IPO
Harsha Engineers IPO opens today. Should you subscribe?
Most analysts are positive about the issue thanks to the diverse product portfolio and strong expertise of Harsha Engineers. They advise investors to apply for the IPO.
MARKETS
After a month of bullishness, mutual fund managers divided on Zomato stock again
Analysts have also shown their willingness to recommend the stock to their clients. Some – including Kotak Securities and Jefferies – have even upgraded the stock target price in recent months.
MARKETS
PMS report card: Unconventional funds take top spots, star fund managers shine as well
Hem Securities’ India Rising SME Stars, which invests in SME and smallcap stocks, was the best performing fund, delivering 19.48 percent returns. Launched in February this year, the fund has returned about 25 percent
BUSINESS
Morgan Stanley rerates banking sector, sees 41% upside in select stocks
What has surprised some money managers is that the credit growth has jumped in India when global issues have resurfaced, and a global economic slowdown looks imminent. That means, Indian lenders are bucking the global trend.
BUSINESS
Kotak sees chinks in ‘Indian market is decoupled’ theory amid subpar economic recovery
Kotak Institutional Equities believes the theory is far from the truth and investors like what they see or only see what they like
BUSINESS
L&T, financials charm analysts; FMCG, tech stocks fall from grace
Since mid-June, L&T has rallied 31 percent. The company is one of the biggest beneficiaries of the government's thrust on improving public infrastructure in the country.
BUSINESS
Taking stock: Sensex, Nifty end a tad lower as global weakness seeps in
The Nifty metal index rose 1.32 percent. Buying also continued in PSU bank, realty and pharma stocks
BUSINESS
DreamFolks Services has a dreamy debut but analysts urge investors to wake up and walk out
Amarjeet Maurya, assistant vice president of mid caps at Angel One, who had a ‘subscribe’ rating ahead of the IPO, said the stock is now trading at 150.46x FY22 price to earnings (PE) which leaves little room for upside. He added that investors who got shares should book profits now.
MARKETS
Taking Stock | Sensex up 443 points, Nifty above 17,600; metal, banking names gain
Hindalco Industries, JSW Steel, ITC, NTPC and Sun Pharma were among the biggest Nifty gainers. Bajaj Auto, Nestle India, Britannia Industries and Apollo Hospitals lost the most among Nifty names
IPO
As Tamilnad Mercantile Bank IPO opens today, should you subscribe?
Most analysts said retail investors should apply for the IPO citing consistent financial performance and healthy asset quality. At the same time, a few are cautious in the short term as they see a couple of risks.
MARKETS
Lot of capital chasing India right now—retail as well as foreign: Nithin Kamath
The founder of the largest broking firm in India thinks India will outperform other countries but added he could not predict what direction the market will take
MUTUAL-FUNDS
Getting AMC licence in India hard, will launch MF schemes within 3 months of final approval: Nithin Kamath
Kamath reiterates he will only launch passive funds, which are characterised by low cost for investors and track an index to generate in-line returns. There is no plan to launch active funds, Zerodha CEO has said
BUSINESS
Parting note | The laurels, laments, and learnings of Prashant Jain's career
The performance of Jain and others is consistent with the Pareto Principle, which says that typically, 20 percent of the effort gives 80 percent of the results and vice versa
BUSINESS
Parting Note | Best is yet to come in PSU stocks, says Prashant Jain
Some of the PSU stocks, especially from the defence space – Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics – have gained 80-120 percent in the last one year. The rally has also spilled over into PSU banks and energy names.
BUSINESS
Chris Wood says India best structural story in Asia; surprised by market resilience
The Nifty Index has rebounded by 16.5 percent since mid-June, while the MSCI India Index has outperformed the MSCI AC Asia Pacific ex-Japan Index by 16.5 percent since late June, noted Wood.
BUSINESS
Auto sector earnings upgraded as headwinds recede; what should you buy?
Semiconductor supplies have returned to normal and prices of key raw materials like metals are off 30-40 percent from their recent highs, relieving margin pressure on auto companies.
MARKETS
PMS funds run by Prashant Khemka, Mukherjea get most inflows in past year
Investors seem to have rewarded better-performing funds. Assets managed by Molecule Ventures’ Growth Portfolio jumped to Rs 144.58 crore from Rs 8.25 crore in July 2021 after returning 21.4 percent returns in the period and getting Rs 105.33 crore from investors
MARKETS
Why Kotak is nervous about GAIL India, when others believe it's top pick in gas space
Kotak Securities has set the lowest target price of Rs 115 for the stock in the Street. It has recommend to sell the stock as it believes that the scrip may further decline another 13 percent from last closing price.
BUSINESS
NDTV shares hit the roof on Adani deal: Should you buy, sell or hold the stock?
A head of research at a leading Mumbai-based broking firm said the stock could face downward price pressure as the impact of buy on rumours and sell on news kicks in.
BUSINESS
Nifty, Sensex face major headwinds on course to scale new highs in September
A multitude of factors will decide which way the market goes but the rally is slowing down and the equity benchmarks are facing stiff resistance at their present levels
MARKETS
Nomura sees 19% downside in Zomato, initiates coverage with 'reduce' rating
Nomura set the target price at Rs 50, following which the stock fell more than a percent in the morning to trade at Rs 60.75 on BSE
MARKETS
Zooming in on Zomato: MFs set out on a buying binge before stock surges 50%
In hindsight, their decision to buy seems to be correct as the stock price has risen over 50 percent since hitting a low of Rs 41 on July 26.
MARKETS
Even after 110% run in the past year, HAL remains analysts’ favourite PSU pick
India's largest defence PSU's revenue in the June quarter more than doubled to Rs 3,622 crore year on year, while net profit trebled to Rs 620 crore
MARKETS
The 22 stocks that richie rich fund managers can't part with
One of the ways to look for value is finding where successful money managers are investing.
