BUSINESS
How bad is too bad? Smallcap carnage wipes out Rs 9 trillion, 50% of loss in market cap
Smallcap stocks had a remarkable run over the past year, outpacing largecaps by a wide margin. From April 1, 2023, to February 19, 2024, the BSE Sensex posted a gain of about 24%, compared to BSE Smallcap's 71%
BUSINESS
99% wipe out guaranteed in the near-term if you invest in this sky-bound stock
Jet Airways has gained 11 percent over the past five trading sessions on the news of the resolution plan being approved
BUSINESS
MF Stress Test: Why it matters and should investors be worried?
Conversations relating to the issue of liquidity in small-cap funds and the rising frenzy in the segment have been a cause of concern for many months with Sebi engaging actively with mutual funds for a suitable solution
BUSINESS
Big daddy of small-cap funds says segment frothy, investors need to have 5-7 year horizon
Sailesh Raj Bhan, CIO of Nippon AMC, which manages the largest small-cap fund with more than Rs 45,000 crore in assets spoke to Moneycontrol about the impact of Sebi advisory and his portfolio strategy
BUSINESS
MC Exclusive: No restriction on flows or portfolio construct for small-cap funds; disclosure on concentration risk mandatory
Sebi has been concerned about the potential impact of sudden redemptions in funds following a change in sentiment or any other factor that could make funds sell their more liquid holdings and saddle remaining unitholders with illiquid stocks.
BUSINESS
Why banking stocks are diverging post RBI’s policy announcement
The technical structure of PSU Banks is stronger than private banks, leading PSU Banks stocks to outperform. However, the weightage of private banks is higher in the Bank Nifty index compared to PSU Banks, causing the Bank Nifty to fall.
BUSINESS
Paytm will continue to see sharp daily volatility; investors divided on ‘value’ in stock
As of December-end, domestic mutual funds held a 6.07 percent stake in Paytm, while FPIs held 63.72 percent. No big blocks have been reported on the exchanges except a Rs 244 crore purchase by Morgan Stanley in a client account.
BUSINESS
Rush for financials: Domestic institutions sit on Rs 1.41-trillion headroom to buy bank stakes
The most recent approval came on February 6 when HDFC group received the RBI nod to acquire up to 9.5 percent in six banks - IndusInd Bank, Yes Bank, Axis Bank, ICICI Bank, Suryoday Small Finance Bank and Bandhan Bank
BUSINESS
Budget 2024 done and dusted. What now?
FM’s reiteration of commitment to focus areas such as rooftop solars, affordable housing, green energy, EV transition, metros, railways did not cause an upswing in these stocks only meant that capex spending has already been priced in.
BUSINESS
Banking sector will grow but you have to figure out where the sunset of the leadership is: Motilal Oswal’s Raamdeo Agrawal
Concerning competition with China, the good thing is that China has no presence in services, while the services sector constitutes 60 percent of the Indian economy, observed Agrawal.
BUSINESS
Today's interim Budget to take centrestage, the one in June to be a non-event: Avendus’ Nandik Mallik
“This time around they have the mandate. In previous instances, like 2019, people didn't have the mandate. So, comparing what people did in the past with the present could be a bit unfair,” he says.
BUSINESS
Capital markets will be the theme for the next 10 years: Raamdeo Agrawal of Motilal Oswal
For the chairman and co-founder of the brokerage house, the only fear is that the market moves parabolically, that is, go up by eight times or 10 times and then drops by 50 percent.
BUSINESS
Exclusive | Nomura’s Sonal Varma expects weaker growth, moderation in inflation in second half of 2024
Nomura expects core inflation to stay below 4 percent in the next 12 months and headline inflation to average around 4.5 percent
BUSINESS
Can’t take equity capital flows for granted even if Fed cuts rates: Neelkanth Mishra
Neelkanth Mishra, chief economist at Axis Bank, believes that India should not take foreign investors trivially, just because domestic flows have been robust. Foreign funds own about 18 percent of the BSE 500, and they account for about 35 percent of the free float.
BUSINESS
This PMS manager has contra view on market: Siddhartha Bhaiya reveals Aequitas’ best and worst bets
Siddhartha Bhaiya reveals his investing thesis, secret sauce, best and worst bets, and much more in an all-encompassing interview with Moneycontrol.
BUSINESS
7 tips for 2024: How to maximise gains from IPO listings
Advice for investors: Looking to make a quick buck from new listings is not a bad idea, but all public issues do not qualify for this strategy. This strategy works when market momentum is very strong and the general narrative around the company is also positive
BUSINESS
Fed’s change in stance will trigger a solid rally in largecaps: Saurabh Mukherjea
The Marcellus Investment Managers founder and CIO says all that the return of the foreign investment will do is bring some semblance of normality to the performance of largecap stocks relative to smallcaps
BUSINESS
Fed's stance change to boost flows, smallcaps remain attractive: Shankar Sharma
Ace investor Shankar Sharma says the Fed's path to easy monetary policy in 2024 will trigger more foreign inflows
BUSINESS
Price-to-story: Undervalued or overvalued? What prices reveal about a stocks' future growth
Looking at the implied earnings growth in the Nifty 50 index, stocks seem to be skewed towards overvaluation. About two-third of the stocks in the 50 Nifty basket are implying a growth rate of above 12 percent, the nominal GDP growth India is capable of with a real GDP growth of 8 percent and 4 percent inflation target
BUSINESS
Chinese dumping affects many sectors but policy response slowest in specialty chemicals. Saurabh Mukherjea decodes
Dumping adversely affects domestic producers in the target country and the government has been taking steps to check the imports of Chinese goods. However there seems to be a degree of variation in policy responses, says the founder of Marcellus Investment Managers
BUSINESS
India’s bull market is underpinned, it could be a 40-year story: Ridham Desai
What underpins our economy is demographics, a force that's very difficult to counter, says Ridham Desai, managing director, Morgan Stanley India
BUSINESS
Nifty at 21k: Earnings growth can overshoot on the upside, not fully priced in by market, says Ridham Desai
Over the next four year, earnings growth can exceed 20 percent on an annualised basis, Morgan Stanley’s managing director and head of research has said
BUSINESS
Morgan Stanley's Ridham Desai shares how market prices in 'continuity' ahead of polls
The outcome of the general elections next year will be a key event risk for India as the bullish narrative surrounding India’s growth is seen as an outcome of the current administration’s ability to push ahead with the policies, initiatives to propel growth
BUSINESS
Ridham Desai lists 6 most important things to watch out for in the new year
In an exclusive interview to Moneycontrol, the Morgan Stanley managing director says interest rates in India are unlikely to be cut until the Federal Reserve begins reducing them. If the US economy lands soft, it will be good for India, he adds
