Multi-cap strategy key for Samvat 2082 as valuations normalize: ICICI Pru Life CIO
ICICI Prudential Life Insurance’s Gautam Sinha Roy sees normalized valuations and a balanced market setup for Samvat 2082. He advises a multi-cap strategy, combining large-cap stability with selective mid-cap opportunities, to navigate global volatility and capture domestic growth. Investors should focus on fundamentals and maintain a long-term equity bias for sustainable real returns.
Canara Robeco AMC to finalise IPO allotment today. Check status with direct links, GMP and other details
Canara Robeco AMC’s IPO share allotment is expected today following a robust investor response, with the issue set to list on October 16. The IPO was subscribed 9.74 times overall, driven by strong demand from Qualified Institutional Buyers. Investors are keen to check their allocation status online via the registrar or BSE portal.
Mittal Sections IPO: Muted subscription and GMP suggest listing premium may be subdued
Mittal Sections’ Rs 52.9 crore SME IPO has closed with moderate investor interest. The company is set to list on the BSE SME platform on October 14. Retail investors showed strong participation, while other categories were less enthusiastic. The grey market indicates a muted debut. Funds raised will support capacity expansion and working capital.
LG Electronics IPO set for strong opening with 30-35% listing gains
Investors anticipate a robust debut for LG Electronics India’s IPO, which saw overwhelming subscription. Analysts point to attractive valuations, a debt-free status, and strong returns as key drivers. Despite a slight dip in grey market premium due to broader market sentiment, the company’s competitive pricing and solid business outlook suggest significant listing gains, potentially around […]
Tata Capital’s listing adds to trend of tepid debuts among big-ticket IPOs
Tata Capital’s stock began trading on Monday at ₹330, a slight increase from its IPO price. The debut was as anticipated, with analysts suggesting rich valuations limited immediate gains. The company’s market capitalization reached ₹1,40,547.61 crore. Tata Capital’s performance is being compared to industry leaders like Bajaj Finance.
Why are major mutual funds pausing investments in silver ETFs?
Several mutual fund houses have halted fresh lump sum investments in Silver ETF Fund of Funds due to a significant domestic price premium. This measure aims to protect retail investors from buying silver at inflated prices, a situation driven by temporary physical scarcity and surging demand.
Lenskart to launch Rs 8,000-crore IPO in early November
Eyewear retailer Lenskart is preparing to launch its ₹8,000-crore IPO in early November, aiming to capitalize on strong investor interest in large public offerings. The issue will include a fresh issue of ₹2,150 crore and an offer for sale by existing shareholders.
Silver beats gold, scorching Rs 11,000 run up in a day; gold at high of Rs 1.27 lakh
White metal’s trajectory steeper than gold as it zooms 58% over a month, notches up unheard-of single-day rise: Silver prices have reached an unprecedented Rs 1.73 lakh per kg. This surge is driven by strong investor demand and a global shortage of the precious metal. Tight global supplies and expectations of lower interest rates are […]
Can HCLTech sustain its revenue momentum after a strong September quarter?
HCLTech’s September quarter revenue grew better than anticipated, marking a return to sequential growth. Profit growth met expectations. The company is focusing on AI services and intellectual property. New deal wins showed strong momentum, particularly in smaller contracts. Headcount increased, and attrition softened. Salary increments in October may impact future margins.