"The probability of this business going bankrupt in a decade is 99%," said Hamish Douglass, co-founder of the Magellan Financial Group.
Reports have compared price to earnings (PE) ratio of various countries to arrive at the conclusion that India is one of costliest markets in the world.
Stock selection has become all the more critical as the euphoria in the space has pushed up valuations of many of them above their historic averages.
Snapdeal's investor Softbank is keen to have the struggling e-tailer merge with Flipkart in a move that will result in a significant consolidation benefitting an industry struggling with losses and tough competition.
Fund managers with good track record have been quietly trimming their exposure to stocks as markets run up.
Going by the deal value of Rs 3874 crore for the 4.9 percent stake from Vodafone to Idea, the combined entity will have market capitalisation of Rs 79,061 crore.
Both companies are said to be negotiating pricing. Idea promoter is looking at a price above last QIP price of Rs 134 per share.
From an economy, stock market and corporate perspective, it is not the headline grabbing reforms that matter anymore. Rather it is the execution of some of the key reforms already underway--mainly GST-- that will make all the difference
We have made consistently good money over the past whenever we have capitalised on events â€“ be it Brexit, Trump election, demonetisation etc,
Regulatory filings with the US Securities and Exchange Commission (SEC) show that Optimum Fund has valued its holding in Flipkart at USD 93.15 in December 2016 quarter at a USD 10.4 billion valuation.
Hinduja Group-controlled IndusInd Bank, which was exploring the option of acquiring a stake in Bharat Financials, and subsequently a merger, has called of the deal due to valuation concerns, say sources.
India‘s largest online market place, Flipkart, is in plans to increase the size of its funding round and is now seeking to raise up to USD 1.5 billion from investors including Microsoft Corp., eBay Inc., PayPal Holdings Inc. and Tencent Holdings Ltd, reports Mint.
With valuations of mid cap companies inching closer to its all time high, Axis Mutual Fund is worried about sky high valuations and following a cautious in picking up the stocks in the underlined space, said Jinesh Gopani, Head-Equities, Axis Mutual Fund
The sharp run up in mid-cap stocks has made them relatively costlier as compared to the broad index. Based on valuations the BSE MidCap Index is trading at a historic price-to-earnings (PE) of 37.69 times, which is higher than that of Sensex that trades at 21.76 times.
The markdown would indicate that Ola's overall valuation is close to USD 3 billion, down from the peak of USD 5 billion, according to a report in Mint.
Retail investors with slightly higher risk-appetite can consider investing in the offer as the track record of the ETF has been good and it holds promise of good returns in future.
Shares of Jubilant Life Sciences today ended with over 12 percent gains, adding Rs 1,224.82 crore to its market valuation, after the company said its subsidiary has signed long-term contracts in the US for supply of some of its diagnostic and therapeutic products.
The strong fundamentals and low valuation does not justify selling by key investors in NSE only months before the IPO
Startups that have received the tax demand will have to cough up 33 percent tax on the premium by March 31 or challenge the order in the court of law.
Shares of IT firm NIIT Technologies today slumped 6.5 per cent after the company posted a 9 percent decline in consolidated net profit for the quarter ended September 30, 2016.
In an interview with CNBC-TV18, Rahul Singh, Managing Partner, Ampersand Capital, talked about why he thinks the markets may trend sideways for a few months going forward and his expectations from the earnings season.
State Bank of India is looking to sell 5 percent stake in its life insurance arm SBI Life. The country's largest bank owns 74 percent in SBI Life while its foreign partner BNP Paribas owns 26 percent.
According to a report in Mint Tuesday, the IPO that values the exchange at roughly Rs 45,000 crore is likely to create more value after its listing which might prompt existing investors to sell only part of their stake now.
In an interview with CNBC-TV18, Sanjay Mookim of Bank of America-Merrill Lynch said the share rally recently seen was mostly driven by liquidity sloshing around globally and that with valuations becoming pricey, investors should adopt a more cautious tone.
In an interview with CNBC-TV18, Pankaj Tibrewal, Fund Manager with Kotak Asset Management Company, explained why it makes sense to invest in companies that benefit from rise in discretionary and government spending, and said that sound stocks should be held in spite of seemingly rich valuations.