valuation

ETMarkets Smart Talk- Direction of market from hereon will be largely determined by earnings growth: Niraj Kumar

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ETMarkets Smart Talk- Direction of market from hereon will be largely determined by earnings growth: Niraj Kumar

“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

We continue to remain overweight on financial stocks: Sanjay Mookim

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We continue to remain overweight on financial stocks: Sanjay Mookim

“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

Poonawalla Fincorp trumps Federal Bank in market valuation

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Poonawalla Fincorp trumps Federal Bank in market valuation

Mumbai: Poonawalla Fincorp‘s market capitalisation ended above that of private lender Federal Bank after the shares of Pune-based non-bank lender advanced for the third day on Wednesday. Adar Poonawalla-led Poonawalla Fincorp closed at ₹348.15 apiece on the BSE on Wednesday, up 0.61% from the previous close. Shares of Kochi-based Federal Bank closed at ₹123.85, down … Read more

Prime Focus plans to list arm DNEG on Nasdaq

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Prime Focus plans to list arm DNEG on Nasdaq

Mumbai: Mumbai-based Prime Focus plans to unlock value for stockholders by a possible share swap structure with DNEG, its London-based subsidiary, and list it in Nasdaq, according to people close to the development. “Prime Focus is exploring ways for a possible conversion of existing shares of Prime Focus to DNEG and list its subsidiary on … Read more

Once US goes into recession, EMs will do well: Andrew Holland

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Once US goes into recession, EMs will do well: Andrew Holland

“So, emerging markets will be your first port of call where you are going to see growth either from a recovery or for just general growth compared to the rest of the world,” says Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP. Are you more constructive on the market in India or are … Read more

If oil stays below $100, then India will remain in good shape: Jinesh Gopani

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If oil stays below $100, then India will remain in good shape: Jinesh Gopani

“I think if you are looking at comparison to emerging markets, Indian market valuation is still a bit higher as compared to the other emerging markets. And hence, if you see, last 12 months we would have underperformed as a market as compared to other markets,” says Jinesh Gopani, Axis Mutual Fund. Let me start … Read more

Sebi mulls PCVs to offer long funding

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Sebi mulls PCVs to offer long funding

Mumbai: Amid allegations of fierce valuation games that drive startups to dress up numbers and venture capitalists to spin stories to investors, the idea of permanent capital vehicles (PCVs) to offer long, patient funding to unlisted outfits of Indian entrepreneurs is being explored. Unlike regular private equity (PE) and venture capital (VC) funds which have … Read more

ETMarkets Smart Talk: Stock market performance will be driven by earnings outlook and valuation in 2023: V Srivatsa

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ETMarkets Smart Talk: Stock market performance will be driven by earnings outlook and valuation in 2023: V Srivatsa

“Market performance will be more driven by earnings outlook and valuation depending on the growth prospects,” says V Srivatsa, Executive VP & Fund Manager – Equity, . In an interview with ETMarkets, Srivatsa said: “The budget has broadly maintained the fiscal consolidation and more importantly focussed on the infra spending which has long term multiplier … Read more

Forex reserves log fastest growth in 14 months

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Forex reserves log fastest growth in 14 months

Mumbai: India’s central bank is beginning to add to its stockpile of foreign exchange assets yet again after valuation changes and periodic market interventions caused the reserves to shrink about $100 billion from record highs late last year. Renewed stock purchases by overseas funds and buy-sell swap trades are among a raft of factors that … Read more

Sebi seeks details on startup valuation from PE, VC funds

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Sebi seeks details on startup valuation from PE, VC funds

Mumbai: The capital market regulator is taking a close look at how private equity houses (PE) and venture capital funds (VCF) value the startups and unicorns they bankroll. A propped-up valuation gives a rosy picture of the portfolio to a fund’s investors and paves the way for the fund manager to attract more money from … Read more