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Asset management firms attract buying interest - The Hindu BusinessLine

Asset management firms attract buying interest May 11, 2021 Outlook for AMC business brightens as market expands Shares of listed three listed asset management companies have been attracting buying interest from investors. These shares have risen sharply in the last one year, as analysts expect better future for the sector as the market is expanding. Reflecting this, these firms have come out with a stellar performance for fourth quarter of financial year ended March 31. Shares of Nippon AMC gained 46 per cent in the last one year while UTI AMC gained almost 50 per cent since its listing in October 2020. HDFC AMC marker share dips

Stocks in the news: Axis Bank, Info Edge, HUL, Titan, Bajaj Auto, SBI and Ambuja Cements

Explore Now Nifty futures on the Singapore Exchange traded 58.50 points, or 0.40 per cent, lower at 14,692 in signs that Dalal Street was headed for a negative start on Wednesday. Here are a few stocks which may buzz the most in today s trade: Info Edge: Info Edge said it will sell stake worth Rs 750 crore in the IPO of its investee company Zomato. In a regulatory filing, Info Edge said Zomato an online food delivery platform is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge.

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