When listed, Canara Robeco Asset Management Company will be the fifth mutual fund company to debut on bourses in India following the footsteps of HDFC AMC, Nippon Life India AMC, UTI Asset Management Company, and Aditya Birla Sun Life AMC.
"We expect DII flows to continue to remain strong, given that this is a structural shift in financial savings allocation of the households in India towards financial assets as against physical assets. We expect the FIIs to also turn constructive, if the election outcome comes as expected. We think the domestic cyclicals like financials, automobiles, part of industrials, telecom, hospitals and pharmaceuticals will continue to do well in CY24; assuming no adverse political outcome."
The promoter group entity sold 1.12 crore shares in Max Financial at Rs 873 apiece. This is at a discount of around 1% to Wednesdays closing price of the stock
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], July 27: HDFC Bank, Reliance Industries and TCS were the most talked about stocks in the first fortnight of July, according to a report by broadcast media monitoring agency Clipbyte. Business News | HDFC Bank, RIL & TCS Were Top Stocks Deliberated on Business News Channels in July Fortnight: Study.