Is Sebi’s new asset class a game-changer for Indian investors?
Sebi’s new asset class caters to investors with ₹10-50 lakhs, offering complex strategies like long-short equity and inverse ETFs previously limited to wealthier individuals. It aims to fill the gap between mutual funds and high-entry barrier investment options, promising better risk-adjusted returns but also carries higher costs and performance uncertainty.
Piyush Goyal launches district master plan under PM GatiShakti for infra planning in 27 aspirational districts
Commerce Minister Piyush Goyal launched a district master plan for infrastructure planning in 27 aspirational districts under the PM GatiShakti initiative. The plan aims to cover over 750 districts in 18 months. Guidelines for preparing logistics plans were also introduced. The GIS-enabled platform is developed by BISAG-N and will enhance data-backed decision-making.
Trade deal with India remains ‘priority’, says UK business minister
UK Business and Trade Secretary Jonathan Reynolds emphasizes the priority of a trade deal with India at the International Investment Summit in London. The UK is negotiating a Free Trade Agreement with India, aiming to enhance the GBP 38-billion annual bilateral trade partnership while fostering significant economic growth and job creation across the country.
Iron & Steel, Housing Finance, and PSU Banks among most undervalued PSU sectors: Value Stocks
Value Stocks research found that 16 out of 26 PSU subgroups are undervalued. Iron & Steel, Housing Finance, and PSU Banks are highlighted as undervalued sectors with attractive investment opportunities.
PMS Tracker: HNIs manage to eke out double-digit returns in 2 funds
In September, at least two PMS schemes significantly outperformed benchmarks, achieving double-digit returns of up to 12%. According to data from PMS Bazaar, Pace Financial’s Tresor SKG India Value Fund was the top performer, delivering a monthly return of 12%, followed by Molecule Ventures’ Quant Fund with a return of 10.28%. Other notable winners included […]
Should investors bet on ICICI Bank stock? Vinay Rajani answers
I would suggest that one should stay away from the trading as far as auto sector is concerned. There are opportunities in the other sectors and that needs to be tracked. But as of now, we see auto index is likely to remain in the consolidation.
Pricing picking up gradually; Q3 is a seasonally strong quarter: HCL Tech Management
HCL Tech CEO C Vijayakumar highlights strong business growth with a good mix of large and small deals, driven by GenAI components and software innovation. Despite some macro challenges, discretionary spending is increasing across sectors. CFO Shiv Walia assures steady demand, pricing, and margin outlook, with significant contributions from the software business and financial services.
Which FMCG counters can throw up positive surprises in earnings? Amnish Aggarwal explains
Amnish Aggarwal shares his cautious outlook on FMCG stocks, highlighting recent re-ratings and potential bottom-fishing post-results. He discusses the prospects of the Hyundai IPO, the competitiveness of Ola Electric in the EV market, and compares the potential growth of Maruti and Hyundai in India’s auto sector. Investors are advised to stay vigilant.
Hyundai IPO valuation: How it stacks against rivals Maruti Suzuki, M&M and Tata Motors
Hyundai Motor India will launch a Rs 27,870 crore IPO, expected to trade at 26X FY2024 earnings. Brokers have mixed views on its valuation. Some see it as high with limited short-term gains, while others find it fair compared to rivals Maruti Suzuki and Tata Motors. The listing is on October 22.
HCL Tech shares jump 1% as Q2 profit jumps 10.5% YoY. Brokerage firms raise target prices
HCL Technologies shares climb 1.3% after reporting a 10.5% increase in Q2 net profit to Rs 4,235 crore, with revenue up by 8.2% to Rs 28,862 crore. Brokerages raise target prices, expecting sustained growth driven by solid deal pipelines and strategic focus on Data & AI, Digital Engineering, and SAP migration.