Budget 2020

Lofty valuations factor in key positives for risk conscious Kotak Bank: Analysts

NEW DELHI: ‘s March quarter earnings missed analysts’ estimates on the profit front led by lower-than-expected growth in net interest income (NII) and higher provisions. Analysts say the private lender has been risk conscious for a while, which has taken a toll on its growth. Analysts believe the stock will closely track growth momentum, which […]

News Headlines

Yesterday once more? Market has a stock of worry

This time, Fed officials could be careful to avoid a ‘tantrum’, but it would be a different matter if the pressure emanates from the markets. That does not augur well for overbought EMs, especially when the dollar is oversold. Synopsis The evident mistrust isn’t restricted to whether the Sensex deserves to be where it is. […]

Budget 2020

Record valuations raise alarm in India’s frenzied stock market

Analysts are cautioning against the blistering rally in India’s stock market as the country braces for its biggest annual economic contraction on record. Overly optimistic earnings estimates and a reduction in liquidity pose the biggest threats to the scorching pace of gains, strategists from Nomura Holdings Inc. to Union Asset Management Co. warned. The S&P […]

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Indigo paints aggressively priced, but company holds long-term potential

In continuation of the trend of high-priced IPOs in a liquid bull market, Indigo’s IPO too is aggressively priced at 105 times of its estimated profits and over 11 times the estimated sales of FY21. Synopsis Pune-based Indigo Paints is the fifth largest company in the fairly consolidated decorative paints industry. Its initial public offer […]

Budget 2020

As FIIs send stocks to dizzying valuations, local investors book profits in equity MFs for sixth straight month

It was Christmas time, and Santa seemed rather generous this year – to stockholders. As foreign funds kept pouring into India, sending stocks to dizzying valuations, local investors decided to book some profits. So, they told equity mutual funds worth Rs 10,147 crore in December. This figure is lower than November’ s Rs 12,919 crore […]

Budget 2020

Jim Rogers warns of a bubble building in stock valuations

The only cheap asset class is commodities. But stocks can go up too, says Jim Rogers, Author, Street Smarts: Adventures On the Road And In the Markets. Everyone got it wrong in 2020. What is in store for 2021?Who cares about 2020? We must care about 2021 now. I would suspect that in 2021, things […]

Budget 2020

Brokerages raise Wipro price targets after Q2 results

Brokerages raised target price on Wipro after its second-quarter result but most of them have retained ratings equivalent to neutral or sell on the stock as they believe valuations are expensive and growth will lag peers. Wipro on Tuesday posted a 3.2% sequential growth in consolidated profit for the quarter ended September and announced a […]

News Headlines

Low-hanging fruits? Look at these high dividend yield, cash-rich stocks

Six PSU stocks are trading at a PE multiple between 2 and 5 times their trailing 12 months earnings. Synopsis Investors have been selling PSU stocks on concerns that the government may sell stakes in them to fund its growing commitments, and lack of resources to support those commitments. MUMBAI: Looking for value picks? Turn […]