Latest news with #250
Economic Times
a day ago
- Business
- Economic Times
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower."Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements."The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels."Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market."Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness."While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
Time of India
a day ago
- Business
- Time of India
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower. "Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Philippines: Affordable Refrigerators for Sale - Check Out the Prices! Refrigerators | Search Ads Search Now Undo The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these stocks. Continuous purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels. Agencies "Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market." Live Events Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness. "While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said. Pandey said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
Arab Times
3 days ago
- Business
- Arab Times
Iran-Israel Conflict Fuels Delivery Market Growth In Kuwait
KUWAIT CITY, June 17: It has been said that the misfortune of one person is the gain of another, as manifested in the remarkable increase in the activity of home delivery companies; given the escalation of war in the region between Iran and Israel, with no end in sight at present and amid the state of anticipation and caution among the public. In a statement to the newspaper, Home Delivery Company Owners Committee Chairman Abdul Aziz Al-Falih disclosed that the increase in activity in this sector has been estimated at 10 percent since the outbreak of the ongoing war between Iran and Israel. He said delivery companies were receiving 300 delivery requests per minute under normal circumstances, but this has now jumped to 330. He pointed out that water and food are the most in-demand commodities in recent days. 'Demand for essential items has increased, while the rate of non-essential deliveries has declined,' he added. He went on to say that the number of officially registered home delivery companies is about 1,902, and around 900 of these companies are active and operating nonstop. He stated that the number of bicycles used for delivery in the local market currently stands at 14,000; along with approximately 25,000 vehicles. He also confirmed that delivery prices have decreased due to the rising number of delivery companies. "Previously, the cost of delivery reached KD3, but with the increase in the number of companies in this field, the fee is now 500 fils or more, depending on the distance and the nature of the restaurants delivering the orders. The delivery market is currently witnessing competition that primarily serves the interests of consumers, while the committee meets monthly for coordination purposes,' he concluded. Fahad Al-Taraji, CEO of the delivery platform affiliated with Riders -- a delivery company-- confirmed that the delivery market has witnessed an increase in activity since the outbreak of the war; indicating it has increased even more during the current events. He expects increased activity as this sudden crisis continues. He affirmed that the delivery companies in the country are strong and active, stating that the company he manages has a capital of KD1 million and delivers orders at a flat rate of KD1,250 per order from Jahra to Umm Al-Hayman. He said the mission of home delivery companies is to facilitate the process of obtaining a personal delivery representative between individuals and homes, or for the owners of home businesses, regular stores, restaurants, companies in general, or even government institutions, banks and private companies. He said delivery companies also cover remote areas; such as Mutlaa, Sabah Al-Ahmad, Wafra, Khairan, Kabad and others, for only double the price. He pointed out that before the emergence of his company and other companies operating in the same field; there was a black market for delivery agents, in which the price of delivering an order ranged from KD3 to KD4 for nearby internal areas and KD7 to KD10 for remote areas. 'Therefore, the new delivery companies emerged to ease the financial burden on consumers and support productive families, shops, and small and medium enterprises (SMEs). They aim to market products at better delivery prices; and prevent unlicensed delivery agents from exploiting the delivery market or manipulating it, while preventing unjustified price hikes,' he asserted. He added that the coming period will witness cooperation with the Productive Families and Non-Traditional Crafts Association to open sales windows and support them without collecting fees. Moneim Qasim, a bicycle delivery representative, said the number of orders increased in recent days; starting Friday afternoon. He added that restaurant orders have decreased, while orders for food items from shopping centers that sell their products online have increased. He added that he used to deliver 15 orders per day, and now the number has reached 23. Adel Al-Zaki, an official at one of the major food shopping centers, stated that shopping through electronic websites are active these days due to the ongoing war between Iran and Israel -- around more than 20 increase in activity.
