The better the quality of a company, the higher should be the holding period, said Raamdeo Agrawal, chairman of Motilal Oswal Financial Services. In an interview with ET, the veteran investor spoke on markets and various findings of the firm’s 25th annual wealth creation study scheduled to be released on Tuesday. Excerpts Your wealth-creation study … Read more
Mumbai: Singapore-headquartered private equity fund Everstone Capital will acquire a controlling stake in Calibre, the Mumbai-based specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments, said a company statement. ET had first reported in November that Everstone Capital is in talks to acquire Calibre Chemicals in a deal that could value the … Read more
NEW DELHI: Overseas investors remained net buyers to the tune of Rs 17,818 crore in Indian markets in first four trading sessions of December amidst better than expected economic recovery around the world and positive sentiment on the back of various vaccine results. As per depositories data, foreign portfolio investors (FPI) pumped in a net … Read more
Gland Pharma made a strong debut on bourses during the week gone by, while aviation major SpiceJet and telecom player Vodafone Idea advanced up to 32 per cent. On the other hand, private lender Lakshmi Vilas Bank cracked more than 40 per cent after the government placed the bank under a one-month moratorium. Overall, heavy … Read more
By Chris Bryant When the history of the modern financial era is written, there’s one comment that’s almost certain to merit inclusion: “Stocks only go up!” Sports-blogger turned day-trader Dave Portnoy’s pithy observation this summer was designed to both amuse and provoke. But if you’ve put money into US stocks since the market bottomed out … Read more
By Chris Bryant Wall Street isn’t always too fussed about whether a start-up is profitable before listing on the stock exchange. A decent track record of sales growth is usually pretty essential, though. That quaint idea has been turned on its head this year by the fad for special purpose acquisition companies. Called SPACs for … Read more
KOLKATA: Life Insurance Corporation of India (LICI), which is preparing for its Initial Public Offer (IPO) despite volatility in the stock market, has already made a profit of Rs 13,000 crore from its equity portfolio till August this year, a top official said on Wednesday. The insurer has collected about Rs 87,300 crore of renewable … Read more
I think equities will stabilise and will recover, but I am suspicious about the tech sector in the short term because it is just so expensive, says Geoff Dennis, EM Commentator. A lot of experts believe that the technology stocks were highly overvalued due to which we saw a massive sell off on Friday. How … Read more