This would represent 3-5 percent of our contribution to profit estimate 2 crore shares (3.1% equity) worth Rs 1,126 crore change hands at an average of Rs 540 per share.
Nifty FMCG index shed 0.5 percent dragged by Varun Beverages, United Spirits, United Breweries
Market at 1 PMThe Sensex was down 198.23 points or 0.33% at 59907.27, and the Nifty was down 56.40 points or 0.32% at 17839.30. About 1368 shares have advanced, 1812 shares declined, and 145 shares are unchanged.
PB Fintech gains on getting RBI’s nod to run account aggregator business
Shares of PB Fintech, PolicyBazaar’s parent company, inched higher on January 12 after the firm said it has received an in-principle license from the Reserve Bank of India (RBI) to run an Account Aggregator (AA) business.
With the approval, PB Fintech joins a list of eight other firms, which have received in-principle licenses to run account aggregators. Introduced by the RBI in 2016, the AA framework enables a central bank-regulated entity—with an NBFC-AA license—to facilitate the sharing of consensual data from individuals between financial institutions.
Route Mobile signs exclusive partnership in Sri LankaRoute Mobile: The communication platform as a service provider has signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator (MNO) in Sri Lanka. The company will provide an end-to-end A2P monetization suite for all international A2P SMS’ terminating on its network. Route Mobile will serve as the exclusive partner of the MNO for 2 years.
Central Bank of India signs co-lending partnership with Mamta Projects
Central Bank of India has entered into a strategic co-lending partnership with Mamta Projects to offer MSME loans to borrowers at competitive rates.
The co-lending arrangement will result in greater expansion of portfolio by Central Bank of India and Mamta Projects.
Central Bank of India was quoting at Rs 30.15, down Rs 0.60, or 1.95 percent.