Latest news with #200DMA
Mint
5 days ago
- Business
- Mint
LIC-backed NBFC raises ₹2,000 crores via QIP; Quant Mutual Fund ups stake to 5.96%
Capri Global Capital shares fell more than 5% during the early part of Monday's trading session; however, the stock has bounced back in the latter half of the session today. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Capri Global Capital shares highly volatile counter witnessing sharp swings on both sides. After a gap-down start today, the stock recovered to trade flat. The recent low near ₹ 150 acts as strong support, while a breakout above ₹ 185 and the 200DMA could trigger positive momentum. Traders should wait for a decisive move beyond the ₹ 150– ₹ 185 range. Capri Global Capital share price today opened at ₹ 167.65 apiece on the BSE, the stock touched an intraday high of ₹ 172.60 per share, and an intraday low of ₹ 161.50 per share. As per shareholding pattern public shareholder for the quarter ending 12 June 2025 on the BSE, Life Insurance Corporation Of India (LIC) holds 7.89% stake in Capri Global Capital. Sbi Life Insurance Co too holds 2.97% stake in the firm. In its most recent filing, the company announced that Quant Mutual Fund raised its stake to 5.96% from 1.53%. The non-banking financial company (NBFC) has announced that it successfully completed its Qualified Institutional Placement (QIP), raising primary equity capital of ₹ 2,000 crores by issuing approximately 136.5 million shares to institutional buyers. The QIP Committee, authorized by the Board, met on June 12, 2025, to determine the pricing and allocation for the QIP. As stated in an exchange filing, this is the company's first QIP in the past ten years. The offering received an enthusiastic response from a diverse group of institutional investors, including both foreign and domestic long-only funds, mutual funds, and insurance companies such as Quant Mutual Fund, 3P Investment, BlackRock, Think Investments, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance, ICICI Lombard General Insurance, SBI General Insurance, HDFC ERGO General Insurance, TATA AIF, and many other long-only investors, underscoring the company's execution and technological capabilities, strong governance, and long-term vision. 'The successful QIP marks a significant milestone in Company's growth journey. The capital raised will enable us to capitalise on growth opportunities across key lending verticals, expand our geographical presence, invest in AI & data science capabilities and strengthen our capital base,' said Rajesh Sharma, Managing Director of the company.
Mint
5 days ago
- Business
- Mint
LIC-backed NBFC raises ₹2,000 crores via QIP; Quant Mutual Fund ups stake to 5.96%
Capri Global Capital shares fell more than 5% during the early part of Monday's trading session; however, the stock has bounced back in the latter half of the session today. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Capri Global Capital shares highly volatile counter witnessing sharp swings on both sides. After a gap-down start today, the stock recovered to trade flat. The recent low near ₹ 150 acts as strong support, while a breakout above ₹ 185 and the 200DMA could trigger positive momentum. Traders should wait for a decisive move beyond the ₹ 150– ₹ 185 range. Capri Global Capital share price today opened at ₹ 167.65 apiece on the BSE, the stock touched an intraday high of ₹ 172.60 per share, and an intraday low of ₹ 161.50 per share. As per shareholding pattern public shareholder for the quarter ending 12 June 2025 on the BSE, Life Insurance Corporation Of India (LIC) holds 7.89% stake in Capri Global Capital. Sbi Life Insurance Co too holds 2.97% stake in the firm. In its most recent filing, the company announced that Quant Mutual Fund raised its stake to 5.96% from 1.53%. The non-banking financial company (NBFC) has announced that it successfully completed its Qualified Institutional Placement (QIP), raising primary equity capital of ₹ 2,000 crores by issuing approximately 136.5 million shares to institutional buyers. The QIP Committee, authorized by the Board, met on June 12, 2025, to determine the pricing and allocation for the QIP. As stated in an exchange filing, this is the company's first QIP in the past ten years. The offering received an enthusiastic response from a diverse group of institutional investors, including both foreign and domestic long-only funds, mutual funds, and insurance companies such as Quant Mutual Fund, 3P Investment, BlackRock, Think Investments, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance, ICICI Lombard General Insurance, SBI General Insurance, HDFC ERGO General Insurance, TATA AIF, and many other long-only investors, underscoring the company's execution and technological capabilities, strong governance, and long-term vision. 'The successful QIP marks a significant milestone in Company's growth journey. The capital raised will enable us to capitalise on growth opportunities across key lending verticals, expand our geographical presence, invest in AI & data science capabilities and strengthen our capital base,' said Rajesh Sharma, Managing Director of the company. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Forbes
23-05-2025
- Business
- Forbes
Check-In On DeepSeek Sell-Off
Update from January Sell-Off in Artificial Intelligence January 27, 2025, saw several dozen stocks related to artificial intelligence infrastructure post lag single day drops, in many cases just days after reaching 52-week highs. The news of a large language model being developed (DeepSeek) for much cheaper than had been previous thought capable was released. Shortly after, we looked for past precedent of stocks dropping very quickly from highs and for what the playbook going forward had been. We looked back over the past four years, and when stocks above the $10B market cap dropped at least 15% from 52-week or all-time highs within a five-day period, and tracked their trajectory going forward. Considering very different general market environments, it may be useful to separate the results into two time periods, 2023–2024 and 2021–2022. Some notes on the results from above: Separating the groups by those who made it back to 52-week highs and those who did not (using a forward one-year period from the initial low), the results are below. A decent indicator of whether or not a stock would make it back to highs has been the 200-DMA. Not surprisingly, those with a breach of the 200-DMA made it back to highs less often. Some examples. First from 2023–2024 we can look at four basic categories of outcomes below. For each stock example, the month in parentheses is the month of the initial drop from highs. And from 2021–2022 we can look at four cases. Notice the very different percentage breakdowns in each category. Now for the current batch of stocks that initially dropped sharply in January. Image5 Some notes on the results from above: So overall, enough time has passed to begin judging the health of the recoveries. Clearly these type of sell-offs have acted better than 2021–2022, but are taking longer given they are coming from deeper corrections versus 2023–2024). It remains early to judge those making it back to highs versus those not, as right sides of bases are generally being built. But here are three examples of stocks in the group: Kenley Scott, Director, Global Sector Strategist at William O'Neil + Company, was the lead author and made significant contributions to the data compilation, analysis, and writing for this article.
