Helios is avoiding auto and consumer stocks for now; Dinshaw Irani explains why
Helios Mutual Fund’s CEO, Dinshaw Irani, expresses a negative outlook on the auto sector, particularly PVs, citing EV competition and potential tariff implications from trade agreements. While favoring new-generation EV two-wheeler players, he remains cautious about stretched valuations in consumer staples and QSRs. Irani maintains a positive view on BFSI, hospitals, and tourism sectors, supported […]
Despite RBI’s rate cuts, Indian G-Sec yields remain range-bound due to US yield pressures, says Rajkumar Subramanian
Despite rate cuts by the Reserve Bank of India, Indian government bond yields show stability. The corporate bond market sees substantial growth but limited depth. Corporate bond issuances surge due to lower rates and strong corporate intent. The U.S. debt situation influences global bond markets. Reforms are essential to deepen India’s corporate bond market further.
Fund Manager Talk | Why Multi-asset funds are a smart choice in current market environment
SAMCO Mutual Fund’s CEO, Viraj Gandhi, suggests multi-asset funds for navigating volatile markets, emphasizing diversification across equities, debt, and gold. While Nifty valuations are slightly premium, strong earnings growth is awaited. Financial services, pharmaceuticals, and healthcare sectors show promise, but geopolitical risks remain a concern for investors.
Ashish Kacholia-backed Shree Refrigerations IPO opens with 64% GMP. Check all details
Shree Refrigerations is launching its IPO on Friday. The IPO size is Rs 117.32 crore. Ashish Kacholia and other marquee investors are backing the company. The IPO includes a fresh issue and an offer for sale. The company will use the funds for working capital. Shree Refrigerations specializes in HVAC and refrigeration systems.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 24, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Ashish Kacholia invested in this SME IPO that has 42% GMP. Check all details
Ahmedabad-based Patel Chem Specialities launched its Rs 58.80 crore IPO today, priced at Rs 82–84 per share. The IPO, entirely a fresh issue, closes on July 29 and plans to list on BSE SME on August 1. Ashish Kacholia, along with other investors, participated in the anchor book, raising Rs 16.69 crore.
Asian stocks snap six days of gains, bonds steady
Asian stocks experienced a downturn, ending a prolonged winning streak due to uncertainty surrounding potential Federal Reserve interest-rate cuts. Despite the S&P 500 reaching a new record, driven by tech gains, broader market weakness persisted. Strong jobs data tempered expectations for imminent Fed cuts, influencing investor sentiment and market performance.
Bajaj Finance’s Rajeev Jain given six months to develop succession plan after leadership change
Rajeev Jain of Bajaj Finance is tasked with creating a succession plan. This follows Anup Saha’s exit from a leadership role. The board has given Jain six months for this task. The new Managing Director will be announced by March 2028. The board extensively discussed the matter. Jain shared this update with analysts after the […]
SBI General says it gained private cos’ market share
SBI General Insurance in Mumbai has shown strong performance. The company increased its market share among private insurers to 6.19% in the June quarter. This represents a gain of 78 basis points. Key growth came from health and motor insurance. The insurer’s market share increased by 72 bps and 47 bps in these segments, respectively.
Ajay Seth appointed as IRDAI chairman
Ajay Seth, a 1987-batch IAS officer, has been appointed as the chairman of IRDAI for a three-year term, succeeding Debasish Panda. With over three decades of experience, Seth’s primary focus will be on expanding insurance access and affordability in India. He assumes the role as the insurance sector faces challenges in raising penetration, currently at […]