HDFC Mutual Fund raises stake to 7.27% in this beaten down mid-cap stock

HDFC Mutual Fund has raised its stake in midcap stock BEML to 7.37 percent from 5.23 percent earlier.

According to the disclosure, HDFC Mutual Fund, through its various schemes, acquired an additional 8,49,308 equity shares of BEML Limited. Before the acquisition, the fund’s holding stood at 5.23 percent, representing 21,79,541 shares with voting rights. Following the transaction, its total holding increased to 30,28,849 shares, equivalent to 7.27 percent of the paid-up equity share capital of the company.

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400% gain in 5 years! Small-cap stocks below ₹50 jump 4% after this business update

Small-cap stock Blue Cloud Softech Solutions jumped over 4 per cent in morning trade on BSE on Thursday, February 27. The software company’s shares opened at ₹30.66 against its previous close of ₹30.51 and jumped 4.33 per cent to the level of ₹31.83. However, it soon witnessed profit booking in a weak market and dropped 1.5 per cent. Around 10:45 AM, the stock traded 0.82 per cent down at ₹30.26.

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SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?

Steel stocks have been reeling under severe pricing pressures, led by cheaper imports. Over the past one month, stock prices of steel companies have declined up to 9 per cent on the National Stock Exchange (NSE). Investors, however, may use the correction to enter the pack as pricing pressure may be bottoming out, believe analysts.

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