“Once the next quarter earnings commentaries come out and things settle down, that will be the opportunity to buy because longer term, I still think Indian IT is a good story because of the huge cash they generate, the buybacks they do and the dividends they pay. But I do not think that the slowdown … Read more
In an interview with ETMarkets, Amit Jain, Co-founder, Ashika Global Family Office Services, said: “Investors may exit from high P/E stocks as they might face some time correction going forward.” Edited excerpts: Indian market hit a record high in November and the momentum continued in December as well. Where is the market headed?We have been … Read more
Inox Green Energy, along expected lines, made a muted debut on the bourses on Wednesday. Even after the listing, the stock continued to trade on a lacklustre note. The scrip, against the issue price of Rs 65 apiece, got listed at a discount of 8% at Rs 60 per share on the National Stock Exchange … Read more
Shares of multiplex operators PVR and surged over 5 per cent in Monday’s trade after Brahmastra posted a higher-than-expected box office collection over the weekend. Global box office receipts for Brahmastra are believed to have reached $26.50 million (Rs 211 crore), of which $18 million came from India, $4.50 million from North America and $4 … Read more
While the headline index Nifty gained 3.4 per cent in August, the total market capitalization of BSE-listed companies increased to Rs 280.24 lakh crore during the month. As a result, Dalal Street investors turned richer by Rs 13.66 lakh crore in August. In July-end, the total market capitalization of BSE-listed companies was at Rs 266.58 … Read more
Even though the pandemic threat has ebbed away and movies are getting released on the big screen, OTT platform’s aggressiveness and increased adoption are a threat to multiplexes. The merger of the two largest multiplexes in India, Inox Leisure and PVR Ltd, has put a big spotlight on this threat, and raised hopes that the … Read more
A host of brokerages have come out with reports, offering insights into how various sectors performed in the June quarter and what investors should expect going into the results season. While a few sectors are yet to be previewed by analysts, those previewed are discussed below: IT sector Kotak Institutional Equities expect divergent performance across … Read more
New Delhi: PVR and have received approval from Sebi and stock exchanges regarding the proposed merger, three months after the merger announcement. The next step for the two multiplex owners is to get clearance from the National Company Law Tribunal (NCLT), which as per Nirmal Bang Institutional Equities, could take another six months. The Competition … Read more
NEW DELHI: Shares of Inox Wind tumbled 4 per cent on Wednesday after the company said it is raising Rs 402 crore through preferential issue of equity shares and convertible warrants. The firm said its promoters will infuse Rs 150 crore while a foreign company Samena Green will infuse Rs 152.5 crore. Lend Lease Company … Read more
In terms of Reliance, I think it will clearly continue to do well. IT to an extent, yes it has already had a fairly good rally but again as we go closer to IT companies reporting in less than a couple of weeks that the expectations will kind of pick up given that Accenture has … Read more