Posts in category Economic Times
Rating financial instruments not in Sebi ambit? Get RBI’s NOC (06-11-2024)
These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail investors as well as fund houses and portfolio management firms-don’t come under Sebi’s regulatory domain, which is primary regulator for credit rating agencies.
Amid record FPI sales, most large-cap stocks manage to buck bearish trend (06-11-2024)
Historically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA signifies a stock’s trend over the past year. A year has roughly 200 trading sessions.
Acme Solar’s plans promising, but financials not that much (06-11-2024)
It demands a P/E multiple of 24 based on FY24 earnings while its enterprise value works out to be nearly 23 times Ebitda. Adani Green Energy, a larger peer, trades at FY25 expected P/E of 113 and EV/Ebitda of over 34.
Patient investors may subscribe to Swiggy IPO (06-11-2024)
The IPO, which opens Wednesday and closes Friday, has been priced in the band of ₹371-390 per share. The grey market premium – the price in the unofficial market that investors pay for the shares before listing – was at ₹20 for Swiggy on Tuesday, a 5% premium to the upper price band of ₹390.
Adani Energy, Oberoi Realty, BSE could join MSCI Global (06-11-2024)
With foreign institutional investor headroom in HDFC Bank remaining above 20% in the quarter ended September, India’s largest private-sector bank is set to attract an additional $1.8 billion in foreign inflows.
Too early to panic about India, but good to be awake & aware: Brian Friedman (05-11-2024)
When you start to look past the US today, there’s a good argument that the most interesting market is India. Now the question will be the extent of the opportunity and the durability. If supportive policies continue and if corporates can grow their investments, this could be a fundamentally game-changing cycle
Sensex rebounds 694 points with strong buying in metals, banks (05-11-2024)
NSE’s Nifty rose 217.95 points, or 0.91%, to end at 24,213.30. BSE’s Sensex gained 694.39 points, or 0.88%, to close at 79,476.63. The gains were the highest in a day since September 20. The upside was fueled by metal and bank stocks.
Swiggy raises Rs 5,085 crore from anchor investors ahead of IPO opening (05-11-2024)
Swiggy IPO: Food delivery giant Swiggy has raised ₹5,085 crore from anchor investors ahead of its IPO, which opens tomorrow. The company has fixed the price band at ₹371-390 per share. Swiggy plans to use the IPO proceeds for investment in its subsidiary Scootsy, technology, and brand marketing.
RBI steps keep average call rates in check (05-11-2024)
The Reserve Bank of India has been managing surplus liquidity in the banking system. The goal is to align the weighted average call rate with the repo rate of 6.50%. However, rates in the tri-party repo segment have been below the repo rate for four months. The Treps rate was 6.34% in October and 6.42% in September.