Mumbai: India’s benchmark indices have declined just 10% from their 52-week highs, but a scratch beneath the surface would paint a gloomier picture of investor wealth destruction. As many as 325 stocks of the NSE 500 index are down more than 20% from their 52-week highs, while about 140 stocks are trading 30-60% below their … Read more
Mumbai: Star Health and Allied Insurance Co will become the first pure-play health insurance company to list on the local stock exchanges, as it prepares to launch its ₹7,249-crore initial public offering next week. The IPO includes an issue of fresh shares worth up to ₹2,000 crore and an offer for sale of shares worth … Read more
MUMBAI: One of India’s richest investors, Rakesh Jhunjhunwala, on Friday acknowledged that there is a lot of skepticism for his latest entrepreneurial venture, Akasa Airline, but he is hopeful. “I see a lot of skepticism for the airline, but I am hopeful about it,” he told India Today in an interview. Jhunjhunwala, who is referred … Read more
Market participants tend to treat several stocks like hot potatoes when there are concerns that share prices are perceived to have run up too soon. At this point, the focus is on stocks that are seeing an increase in investor interest. In the BSE500 index, 34 stocks including Gujarat Pipavav, Finolex Industries, TCS, VA Tech … Read more
It is very rare to see true long-term investment success, where an investor’s returns outperform the index year after year. But Nicholas Sleep has done that for 12 years, returning an average of 18.4% per annum year after year. Sleep’s name may not find place among the investing legends that the market keep talking about … Read more
MUMBAI: In a landmark ruling, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has refused to differentiate between an investor in a housing project and a homebuyer and has directed a developer to honour contractual obligations. The ruling is expected to set a precedent for all such matters arising from the refusal of developers to acknowledge … Read more
Mumbai: Unabated foreign investor purchases and lower-than-expected contraction in the Indian economy are keeping the stock market humming. Key indices closed at record highs on Tuesday but simmering consumer inflation and rich valuations are keeping market participants on the edge. While investors have taken note of the advancing bond yields in the past month on … Read more
Famed value investor Jeremy Grantham says the best returns on investments do not come from taking biggest risks, but from buying cheapest assets. He says the lesser an investor pays for a stream of earnings, the higher will be the chances of his return over time. “You don’t get rewarded for taking risk; you get … Read more