VALUATION OF SHARES
Adani enters cables, wires biz through new JV; sends shocks through Polycab, R R Kabel stocks
Adani Enterprises has launched a new joint venture, Praneetha Ecocables Limited, through Kutch Copper Limited. This has impacted the stocks of industry leaders Polycab and R R Kabel. Meanwhile, UltraTech Cement has entered the wires and cables sector, announcing a substantial investment, affecting smaller market players.
GRSE shares rally 6% after signing MoU with Nagaland PWD for modular steel bridges
GRSE announced on Thursday through an exchange filing that it will supply eight sets of double-lane modular steel bridges to Nagaland, supporting the government's Make in India initiative for regional development. The MoU was signed on March 19 in Kohima, Nagaland.
First DeepSeek, now BYD: China’s rally may make it harder for foreign investors to bet on India again
Foreign investors are diverting their capital from India to China due to the latter's robust market rally. This shift is driven by significant gains from companies like AI startup DeepSeek and EV producer BYD, which contrast with India's slowing growth and disappointing corporate earnings.
Foreign selling in Indian stocks continues unabated in first half of March
Foreign investors continued to offload Indian stocks, with the IT and consumer goods sectors experiencing significant selling in March. Concerns over the U.S. and Indian economies led to $3.5 billion in net sales, causing substantial declines in key indices. Recent policy measures failed to attract investors.
Stock picking even more important over next 2-3 years; betting on 5 themes now: Rakshit Ranjan
Rakshit Ranjan from Marcellus Investment Managers has adjusted the portfolio to increase exposure to rural areas, healthcare, and industries with unorganised to organised potential. Focus is also on high-quality financials and IP-based exports. With valuation comfort and stock-specific prospects, stock picking becomes crucial, particularly in sectors like healthcare, financials, and exports, amidst market volatility.
GRSE, Mazagon Dock, other defence stocks soar up to 19% as sector extends 1 month gains to over 14%
GRSE Share Price: The defense sector has experienced a notable rebound in the last month, rising by 14%, and is expected to emerge as the top-performing sector by the end of the financial year.
Leave something on the table! Greedy promoter trying to sell at top price during IPO won’t work any more: Mohit Gulati
Mohit Gulati, Managing Partner & CIO at ITI Growth Opportunities Fund, anticipates robust IPO market growth despite valuation corrections. Although corporate greed and high valuations have marked recent years, a more realistic pricing approach is expected. Quality papers and tech-related IPOs, particularly in fintech, are likely to dominate, requiring better corporate governance and market communication.
Global uncertainty may cloud steel outlook: Aditya Welekar
Steel industry shares reflect anticipated price hikes and valuation improvements due to the imposition of a 12% safeguard duty, which may lead prices to rise by Rs 1000 to Rs 2000 per tonne. Continuous monitoring is required due to geopolitical and macroeconomic uncertainties, especially from China.
TCS, Infosys, other IT stocks fall 2% after Nasdaq plunge, Citi's caution
India's IT sector experienced nearly a 2% decline, influenced by a significant drop in U.S. technology stocks. All major Indian IT companies saw their shares fall, with TCS and Infosys among the hardest hit. Citi Research remains cautious on the sector, citing high valuations and macroeconomic uncertainties.
PhysicsWallah files draft papers for Rs 4,600 crore IPO
Startups, which are eyeing public listing, are increasingly opting for confidential filing route amid choppy and unpredictable markets that have nudged several new age companies to reassess and go slow on their IPO plans.
Banking sector offers buying opportunity amid FPI sell-off: Nilesh Shah
Nilesh Shah, MD of Kotak AMC, highlights the performance of gold and the Nifty, noting gold's potential for great returns. He discusses market fundamentals, recommending a neutral weight to equity with a preference for banking, financial services, and consumer discretionary sectors amid market corrections.
Valuations turning attractive, time to accumulate midcaps: Neeraj Dewan
Market Expert Neeraj Dewan advises a cautious approach, emphasizing selective midcaps and certain largecap stocks with attractive valuations. Key stocks include Mazagon Dock, Garware Hi-Tech Films, and Surya Roshni due to their growth potential and financial performance.
Swiggy shares on Rs 60,000 crore crash diet. Will investors get a cheat meal soon?
Swiggy's shares have plunged 43% from their peak, amid rising cash burns and fierce competition in the quick commerce segment, along with a slowdown in its core food delivery business. The path to profitability remains unclear, but some analysts see a buying opportunity due to potential long-term growth in both food delivery and quick commerce.
CCI approves Tata Sons' acquisition of 10% stake in Tata Play from Temasek
The Competition Commission of India (CCI) has approved Tata Sons' acquisition of a 10% stake in Tata Play from Baytree Investments, increasing its stake to 70%. Tata Play is also in discussions with Bharti Airtel to merge their DTH businesses. The merger could value the combined entity at approximately ?6,000-7,000 crore, with Airtel projecting a majority stake.
SC issues notice to Pegasus Holdings on SEBI’s appeal over share valuation dispute
The Supreme Court has issued notice to Pegasus Holdings III, LLC in response to SEBI's appeal challenging the SAT's decision that overturned the regulator's order to appoint an independent valuer for Federal Mogul Goetze shares. The case will be heard on April 24.
Which sector will lead the next market rally? Jyotivardhan Jaipuria answers
Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, is more optimistic about the market after the correction. He believes valuations are now reasonable. He sees potential in sectors like banks, pharma, white goods, travel, and auto ancillaries. Jaipuria anticipates an 8% earnings growth in the March quarter and 11-12% next year.
Big tech stocks at cheapest in months
The price that investors are paying for anticipated earnings from the Magnificent Seven companies hit the lowest level since September this week as the broader S&P 500 dropped 10% from its recent peak.
Payments firm Klarna files for $1 billion IPO, targets $15 billion valuation
Klarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of $244 million on revenue of $2.28 billion a year earlier, according to its filing Friday.
Struggling to choose between RIL and Airtel? Hemang Jani explains how to approach both
Elon Musk's SpaceX plans to enter India's telecom sector with Starlink, intensifying competition between Bharti Airtel and Reliance. Market expert Hemang Jani suggests Reliance offers better value, while Bharti remains resilient but largely priced in. Investors must weigh risk and reward.
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