MUMBAI – Concerns over high valuations in the smallcap universe seems to have ebbed as stocks rallied in the week gone by and outperformed benchmarks by a wide margin. As many as 400 smallcap stocks gave double-digit returns of upto 52% in the week ended April 5, data by Ace Equity showed. Of these 400 … Read more
Mahantesh Sabarad, Independent Market Expert, says the market expects a continuation of the government and better monsoon forecast. If these two things happen, there will be solid earnings growth. We might expect a little bit of moderation in valuation, but the market momentum will not get disturbed and will not see a great fall. We … Read more
Bajaj Auto. Share Price 8498.45 03:58 PM | 22 Feb 2024 266.21(3.24%) HCL Technologies. Share Price 1686.40 03:58 PM | 22 Feb 2024 50.11(3.07%) Eicher Motors. Share Price 3951.40 03:57 PM | 22 Feb 2024 115.06(3.00%) Coal India. Share Price 445.15 03:59 PM | 22 Feb 2024 12.20(2.82%) ITC. Share Price 414.45 03:59 PM | … Read more
The gloomy global economic outlook, optimally projected earnings estimate, coupled with high quartile valuation multiples has prompted Waterfield Advisors to take a cautious stance on the Indian market. “The benchmark Nifty-50 is trading at over 20 times its 1-year forward earnings. Though this multiple appears reasonable, it is not cheap compared to other global and … Read more
Notwithstanding top performance of Indian headline indices, AIF benchmarks have outperformed the S&P BSE Sensex, generating an internal rate of return (IRR) alpha of 13.5% as of March 2023, a CRISIL report reveals. This outperformance is not limited to a handful of funds as over 75% of them in the benchmark have generated a positive … Read more
Washington: British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, … Read more
Mumbai|Kolkata: Qatar Investment Authority (QIA) agreed to invest ₹8,278 crore ($997 million) in Reliance Retail Ventures (RRVL) at an equity valuation of ₹8.2 lakh crore ($100 billion), making it the single largest investment by the sovereign wealth fund of the gas-rich country in India. RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted … Read more
SoftBank Group Corp.’s Arm Holdings Ltd. took a step toward what’s set to become the biggest US initial public offering of the year, a bet that the once-obscure designer of phone chips can flourish in the era of artificial intelligence computing. In a long-awaited regulatory filing Monday, Arm said the offering is being led by … Read more
“We are enthused by earnings prospects of domestic facing sectors like BFSI, Cement, Infrastructure and Capital Goods etc.,” says Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd. In an interview with ETMarkets, Kumar said: “India is a shining economy and structurally well placed as an investment destination to command higher valuation … 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