It appears that block deals are here to stay. According to Nuvama Alternative Research, between August 22 and December 31, a total of 37 companies are slated to have their pre-listing shareholder lock-ins, both for promoters and non-promoters, lifted. The promoters and non-promoters may look to book profits through block deals when the lock-ins end
Punjab & Sindh Bank, Carborundum Universal, Bank of Maharashtra, FACT, Jindal Stainless, Rail Vilas Nigam, Bharat Dynamics and IIFL Finance may move from smallcap to midcap category
The Association of Mutual Funds in India (AMFI) is set to release the results of its stock categorization review, with expected changes to the largecap, midcap, and smallcap categories. According to Nuvama Institutional Equities, seven stocks will be upgraded to the largecap category, including Punjab National Bank and Shriram Finance. Additionally, nine stocks are likely to be downgraded from smallcap to midcap, such as Punjab & Sind Bank and Bharat Dynamics. Nuvama also predicts the movement of eight stocks from largecap to midcap, and ten stocks from midcap to smallcap.
As we inch closer to the last phase of earnings season, several big firms are still left to announce their Q4 results. This week, LIC, ONGC, Nykaa, Vodafone Idea, Ashok Leyland, Sun Pharma, Mahindra, Grasim, Zee Entertainment Enterprise, Hindalco, Shree Cement, etc will announce their Q4 earnings