Indian stock markets saw a sharp reaction after the Union Budget, with the Nifty plunging on Sunday’s session on low volume. While the headlines caused disappointment, market veteran Sunil Singhania said a closer look at the Budget reveals meaningful positives for long-term growth – even as recurring tax changes continue to unsettle investors.Responding to ET […]
The shareholder lock-in of Mangal Electrical Industries is likely to be lifted on Monday, November 24 and as per Nuvama’s estimates, nearly 10 lakh shares, accounting for 4% of the total outstanding shares, will hit the market.Although the shares are eligible for sale, the responsibility lies with the investors as to whether or not to […]
Sunil Singhania-guided ABRAKUS Asset Manager Private Limited has collected more than 64.3 Lakh shares from SmallCap Edelweiss Financial Services in a block deal with a value of RS 64 Crore. The shares were obtained on RS 100 each, a discount of 0.9% until the Monday closing price. The sellers were Edelweiss Employees Welfare Trust and […]