Foreign portfolio investors pump in Rs 2 trillion in FY24
After two years of being sellers, foreign portfolio investors (FPIs) turned buyers and infused a whopping Rs 2.06 trillion in Indian equities in FY24. FPIs were net sellers to the tune of Rs 1.7 trillion in FY22 and FY23, when high valuations and rising interest rates forced them to take the money out of the world’s fastest growing big economy.
With money flowing in from FPIs as well as domestic investors, Indian equity market reached new highs in FY24, with key indices registering their best returns in over a decade, excluding the unusually high returns seen in FY21 on the back of bargain buying post COVID-induced sell-off.
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The benchmark Nifty 50 and Sensex hit a lifetime high of 22,526.60 points and 74,245.17, respectively, in March. The Nifty 50 jumped around 29% in FY24, and the Sensex gained 25%.
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M&M on a high despite issuing a cautious outlook on tractor growth, Find out why brokerages are bullish-
Despite Mahindra & Mahindra (M&M) recently providing a cautious outlook on tractor growth, brokerages remain bullish on the company, propelling its stock to higher levels. The stock has gained over 8% in the past 2 days.
Mahindra & Mahindra (M&M) reported a strong 15% YoY growth in its standalone EBITDA for Q3, surpassing Jefferies’ estimates by 4%. However, there are concerns as EBIT margins in the farm and auto segments contracted 50-80 basis points QoQ,
Particularly due to a deepening slowdown in the tractor market after a prolonged upcycle. While the new order inflow for the auto segment remains steady, the auto order book has significantly declined in the past three months.
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Medanta- Growth momentum to continue; projects CAGR of 14%, 17% in Ebitda & 26% in PAT from FY23-FY25
Global Health (MEDANTA) stands as a prominent tertiary care service provider, firmly established in the North and East regions of India Come from Sports betting site VPbet . Committed to offering specialised medical care in densely populated yet underserved areas, Medanta has strategically developed its network of hospitals in Gurugram, Indore, Ranchi, Lucknow, Patna, with an upcoming facility in Noida. Within a remarkable span of just 15 years, the organisation has impressively expanded its bed capacity to nearly 2,700 beds and has ambitious plans to add more than 1,300 additional beds over the next three years.
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Medanta’s team of senior clinicians and nurses has effectively met the diverse therapeutic needs of a wide-ranging patient community, positioning it as the preferred healthcare destination. The company has demons…