Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more
After a healthy response to the IPO, the shares of Aadhar Housing Finance listed on the exchanges today at Rs 314.3, a marginal discount of 0.22%, on BSE. Ahead of the listing, the company’s traded with a premium of Rs 50 in the unlisted market The company boasts of highest assets under management (AUM) within … Read more
Gold prices ticked up on Friday and were on course for a third consecutive weekly rise as the global banking crisis sent investors flocking to the safe-haven metal. FUNDAMENTALS * Spot gold was up 0.1% at $1,920.19 per ounce, as of 0033 GMT. U.S. gold futures rose 0.1% to $1,925.50. * Bullion is set to … Read more