ASK Automotive IPO opens. Should you subscribe to the issue?
Analysts are positive on ASK Automotive IPO given the company’s strong growth potential, professional management and competitive advantage. The offer comprises entirely an offer for sale (OFS) of up to 2.95 crore equity shares.
Bulls have upper hand in run-up to India election, history shows
The benchmark NSE Nifty 50 Index has climbed in the six months leading to the vote in each of the past five elections, posting an average 16% return during the period, data compiled by Bloomberg show. Gains in the three months after the polls have averaged more than 3%.
Shein targets up to $90 billion valuation in US IPO
In private trades, Shein’s valuation has dropped below the $66 billion it got in a funding round in May, the people said. Stakes that have recently changed hands in the secondary market valued the company at around $50 billion to $60 billion, the people said.
Hot Stocks: Brokerages on Varun Beverages, Divi’s Laboratories, Nykaa and Bharat Forge
CLSA downgraded Bharat Forge to sell and Morgan Stanley maintained an overweight rating on Nykaa.
Bitcoin’s grip on crypto eases after climb in smaller tokens like XRP
Bitcoin’s share of the $1.38 trillion crypto market is down to about 49% from a peak of 51.5% in October, CoinGecko data shows. Digital-asset investors often view such a drop as a sign of growing risk appetite.
Big movers on D-Street: What should investors do with IndiGo, Nykaa and JK Cement?
Stocks that were in focus included names like IndiGo, which gained 1.94%, Nykaa, which jumped 5.06%, and JK Cement, whose shares increased 8.67% on Monday.
Under-pressure speciality chemical companies rally on positive MS report
“We believe 2024 will beckon a shift in investment direction away from agrochemicals. Incumbents will explore new products and markets as the industry retools beyond crop solutions, including, but not limited to, opportunities within the clean energy ecosystem,” said the brokerage.
All-round show lifts Indian Hotels, enthuses analysts
This optimism on the stock is largely linked to the changing business dynamics in the sector. For the coming quarters, the earnings prospects of India’s hotel industry look quite bright. This is because of favourable demand-supply dynamics. The supply of hotels is expected to be weak while the demand for rooms is likely to improve […]
On offer: Govt mulls some relief on levy of GST on vouchers and gift cards
Some vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services that also include the tax. The proposed clarification is expected to clear the air on the taxability of vouchers and gift cards, suggesting they should not be taxed at […]
Bonds look much more attractive than stocks: Sonal Desai
Maybe if you don’t have a recession, the Fed might cut once a quarter. If they see a recession, they will cut faster, but without a recession, they might cut once a quarter. But I don’t think the Fed will take rates all the way down to 2.5%. There’s no reason to do that.