Indian stocks are presenting new opportunities as valuations have corrected significantly. Sahil Kapoor of DSP Mutual Fund highlights that while earnings growth is moderate, lower stock prices offer a chance for long-term investors. Financials, especially private banks, and select IT companies are seen as attractive. The market is becoming more constructive for global investors.
Accel-backed Rentomojo files for India IPO
Online furniture rental platform Rentomojo has filed for an initial public offering in Mumbai, according to a draft prospectus dated Friday.