BUSINESS
Little giants growing an ugly head? Mapping the exuberance in the SME segment
The BSE SME IPO index – a representative index of SME stocks having over 60 constituents stocks as of now – has delivered a whopping 10,350 percent returns in the last 10 years
BUSINESS
Taking Stock: Sensex extends losing run to 4th day, Nifty slides below 19,700
JPMorgan, earlier in the day, announced India's inclusion in its Government Bond Index-Emerging Markets (GBI-EM) global index suite with effect from June 2024. This is likely to bring huge amount of liquidity in the Indian market
BUSINESS
Zaggle Prepaid Ocean Services IPO expected to see tepid listing on bourses
As per dealers active in the unlisted market, Zaggle Prepaid Ocean Services commanded a grey market premium (GMP) of Rs 14 against issue price of 164, meaning a premium of about 9 percent.
BUSINESS
Loss-making Samhi Hotels to see lukewarm listing on bourses, say analysts
The grey market premium (GMP) that Samhi Hotels commands is between 3-6 percent over the issue price of Rs 126, dealers active in the unlisted market said. This indicates that investors should not expect a bumper gains on the first date
BUSINESS
Saurabh Mukherjea-led Marcellus adds Trent, Rainbow Children’s Medicare to its portfolios
Consistent Compounders is the flagship portfolio that invests primarily in largecap stocks that have high cashflow. Little Champs portfolio invests primarily in smallcap stocks.
BUSINESS
Taking Stock: Hawkish Fed commentary pushes Sensex down for 3rd day, Nifty below 19,750
Continued selling by foreign institutional investors (FII) and elevated crude oil prices remained a concern. Weakness in global markets also hit the mood back on Dalal Street
BUSINESS
EMS IPO likely to see strong start on bourses despite weakness in market
According to its IPO draft, as on July 31, 2023, the company was operating and maintaining 18 projects including Wastewater Scheme Projects (WWSPs), Water Supply Scheme Projects (WSSPs), Sewage Treatment Plants (STPs) and Hybrid Annuity Model (HAM) aggregating Rs 1,744.9 crore and 5 O&M projects aggregating Rs 99.3 crore.
BUSINESS
Brace for more outflow of foreign funds this week, but market strong enough to rebound
During the week gone by FIIs withdrew a net Rs 565.48 crore even as the market was buoyant. This figure includes bulk deals and investment through the primary market. Sensex and Nifty appreciated by about 2 percent during the week.
BUSINESS
Sensex on a record rally since 2007, mops up Rs 14 lakh cr in just 11 sessions
The week gone by was characterised by not just a strong set of business updates from India Inc., but also rising optimism over global cues. Inflation dipped slightly and analysts are now seeing silver lining in even deficiency in the monsoon.
BUSINESS
Contra view: Pharma overvalued sector now, says Dharmesh Kant
Kant also sounded caution on the banking sector, where he sees an uptick in bad loans as the below-par monsoon hit rural incomes. Low corporate demand is also hurting their financials.
BUSINESS
What is common among Jesse Livermore, Benjamin Graham and Howard Marks
These three are renowned for what they have achieved. Three different kinds of personalities active in the securities market in different eras. But, one realisation, which links them, has made all the difference.
BUSINESS
India's 'Bits' & 'Atoms': Who is winning the race?
Collectively, Bits of India Inc. seems to have raced ahead of Atoms in terms of sales growth. However, in terms of stock market returns, investors have been disappointed.
BUSINESS
Nifty @ 20k: Top 10 companies estimated to show highest EPS growth in FY24-25
In the last leg of the market rally, sectors such as banks, real estate, auto, consumer staples and infrastructure have delivered superior earnings growth. In FY23, Nifty earnings grew 16 percent over the previous fiscal year.
BUSINESS
F&O Manual: Sideways movement tests patience of traders; support seen around 19,500
Sameet Chavan, Head Research, Technical and Derivatives, Angel One, said the overall market breadth remained buoyant but with a narrow difference, signifying a sense of timidity as Nifty inched towards the crucial hurdle zone.
BUSINESS
F&O Manual | Bulls on the charge, but supply pressure likely; Nifty may find support at 19,500
Sameet Chavan, Head Research, Technical and Derivatives, Angel One, said, the market has shown its intent and it would be just a matter of time before the benchmark would come out from the broader consolidation zone to regain a strong momentum.
BUSINESS
Vishnu Prakash R Punglia offers bumper listing gains: What should you do now?
Some analysts contend that after hefty gains, valuations have caught up. Though others counter that the industry in which the company operates has strong growth potential and hence the stock makes sense for a long term investment.
BUSINESS
Ratnaveer Precision Engineering IPO fully subscribed within an hour. Should you apply?
Ratnaveer Precision Engineering IPO: The Gujarat-based company is looking to raise Rs 165.03 crore. The IPO comprises fresh issue of 1.38 crore equity shares, amounting to Rs 135.24 crore, and an offer-for-sale of 30.4 lakh shares
BUSINESS
Aeroflex Industries sees selling pressure after bumper listing; here’s what analysts say
Despite expensive valuations at the higher end, the offer got stellar demand for its unique eco-friendly product which is said to be an alternative to rubber based hoses and business demand for both international and domestic markets which justifies the premium listing.
BUSINESS
Why Mukesh Ambani is betting on Reliance Retail to spearhead RIL’s future growth
RIL is banking on India’s per capita growth to lead its retail business’ explosive growth. India’s per capita income will likely hit $10,000 by 2050, going by the trend in the last 10 years. Ambani expects its retail business to ride this growth.
BUSINESS
With singular focus on margins, IPO-bound EMS has a different outlook
This 13-year old company does not want to become too big, lest it has to dilute margins. It plans to raise Rs 320 crore in the second week of September
BUSINESS
Another Big Short? Michael Burry’s new bet may not be a big worry for India
In a regulatory filing, Burry's Scion Asset Management revealed last week that it bought put options for the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1 ETF, which track respectively the S&P 500 and Nasdaq-100 indices. Scion's bet is worth a total $1.6 billion.
BUSINESS
Aeroflex Industries IPO opens for booking. Should you subscribe to the issue?
The company is valued at a PE multiple of 46.3x based on its FY23 earnings at the upper price band on post-issue capital. The company doesn’t have any listed peers in India, making it difficult to gauge its performance and valuation.
BUSINESS
India’s 401K moment: How domestic equity can counter FII selling and contribute to positive flows
Just as the 401(k) retirement plan lifted the US stock markets in the 1980s, India’s EPFO has the potential to boost local stocks by increasing its investments in equity
BUSINESS
Euphoria? A Rs 9 crore SME IPO gets bids worth over Rs 2,700 crore
The Hyderabad-based, four-year old spice maker has sizzled Dalal Street.
