CIO Rajesh Bhatia of ITI MF sees largecap valuations as reasonable, favoring private banks for their solid business models and predictability. He anticipates growth in financial year 2027, with telecom, insurance, capital goods, and domestic pharma also being attractive in largecaps. Despite market corrections, Bhatia remains bullish on India’s GDP growth and capex-driven opportunities.
Posts in category Economic Times
Bajaj Holdings share price 0.59 per cent (31-10-2024)
A total of 124 shares changed hands on the counter till 12:27PM (IST).
United Spirits share price 0.63 per cent (31-10-2024)
A total of 2,391 shares changed hands on the counter till 12:17PM (IST).
SRF share price 0.93 per cent (31-10-2024)
A total of 1,247 shares changed hands on the counter till 12:10PM (IST).
Share price of DLF as Nifty (31-10-2024)
A total of 35,681 shares changed hands on the counter till 12:01PM (IST).
Fallen angels! Emkay identifies 5 stocks that may have overcorrected (31-10-2024)
Significant correction in stocks presents buying opportunities as Nifty index drops 8% from its high. Emkay Global suggests IndusInd Bank, Saregama, Escorts Kubota, Hero MotoCorp, and Mahindra Finance as attractive investments, highlighting their potential for recovery and growth over the next year.
Swiggy IPO gets bids of $15 bln from big investors like Norges, Fidelity, sources say (31-10-2024)
Big investors such as Norges and Fidelity have placed over $15 billion in bids for Swiggy’s upcoming India IPO valued at $1.35 billion. This IPO is set to be one of the country’s biggest stock offerings this year. The company has adjusted its estimated valuation to $11.3 billion after a recent market correction.
Diwali spoiler: Sensex, Nifty ending October month with 4 bad signs (31-10-2024)
October has been the worst month on Dalal Street since 2020, with the Nifty down 6%, driven by high valuations, poor earnings, and record FII outflows surpassing Rs 1 lakh crore. This negative trend is further exacerbated by underperformance compared to other global markets.
Indian Oil Corp. 0.38% as Sensex (31-10-2024)
The stock traded at a P/E multiple of 11.51, while the price-to-book value ratio stood at 1.26.
Ashok Leyland shares 1.04% as Sensex falls (31-10-2024)
A total of 197,115 shares changed hands on the counter till 11:40AM (IST)