Yahoo
4 days ago
- Business
- Yahoo
eXp Realty Places 61 Agents and Teams on NAHREP's Top 250 Latino Agents List
Three eXp teams are among the top 10 Latino teams, showcasing eXp Realty's strong production and commitment to diversity, excellence and performance BELLINGHAM, Wash., June 16, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, 'the most agent-centric real estate brokerage on the planet™' and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced a milestone achievement as 61 eXp Realty agents and teams have earned placements across the 2025 National Association of Hispanic Real Estate Professionals (NAHREP) Top 250 Latino Agents and Teams list. eXp Realty dominated the rankings, with nearly 1 in 10 of NAHREP's Top 100 Latino Teams led by eXp agents, and 1 in 10 individual honorees overall affiliated with the brokerage. Also notable is that three eXp Realty teams are among the 2025 Top 10 Latino Teams, including: Ruben Luna, based in Phoenix and the leader of The Luna Team, secured the #4 overall ranking by successfully closing 552 transactions totaling $223,129,044 in sales volume. Monica Foster, leader of the Monica Foster team in the Greater Houston area, earned the #5 overall ranking by closing 491 transactions with a total sales volume of $179,821,155. Mario Victorica, leader of The Victorica Group operating out of San Antonio, claimed the #7 spot after completing 378 transactions totaling $99,613,592 in volume. Notable eXp Agents on the Top 250 Latino Agents list: Artemisa Boston of Minneapolis ranked #4 overall after closing 223 transactions with a total volume of $68,196,843. Nidia Guzman of Atlanta ranked #11 with 134 transactions totaling $60,817,484 in volume. Arturo Flores ranked #22 after completing 102 transactions with a total sales volume of $25,471,029. 'We are incredibly proud to see so many eXp agents and teams honored on the NAHREP Top 250 list. This recognition reflects our commitment to fostering an inclusive platform where high-performing Latino professionals can thrive and grow their businesses without limits,' said Leo Pareja, CEO of eXp Realty. 'This is personal for me – as the first Hispanic CEO of a major brokerage, I know how vital representation is. Our agents continue to set the standard for excellence across the industry.' eXp's placement on the Top 250 list surpasses traditional industry giants such as Keller Williams, Coldwell Banker, and Century 21, reaffirming the strength and growth of its inclusive and agent-first model. The annual NAHREP Top 250 Awards spotlight the nation's top-performing Latino real estate agents and mortgage originators. Honorees are selected through broker-verified self-nominations, with final rankings confirmed through MLS and franchise data. NAHREP membership is not required to participate. About eXp World Holdings, World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 27 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company's platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact:eXp World Holdings, Investor Relations Contact:Denise Garciainvestors@ A photo accompanying this announcement is available at 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
New Straits Times
4 days ago
- Business
- New Straits Times
Two retirees lose over RM1.1 million in separate online investment scams
SEBERANG PRAI: Police have launched investigations into two separate cases of online investment fraud that cost two retirees a combined total of RM1,148,370, highlighting the growing threat of financial scams targeting unsuspecting victims via social media platforms. State police chief Datuk Hamzah Ahmad said in the first case, a 55-year-old retiree of a private company in Prai lodged a report with the Commercial Crime Investigation Department of the Seberang Prai Tengah district police headquarters after being duped by an investment scheme operated by a company known as Freeman Ltd. Hamzah said that based on the victim's report, he came across an advertisement on Facebook in early April and was lured by promises of high returns - seven per cent on each investment within a short period. "Communicating with the female suspect via WhatsApp, the victim was instructed to download the Freeman Ltd app, register as a member, and invest through the platform. "Over a little more than a month, from April 19 to May 26, he made 22 money transfer transactions totalling RM827,120 to six different company bank accounts," he said in a statement tonight. Hamzah said the victim only realised he had been scammed when he was unable to withdraw his supposed profits, which the app showed as RM23.2 million. A police report was subsequently filed. In a separate but similar case, the Seberang Prai Utara district police received a report from a 56-year-old retired factory technician who lost RM321,250 in an online scam linked to a company called Demax Global. Hamzah said that according to the victim's report, he came across an investment advertisement on Instagram in December last year, offering a 30 per cent return within three months. "The victim also communicated with a female suspect via WhatsApp and was instructed to download the Demax Global app to begin investing. "On March 21 this year, he made his first investment of RM20,000 and, within a few months, received a return of RM14,150, which encouraged him to continue investing. "Between March 27 and June 3, he made 11 transactions into four different bank accounts linked to the scheme. "The scam came to light when the victim was unable to withdraw the displayed profits of RM280,000. When he attempted to make a withdrawal, the suspect demanded a withdrawal fee of RM120,000. "The victim proposed that the fee be deducted from his account balance, but the suspect refused and insisted that the payment be made separately," he added. Realising he had been deceived, Hamzah said the victim lodged a police report. Both cases are being investigated under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing the delivery of property.
