A high EV to MCAP ratio suggests increased financial risk. Five Nifty 500 companies have a high EV to MCAP ratio, indicating potential financial risks and valuation concerns.
Posts in category Economic Times
Amicus Capital invests Rs 125 crore in Equirus Group for growth and tech upgrades (11-10-2024)
Amicus Capital and other investors have invested Rs 125 crore in Equirus Group. Federal Bank partially exited, and several individual shareholders also sold their stakes. The investment aims to modernize Equirus’ technology and expand its business in various financial services like investment banking, wealth management, and insurance broking.
Cummins India shares fall 5.28 per cent in Friday’s trading session (11-10-2024)
The Relative Strength Index of the stock stood at 40.8 on Friday.
Why Hyundai India’s GMP crashed 76% even as market awaits India’s biggest IPO (11-10-2024)
The GMP for Hyundai India is declining ahead of the IPO opening next week, with shares currently commanding a GMP of approximately Rs 139, reflecting a marginal premium of 7% over the issue price. The IPO consists of a complete OFS of 14.2 crore shares by the Korean parent company, priced between Rs 1,865 and Rs 1,960. At the upper end of this range, Hyundai India is valued at Rs 1.6 lakh crore.
Share price of HDFC AMC jumps as Sensex drops 220.43 points (11-10-2024)
A total of 4,421 shares changed hands on the counter till 02:04PM (IST)
Chola Inv Finance shares down 2.32% as Nifty drops (11-10-2024)
A total of 11,642 shares changed hands on the counter till 01:59PM (IST).
Just Dial Q2 Results: Net profit zooms 114% YoY to Rs 154 crore, revenue up 9% (11-10-2024)
The company’s net revenue from operations for the reported quarter was ₹285 crore, reflecting a 9% increase from ₹261 crore in the same quarter of the previous financial year.
Siemens share price up 0.63 per cent (11-10-2024)
A total of 4,269 shares changed hands on the counter till 01:53PM (IST).
Avenue Supermart stock price down 1.3 per cent as Sensex slides (11-10-2024)
As of 30-Jun-2024, promoters held 74.65 per cent stake in the company, while FIIs held 9.22 per cent and domestic institutional investors had 6.81 per cent.
Max Healthcare shares down 1.03% as Sensex falls (11-10-2024)
A total of 3,862 shares changed hands on the counter till 01:43PM (IST)