Mumbai: Market participants are recommending caution to retail investors who are mulling putting money in the government’s share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors … Read more
Mumbai: Maruti Suzuki‘s continued dominance on Dalal Street as investors’ most preferred domestic automobile maker faces challenges with rival Hyundai Motor preparing for a debut on Indian bourses. The South Korean car maker‘s listing in the country could weigh on the premium valuations that Maruti’s shares enjoyed over other auto companies so far, said fund … Read more
Ashi Anand, Founder & CEO, IME Capital, says “in a market where the overall underlying momentum is quite strong, the sentiment is positive and the longer term outlook is looking good, it is important not to get carried away. There is a right price at which you need to buy a company. And if you … Read more
“So, basically, two years ago we started with very inflated multiples and slowly earnings are growing and multiples are falling. So, essentially from that perspective if you think about it, Nifty has underperformed debt returns over a two-year period,” says Vikash Jain, India Strategist, CLSA. After very long we are seeing Nifty coming in at … Read more
Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns. With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales. But mounting concerns about the risks of investing … Read more
Indian equities unfazed by weak global cues ended in the green in Friday’s session. Nifty ended at 19,820, up around 100 points, while Sensex added 333 points to settle the week at 66,599. Global distress weighed on IT and pharma stocks which came under selling pressure. Nevertheless, the gains in infra, industrial, and capital goods … Read more
India’s market capitalisation hit a record $3.75 trillion on September 4, propelled by inflows from domestic and foreign investors as well as a stream of new listings. According to Bloomberg data, Indian equities are ranked fifth in the world by market capitalisation, behind the US, China, Japan and Hong Kong. MARKET CAP EXPANSION DOES NOT … Read more
“When you are able to make a 5% risk-free rate in the US, then that is obviously going to be something that will put equity valuations all over the world into a question mark, so that is one thing that we need to keep in mind,” says Mahesh Nandurkar, Head of Research & MD, Jefferies.What … Read more
The stock of Apollo Hospitals made it to the Nifty-50 index last year. In May this year, Max Healthcare was included in the MSCI India Standard Index. Synopsis Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week. All leading listed healthcare players have hit … Read more
Mumbai: HDFC Bank‘s stellar first-quarter earnings – supported by healthy loan growth and margins, and strong asset quality – saw a number of brokerages reiterate their bullish recommendations on the stock that has the potential to deliver 25% returns given the attractive valuations. Shares of India’s largest private lender closed at Rs 1,678 Tuesday, little … Read more