Mumbai: The government may have to lower its valuation expectations in the initial public offer (IPO) of Life Insurance Corp of India (LIC) that’s likely to be launched in about two weeks after a reduction in the overall size of the offer, said people with knowledge of the matter. The recent fall in the stock … Read more
Mumbai: Artificial intelligence and analytics solutions provider Fractal Analytics has kick-started the formal process to launch its public issue towards the second half of the year valuing the Bengaluru unicorn at around $2.5 billion (₹18,000 cr), multiple people aware of the development, said. The company plans to offer 15-20% stake through the proposed IPO that … Read more
Mumbai: Shares of parent One97 Communications plunged as much as 19% on Monday, adding to its 27% decline on debut on Thursday as retail investors who bet on a listing gain continued to dump the stock while domestic institutional investors stayed away from the counter. The subdued listing and continuation of weak trading on Paytm … Read more
However, compared to global indices, the Sensex is the second most expensive after the Nasdaq of the US. Synopsis Analysts said cheaper valuations have been on account of stronger-than-expected profit growth in the March and June quarters. In January-March, Sensex companies posted their highest-ever net profit numbers driven by higher commodity prices and strong consumer … Read more
(This story originally appeared in on Jul 12, 2021) MUMBAI: The valuation of food delivery major Zomato that’s going public through an IPO with an indicative market capitalization of around Rs 60,000 crore, has been a topic of much discussion on social media with many raising an eyebrow if it’s really worth that much. People … Read more
The change in calculations have made Nifty’s valuations cheaper, but they are still higher than the regional peers. Synopsis The exchange in February announced that index PE ratio will be calculated by taking into consideration earnings, including profits and losses, reported by each index constituent in the trailing four quarters on a consolidated basis effective … Read more
In a post earnings conference call, Escorts’ management said that the replacement demand is improving due to stronger farm cashflow, which may help in higher volume for FY22 over the record growth seen in FY21 so far. Synopsis Analysts expect tractor volume to remain either flat or grow marginally in FY22 as the pent-up demand … Read more
DK Aggarwal Before jumping in to discuss whether or not to accept a share delisting offer, let’s first understand what is delisting. The simple meaning of delisting is the removal of listed stocks from a stock exchange, either voluntarily or involuntarily. Voluntary desilting happens when a company chooses to get delisted in order to expand … Read more
Mirae Asset Emerging Bluechip Fund that completed 10 years recently is one of the best schemes in the Indian mutual fund space. The best known large & mid cap scheme has given around 18% returns since inception. Shivani Bazaz of ETMuutalFunds.com spoke to Neelesh Surana, CIO, of Mirae Asset India, to find out how he … Read more