Wherever there is overvaluation, you will continue to see a nervousness and clearly the broader end of the market is still quite expensive compared to largecaps or compared to even their own historical average valuations.
If you take the baseline of first term of President Trump, the action usually starts low, there is a lot of study going on but eventually they do put tariffs in place.
NATCO Pharma shares tumbled 10% on Friday, extending a two-day slump to 28% after weak Q3 results and a target price cut by Nuvama. Profit fell 37.75% YoY, impacted by lower formulations exports and Agrochem weakness. Despite a strong U.S. pipeline and cash reserves, analysts remain cautious on near-term growth.
Foreign Institutional Investors (FIIs) held a 5.81% stake in NSE-listed companies as of December 31, 2024, slightly down from 5.89% in the previous quarter, according to primeinfobase.com, an initiative of PRIME Database. Their top holdings included 360 One Wam, Paytm, Delhivery, Ixigo, and Redington. Here's a look at the top 10 stocks with the highest FII ownership:
Deepak Nitrite share price: Shares of Deepak Nitrite fell 15% to a 52-week low after the company reported a 51.5% year-on-year decline in Q3 net profit to Rs 98 crore. Revenue dropped 5.3% YoY due to weak demand, causing EBITDA to decline 44.7%, impacting operating margins significantly.
We think that the FIIs selling is happening in India only. Actually, if you see figures across the board, you will see that it is happening across emerging markets.
