Indian Funds Cushion Market With Heaviest Buying Since April
Local funds bought a net 108.6 billion rupees ($1.2 billion) of shares, offsetting foreign outflows and helping the benchmark NSE Nifty 50 Index close slightly higher. Large sell downs in Kotak Mahindra Bank Ltd. and Eternal Ltd. also spurred domestic mutual funds and insurers to step in as key buyers in the two block deals.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Mizuho Lowers PT on Acadia Healthcare Company (ACHC) to $22 From $32, Keeps a Neutral Rating
Acadia Healthcare Company, Inc. (NASDAQ:ACHC) is one of the top cheap stocks that will go to the moon according to Reddit. On August 14, Mizuho analyst Ann Hynes lowered the firm's price target on Acadia Healthcare Company, Inc. (NASDAQ:ACHC) to $22 from $32, keeping a Neutral rating on the shares. A healthcare professional discussing a treatment plan with a patient in an outpatient clinic. The rating update came after Acadia Healthcare Company, Inc. (NASDAQ:ACHC) reported fiscal Q2 results that missed consensus estimates when excluding the incremental effect of direct provider payments in the quarter. The firm slashed its 2025-2027 adjusted EBITDA estimates and is staying on the sidelines, attributing the stance to 'execution missteps' and uncertainty regarding the effects of the ongoing Medicaid Redeterminations and the One Big Beautiful Bill Act. Acadia Healthcare Company, Inc. (NASDAQ:ACHC) provides behavioral healthcare services across the US in various settings, including inpatient psychiatric hospitals, residential treatment centers, specialty treatment facilities, and outpatient clinics. While we acknowledge the potential of XXXX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
41 minutes ago
- Yahoo
Mizuho Securities Lifts PT on Strategy Inc. (MSTR) to $586 From $563
Strategy Inc. (NASDAQ:MSTR) is one of the top cheap stocks that will go to the moon according to Reddit. Mizuho Securities analyst Dan Dolev raised the firm's price target on Strategy Inc. (NASDAQ:MSTR) to $586 from $563 on August 11, maintaining a Buy rating on the stock. A software engineer wearing a headset, collaborating with a remote team on a project. The analyst gave the rating update after Strategy Inc. (NASDAQ:MSTR) reported strong Q2 results, with revenue for the quarter coming at $114.5 million and an EPS of $32.60. Strategy Inc. (NASDAQ:MSTR) also expanded its bitcoin holdings to 628,791 bitcoins, raising over $10 billion through its ATM programs and IPOs, and seeing growing institutional and retail demand for its securities. Strategy Inc. (NASDAQ:MSTR) engages in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy. It is the world's largest corporate holder of Bitcoin. While we acknowledge the potential of XXXX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
41 minutes ago
- Yahoo
Qfin Holdings (QFIN) Announces Fiscal Q2 2025 Results
Qfin Holdings, Inc. (NASDAQ:QFIN) is one of the top cheap stocks that will go to the moon according to Reddit. Qfin Holdings, Inc. (NASDAQ:QFIN) announced its fiscal Q2 2025 results on August 14, reporting that as of June 30 its platform 'connected 165 financial institutional partners and 275.8 million consumers with potential credit needs, cumulatively, an increase of 11.4% from 247.6 million a year ago.' A close-up of a loan contract being signed with a satisfied customer. It added that cumulative users with approved credit lines were 60.2 million as of June 30, reflecting a growth of 12.3% from 53.6 million as of the same period last year. The company also reported that cumulative borrowers with successful drawdown, including repeat borrowers, reached 36.8 million, reflecting a growth of 14.9% from 32.0 million as of June 30, 2024. Qfin Holdings, Inc. (NASDAQ:QFIN) provides AI-empowered Credit-Tech platform. The company's offerings include a range of technology services, including preliminary credit assessment, borrower acquisition, post-facilitation services, and more. While we acknowledge the potential of XXXX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
