Trideep Bhattacharya, CIO, Edelweiss MF, says: “It will probably take the next year for that improvement to come through. But the valuations over the next one or two quarters would be such that they may be good to add. On net balance, we were underweight on IT by about 300 bps at the end of … Read more
The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward. Naveen Kulkarni, chief investment officer of Axis Securities PMS, said the action in the US was on expected lines and … Read more
Pen maker Flair Writing Industries has filed draft papers with markets regulator Sebi for Rs 745 crore IPO. The total offer size comprises a fresh issue of equity shares up to Rs 365 crore and an offer for sale (OFS) of up to Rs 380 crore. Under the OFS segment, Khubilal Jugraj Rathod is to … Read more
Shares of Biocon surged 8% in intraday trade on Tuesday after the company reported strong earnings growth for the three months ended March period. The stock hit a high of Rs 260 and is currently trading 2.5% higher at Rs 247.5 apiece on NSE. The pharmaceutical major’s net profit rose 31% to Rs 313 crore … Read more
New Delhi: Healthtech startup THB Friday said it has raised $20 million in a growth-stage and equity-based funding round led by Filter Capital and Edelweiss Discovery Fund Series-I. Other investors included Cornerstone Venture Partners Fund (CSVP) and Healthquad, the statement said. THB, which stands for technology, healthcare and big data analytics, said it will use … Read more
“We are constructive on equity markets from a 3-year perspective. This is driven by our positive stance on the following themes which fall across multiple sectors,” says Trideep Bhattacharya, CIO-Equities, MF. In an interview with ETMarkets, Bhattacharya said: “We expect equity markets to remain volatile near-term. Hence, to smoothen out volatility in current equity markets, … Read more
. has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout, according to people familiar with the matter. The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with ., , , … Read more
New Delhi: Financial services platform KFin Technologies has raised Rs 675 crore from anchor investors days before its initial share-sale. The company has decided to allocate over 1.84 crore equity shares to 44 funds at Rs 366 apiece, aggregating the transaction size to Rs 675 crore, according to a circular uploaded on BSE website on … Read more
“The next leg of growth will come from BAM (B)anking, (A)uto & Auto Ancillaries and (M)anufacturing stocks,” says Manoj Bahety, CFA, Founder at Carnelian Capital Advisors LLP. In an interview with ETMarkets, Bahety, said: “We also like telecom space in India, which after years of consolidation is well placed to reap benefits of operating leverage, … Read more
New Delhi: The love of liquor is usually quite evident in the last quarter of the year, when the demand for alcohol is high on the back of festive season followed by the new year celebrations. However, performance of brewery stocks has not been high on spirits in the long run, but the majority of … Read more