Cash Valuation The Price-to-Free Cash Flow (P/FCF) ratio compares a company’s market price to its free cash flow (FCF). It is used to assess how much investors are paying for each rupee of a company’s free cash flow, which is a critical indicator of financial health and sustainability.Formula: Price-to-Free Cash Flow = Market price per … Read more
Defining Enterprise Value (EV) and Market Capitalization (MCAP) Enterprise Value (EV): Represents a company’s total value, incorporating market capitalization, debt, minority interest, and cash reserves. It offers a comprehensive view of the company’s worth, particularly from an acquisition perspective. Formula: EV = Market Cap + Total Debt + Minority Interest – Cash & Cash EquivalentsMarket … Read more
Mumbai: Bajaj Finserv is gearing up to unlock value in its insurance businesses by exploring public listings after buying out Allianz in the nearly a quarter-century-old joint venture that ran both general and life insurance entities, sources told ET. “In the plan submitted to the regulator about the IPO, Bajaj had conveyed that it will … Read more
Despite recent market corrections, Ashish Gupta, Chief Investment Officer (CIO) at Axis Mutual Fund, believes that both the defence and public sector undertaking (PSU) sectors still present compelling investment opportunities. Speaking with ET Now, Gupta provided insights into the valuation concerns in defence stocks and the evolving outlook for PSUs, particularly in the utilities space. … Read more
The DSP Mutual Fund recently introduced the DSP Nifty Private Bank Index Fund, an open-ended scheme that tracks the Nifty Private Bank Index. This fund offers investors a targeted approach to the private banking sector in India. The NFO will be available from February 14, 2025, to February 28, 2025. Investors have the option to … Read more
Believing that the current expensive valuations pose a downside risk to Bajaj Housing Finance shares, domestic brokerage firm Kotak Institutional Equities has initiated coverage on the stock with a ‘sell’ rating and a target price of Rs 100. This signals a potential downside of 21% in the stock. “Bajaj Housing Finance trades rich (4.7X book … Read more
“I think fixed income will be a tough competitor to equity is my guess. Again, no one knows, but my guess is fixed income also has a reasonable chance,” says Rajeev Thakkar, CIO, PPFAS. Expecting it to be a better year?Rajeev Thakkar: Hopefully, yes. Better year, I am not so sure because last year returns … Read more
A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 12% and 25% as per analysts’ price targets. DLF BROKERAGE: JEFFERIES Price Target: Rs 985 CMP: Rs 830 Upside: 18.7% Risk-Reward favourable with stock trading below net asset value (NAV), strong cash flows Recent stock underperformance … Read more
Mumbai: Promoters of more than 200 companies have cumulatively sold stock worth more than ₹33,000 crore in the past two months, suggesting that valuations have become attractive enough for owners to book returns on part of the equity they hold. As the question of stretched valuations continues to swirl through Dalal Street, promoters seem to … Read more
The initial public offer (IPO) of Kronox Lab Sciences opened for subscription earlier today and will close on June 5. The issue is completely an offer for sale of 95.7 lakh shares. Since the IPO is entirely an OFS, all the net proceeds will go to the selling shareholders, including Jogindersingh Jaswal, Ketan Ramani and … Read more