Mahindra Lifespace posts Q2 profit at Rs 47.91 cr
Mahindra Lifespace Developers Ltd reported a consolidated net profit of Rs 47.91 crore for the second quarter of the current fiscal year, a significant turnaround from a net loss of Rs 14.01 crore in the same period last year. The company’s total income also surged to Rs 33.06 crore. Its development footprint includes 53.
Concurrent Gainers: 10 BSE500 stocks that gain for 5 days in a row
Despite the overall market weakness, 10 stocks from the BSE500 index managed to post gains in each of the five sessions.
Honasa went up, Lenskart could go anywhere : Deepak Shenoy says amid recent IPO buzz
Lenskart’s IPO is generating significant discussion. Deepak Shenoy, CEO of Capitalmind Asset Management, noted the drama and unpredictability of IPO markets, drawing parallels to Honasa’s IPO. Lenskart’s valuation has raised eyebrows, with some fund houses clarifying their investment decisions. The eyewear retailer’s IPO opened for subscription recently.
Indian fintech firm Pine Labs pares IPO set to launch on November 7
Pine Labs, an Indian fintech company, has reduced its initial public offering size. Existing investors will sell fewer shares, and the company will raise less new capital. The IPO is scheduled for November 7 to November 11. This move comes as India sees a busy primary market with several other tech firms also planning listings.
We like their business even if valuations are expensive: DSP Mutual Fund clarifies on investment in Lenskart IPO
DSP Mutual Fund clarified its investment in the Lenskart IPO amid investor concerns over valuations. The fund house stated it invests only with conviction across business strength, promoters, execution, and valuations. While acknowledging Lenskart’s strong fundamentals, DSP admitted retail and e-commerce valuations are currently high, explaining they trimmed other positions to accommodate this investment.
‘Dumb money is chasing dumb IPOs’: Shankar Sharma on India’s public markets amid Lenskart buzz
Veteran investor Shankar Sharma slams India’s IPO market as the “dumbest in history,” citing Lenskart’s pre-IPO activity. He alleges a “beautiful little game” where anchor investors create artificial legitimacy, leading to inflated valuations. Sharma claims companies exploit retail investors’ anchoring bias, causing stocks to collapse post-listing, only for investors to be trapped again.
Bitcoin breaks October streak with first monthly loss since 2018
Bitcoin is on track for its first monthly loss in October since 2018, ending a seven-year streak of gains. The digital asset is set for a nearly 5% decline this month, struggling amid broader market jitters and investor uncertainty about global monetary policy. Despite this dip, Bitcoin remains up over 16% year-to-date.
Coinbase holds edge in US crypto race even as rivals’ public listings reshape landscape
Coinbase’s strong earnings are being overshadowed by increasing competition as regulatory clarity boosts the crypto market. New players like Gemini and Bullish have gone public, while Kraken prepares to list. Despite its first-mover advantage and institutional trust, Coinbase faces pressure on its premium pricing and retail outlook. The company is actively acquiring to maintain its […]
FIIs boost holdings in state-run banks in the September quarter. Is the smart money betting on a breakout?
Foreign investors are boosting their holdings in Indian public sector banks. This move signals growing confidence ahead of potential government policy changes. An increase in foreign ownership limits could unlock significant capital. Analysts see this as a positive development for the banking sector. The September quarter data shows a clear trend of renewed FII interest […]
Targeting Rs 2 crore in 15 years? Here’s how tweaking mutual fund SIP can get you there
An investor aiming for a Rs 2 crore corpus in 15 years has a strong mutual fund SIP portfolio. While his current Rs 40,000 monthly investment shows promise, expert advice suggests minor tweaks to asset allocation for better diversification and risk management. Increasing SIPs annually or adding lump sums can help bridge the gap to […]