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Over 400 smallcap stocks saw negative returns during the week, with 23 experiencing double-digit losses. Suratwala Business Group was the biggest loser at -53%, followed by Best Agrolife (-31%), Dee Development Engineers (-27%), and PTC Industries (-21%). Conversely, 52 stocks, including KDDL, Sandur Manganese, Pennar Industries, Taj GVK Hotels, IKIO Lighting, and Benares Hotels, yielded returns between 10-40%.
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Promoters of Alkem Laboratories sold shares worth 300.3 crore through Samprada & Nanhamati Singh Family Trust in a block deal on Friday, selling 641,000 shares at 4,680 each, representing 0.54% of the companys equity.
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News and Media
The Securities and Exchange Board of India (Sebi) is investigating the surge in thematic mutual fund launches, which raised about 80,000 crore in 2024. Sebi chairperson Madhabi Puri Buch mentioned an incentive-driven arbitrage in the proliferation, with thematic funds now managing assets worth 4.63 lakh crore.
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News and Media
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