"With high inflows into mid-cap stocks over the last few years, market efficiency within mid-caps have improved a lot. This means that there is less room for active managers to find mispriced stocks and generate alpha," says Kunal Valia, founder, Statlane, an investment advisory firm.
The Competition Commission of India (CCI) has approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. This merger is set to create India's largest media and entertainment firm. Integration will start soon, with Reliance holding a 56% stake, while Disney and Bodhi Tree Systems will own 37% and 7%, respectively.
Godrej Enterprises Group plans to invest around Rs 4,000 crore to streamline its 14 verticals and boost its consumer-first and nation-first businesses. This includes enhancing its real estate holdings in Mumbai and building its furniture brand Interio into a lifestyle label while focusing on organisational agility and performance.
Nifty's IT index jumped 1.6% to record levels on Wednesday, while the benchmark indices ended 0.1% higher in a rollercoaster trading session. LTI Mindtree jumped 6.31%, followed by Wipro which gained 3.71%. L&T Technology Services, Coforge, Infosys, Persistent and Mphasis were up 1.3-3.6%.
HFCL's stock, a leading manufacturer of 5G and other technologies, has surged 106% in a year, reaching Rs 148 on August 27, 2024. The stock's uptrend started in January 2024 after breaking out from a 3-year consolidation. On the weekly charts, it has consistently made higher lows for the past 4 weeks.
Season 3 of "The Legend of Vox Machina" features the heroes traveling to hell to save Exandria from Thordak, the Cinder King. The season premieres on October 3, 2024. The series is produced by Amazon MGM Studios, Critical Role and Titmouse.
