MFs pump over Rs 11,600-cr in equities in Sept; FPIs in sell-off mode

NEW DELHI: Mutual fund houses have made investments of over Rs 11,600 crore in domestic equities in September despite volatility in stock markets, even as foreign investors pulled out a massive Rs 10,825 crore. The sell-off by foreign portfolio investors (FPIs) from the Indian equity markets has provided an opportunity to mutual fund managers, experts believe.

FirstEnergy Corp. (FE) Moves Higher on Volume Spike for October 08

FirstEnergy Corp. (FE) traded on unusually high volume on Oct. 08, as the stock gained 0.18% to close at $38.05. On the day, FirstEnergy Corp. saw 5.77 million shares trade hands on 29,732 trades. Considering that the stock averages only a daily volume of 3.54 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Jefferies Financial Group Equities Analysts Reduce Earnings Estimates for Casey’s General Stores Inc (CASY)

Casey’s General Stores Inc (NASDAQ:CASY) – Jefferies Financial Group cut their Q4 2019 earnings estimates for Casey’s General Stores in a research report issued on Tuesday, September 11th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Mandeville now anticipates that the company will post earnings of $0.56 per share for the quarter, down from their previous forecast of $0.59. Jefferies Financial Group has a “Buy” rating and a $142.00 price objective on the stock. Jefferies Financial Group also issued estimates for Casey’s General Stores’ Q1 2020 earnings at $1.82 EPS, Q2 2020 earnings at $1.87 EPS, Q3 2020 earnings at $0.66 EPS, Q4 2020 earnings at $0.80 EPS, FY2020 earnings at $5.15 EPS, FY2021 earnings at $5.60 EPS and FY2022 earnings at $6.53 EPS.

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