FMCG and IT are two areas where we have added money: Trideep Bhattacharya, CIO, Edelweiss Asset Management

FMCG and IT are two areas where we have added money: Trideep Bhattacharya, CIO, Edelweiss Asset Management

On Tuesday, the market capitalisation (m-cap) of BSE-listed companies saw a dramatic decline of Rs 31 lakh crore. This drop was the result of dramatic results in the General Elections, with the BJP led by Prime Minister Narendra Modi falling short of a simple majority. As a result, the combined m-cap of BSE-listed firms decreased … Read more

Selective in pharma and capital goods; will move to overweight in IT on weakness: Trideep Bhattacharya

Selective in pharma and capital goods; will move to overweight in IT on weakness: Trideep Bhattacharya

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

US Fed hike on expected lines; RBI to take a balanced view: Analysts

US Fed hike on expected lines; RBI to take a balanced view: Analysts

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 files draft papers with Sebi for Rs 745 crore IPO

Pen maker Flair files draft papers with Sebi for Rs 745 crore IPO

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

Biocon shares jump 8% post Q4 results. Is the Street happy?

Biocon shares jump 8% post Q4 results. Is the Street happy?

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

Healthtech SaaS startup THB raises $20 million – ET HealthWorld

Healthtech SaaS startup THB raises  million – ET HealthWorld

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

ETMarkets Smart Talk: We are constructive on equity markets from a 3 year perspective: Trideep Bhattacharya

ETMarkets Smart Talk: We are constructive on equity markets from a 3 year perspective: Trideep Bhattacharya

“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

Adani flagship shelves $122 million bond plan after market rout

Adani flagship shelves 2 million bond plan after market rout

. 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

Ahead of IPO, KFin Tech collects Rs 675 crore from anchor investors

Ahead of IPO, KFin Tech collects Rs 675 crore from anchor investors

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

ETMarkets Fund Manager Talk: This money manager with AUM of Rs 1600 cr sees growth coming from BAM stocks

ETMarkets Fund Manager Talk: This money manager with AUM of Rs 1600 cr sees growth coming from BAM stocks

“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