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Zerodha CEO Nithin Kamath revealed that a company colleague now holds an astonishing 3,100 stocksnearly the entire NSE universepushing diversification to an extreme. Kamaths post triggered witty reactions online, with users calling it a personal mutual fund and warning that excessive diversification, high costs, and microcap illiquidity could drag long-term returns.
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The chip maker says revenue for the three months to October jumped 62% to $57bn.
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Sammaan Capital shares rebounded sharply on Thursday after the company clarified that no investigative or regulatory agency has any ongoing probe related to allegations in a 2019 PIL filed by a whistleblower forum. The Supreme Court also noted that no affidavit indicated wrongdoing by the firm, helping the stock recover following Tuesdays sharp decline.
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News and Media
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