In the largecap segment, 15 companies witnessed significant block deals worth Rs 6,668 crore, led by HDFC Bank with a 49 block count, totalling Rs 2,963 crore. The next in line were Axis Bank (Rs 785 crore), Kotak Mahindra Bank (Rs 603 crore), Cholamandalam Investment & Finance Company (Rs 325 crore) and UltraTech Cement Company (Rs 325 crore).
An analysis of institutional ownership in penny stocks, as defined by those with market capitalisation below Rs 1,000 crore and share price below Rs 25, shows that FIIs hold over 10% stake in a dozen such counters. Out of them, 7 have given double-digit returns in FY24 so far.
The capital markets regulator said this in response to an application filed under the RTI Act, which sought subscription details and the reason for the cancellation of the follow-on pubic offer.
Several social media users, including BJP leaders, appear to have been spreading misleading claims, without any evidence, on Hindenburg Research after its report on Adani led to a stock rout.
Meanwhile, Standard Chartered has stopped accepting Adani Group bonds as collateral for giving loans to their private banking clients, after Credit Suisse and Citigroup.