Ace Investor Ashish Kacholia has picked up a 1.9% stake in smallcap multibagger Tanfac Industries while Madhulika Agarwal, wife of Mukul Agrawal bought 1.80% in the company in the quarter ended December 31.
Prince Pipes and Fittings is focusing on cost reduction initiatives, value-added products and improving the return ratios for sustainable growth. The pipe industry is expected to grow at 11-12% CAGR over 2020-21 and 2024-25 to reach Rs.55,000-60,000 crore. The management is focusing on strategic steps for sustainable growth. Should you invest?
Nifty is expected to consolidate, moving range-bound within 200 points until the year-end, with the next up move expected in January. Bank Nifty, on the other hand, may see a correction up to 47,500 levels.
All three major U.S stock indexes oscillated for much of the session, but by closing bell the S&P 500 was nominally lower, the Dow was modestly higher and interest rate-sensitive tech- and tech-adjacent momentum stocks put the Nasdaq out front