Mon, Nov 25, 2024 5:18 PM
Sebi approves IPO papers of Kalpataru, Unimech Aerospace
A Flip by Avya Verma
William Blair analyst Jeff Schmitt initiates coverage of Nasdaq with an Outperform rating, citing its successful transition from an exchange operator to a leading technology company with a consistent growth profile. Non-transactional revenues make up 80% of its mix, with 60% being recurring, and scalable technology solutions offering favorable long-term growth prospects.
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Mastercard Foundation Asset Management Corp., a new institutional investor, has made a significant purchase in the private equity secondaries market, buying private equity stakes from Eastman Kodak Co.'s pension plan for $550.6 million, a 28% discount, as part of its plan to diversify its $50 billion Mastercard stake.
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FIIs continued buying for the second consecutive day, net buying shares worth Rs 1,158 crore, while DIIs net sold shares worth Rs 1,911 crore, as the Sensex and Nifty ended lower, down 0.13% and 0.11% respectively, with mixed trends seen across sectors. FIIs have net sold Rs 2.83 lakh crore shares this year, while DIIs have net bought Rs 5.54 lakh crore worth of shares.
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