Ashwini Agarwal on why Buffett Indicator of market cap to GDP may not apply to India
“We are pretty much at a peak but this market cap to GDP is a misnomer in my view because large parts of the GDP are not listed. So, how do you correlate market cap to GDP? Our agriculture, which is a large part of the GDP, does not trade ; a large part of […]
GDP surprises at 7.6% for Q2, experts expect higher FY24 growth
“Given the higher than forecast outcome for Q2, we are revising our FY2024 growth forecast to 6.2% from 6.0%,” said Aditi Nayar, chief economist, Icra. The growth in the second quarter is just a shade below the 7.8% growth registered in the first quarter and way higher than the 6.2% growth witnessed in Q2FY23. The […]
Tech View: Nifty bulls await triggers for a fresh peak. What traders should do on Friday
OI Data showed that on the call side, the highest OI was observed at 20,400 followed by 20,300 strike prices while on the put side, the highest OI was at 20,000 strike price.
Buffettology! These 7 Indian stocks echo Warren Buffett’s funda of investing
CEO of Berkshire Hathaway and current primary shareholder, Warren Buffett is one of the most successful investors of all time. Buffett is noted as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects. Based on the idea of Warren Buffett, a custom screen made […]
Tata Tech IPO investors make 180% return on Day 1. Should you buy, sell or hold?
At a 140% premium over the issue price of Rs 500, Tata Technologies’ listing price of Rs 1,200 beat Street’s estimates. While the stock was expected to double on the listing, it went far beyond, hitting the day’s high of Rs 1,400 on the NSE or a 180% uptick over the upper IPO price band.
Chart Check: Breakout from Rectangle pattern makes DCM Shriram Industries an attractive buy
Short-term traders can look to buy the stock on dips for a possible target of Rs 195 in the next 1-2 months, suggest experts.
Solid Start! Gandhar Oil shares list at 76% premium over IPO price
Gandhar Oil received a better-than-expected subscription demand at 64x for its IPO, mainly on the back of reasonable valuations. The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white […]
Tata Technologies valued at nearly $7 billion after 180% surge in debut trade
The Tata Motors’ unit, which provides engineering and technology services to auto, aero and heavy machinery makers, surged past the initial public offer (IPO) price of 500 rupees to debut at 1,200 rupees and rose to as much as 1,400 rupees.
Gold bond shines with 128% tax-free return in 8 years but a jeweller wins hands down
But equity bulls betting on a gold jeweller, with over 844 branches at last count, have managed to outshine even the yellow metal with a fascinating 801% return.
Fedbank Financial stock lists at 2% discount over issue price
Fedbank Financial is one among five private bank-promoted NBFCs in India, focusing on catering to the MSMEs and the emerging self-employed individuals sector. It is the fastest growing gold loan NBFC in India among its peers and has the second lowest cost of borrowing among the MSMEs, gold loan peer set in India in FY23.