Chakri Lokapriya, CIO & MD, TCG AMC, says “as we reach the date of the listing of the new entity, HDFC bank, because the arbitrage between HDFC and HDFC bank also is narrowing. HDFC bank from here on, it will trade on its fundamentals which is higher margins and higher loan growth.” The merged HDFC … Read more
India’s leading drone maker Ideaforge has raised about Rs 254 crore from anchor investors ahead of its IPO. The company has allocated 37.92 lakh equity shares in the anchor round at Rs 672 apiece. Some of the leading domestic and foreign investors participated in the round, including Nomura, Invesco, HSBC, ICICI Pru MF, Mirae Asset … Read more
“With the China market flattening out and even actually falling, there was a shift in investor attention from North Asia to India. So, this confluence, low valuation, improving macro, better relative position has created that momentum in the market,” says Sanjay Mookim, JPMorgan.How would you start with the current market setup if you have to … Read more
Mumbai: Traders have mounted bullish bets on HDFC Asset Management Co and Shriram Finance as the recent exit of large investors in these companies are seen to remove the share supply overhang. Analysts said both stocks are likely to be outperformers in the coming months. HDFC AMC shares rallied 11.28% on Tuesday after Abrdn Investment … Read more
The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.49 lakh crore in Wednesday’s morning trade as the benchmark Sensex reached its lifetime peak of 63,588.31. The 30-share BSE benchmark advanced 260.61 points or 0.41 per cent to hit its all-time high of 63,588.31 in morning trade. On December 1 last … Read more
Equity markets are back near all-time highs and investors are on the hunt for potential multibaggers that could reward them handsomely. Analysts say the current market offers opportunities to invest across the board — from largecaps to smallcaps. On the occasion of its 14th anniversary, ET Now asked D-Street veterans to give potential multibagger ideas … Read more
Mumbai: India’s Nifty has the potential to touch 20,000 between now and April next year, said Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies, a Mumbai-based hedge fund. In an interview with ET, the money manager said he is more constructive on India’s equity markets now than he has been for a long time, … Read more
In the last three months of strong gains in markets, it is the stocks in the broader market that are partying hard as is visible in their performances. This also reflects in the traction that mutual funds have seen in their midcap and smallcap funds. Among the top 25 schemes by assets under management (AUM), … Read more
The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely. Announcement of the so called ‘record date’ — or the cut-off day set for investors … Read more
Mumbai: State Bank of India (SBI) is likely to kick off rupee bond issuances for the current financial year towards the end of this month or early next month with a sale of additional tier-1 bonds, sources aware of the development said The bond sale could be for up to ₹10,000 crore, with a base … Read more