- HDFC Asset Management Co. is lower for the seventh straight day, on track for the longest losing streak since the period ended Sept. 24, 2020.
- HDFC AMC has lost a total of 7.3% during the streak while the S&P BSE Sensex Index fell 0.1%. Today, the stock fell 1.2% to Rs 2,735.50.
- The relative strength index on the stock was 25, suggesting it may be oversold.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Has 1.27 Crore Shares Change Hands In Block Deal
Gold Silver Reports (GSR) – Kotak Mahindra Bank is likely to see block deals as ING Group had plans to sell its remaining stake in the bank worth about $1 billion.
Kotak Reduces Promoter Shareholding To Meet RBI Mandate
Gold Silver Reports (GSR) – The promoters of Kotak Mahindra Bank Ltd. have reduced their shareholding in the lender after a preferential issue of non-convertible shares, in line with a directive by the Reserve Bank of India.