Lancer Containers (09-10-2024)
Any guess on what could be the right price?? Near term looks glim but 2 years down the line seems great.
UBS buys 81 lakh shares of IDFC for Rs 88 crore via block deal ahead of stock’s suspension from Thursday (09-10-2024)
UBS bought 81 lakh shares in IDFC Limited for Rs 88 crore. IDFC Limited will be suspended from trading on Thursday, the record date for its merger with IDFC First Bank. Post-merger, IDFC First Bank’s weightage in Bank Nifty will increase, attracting $39 million in passive funds.
The SME portfolio (09-10-2024)
In theory it is quite possible but you should consider the markets we are in and the valuations.
The valuations have low chances of getting more expensive than current rates (not considering results).
Also the companies who have high chances of posting remarkable growth, market is already discounting it at forward results (6 months to even 3 years)
So the window is very scarce in the SME segment at the moment. (Do note that few genuine SMEs will have some X times returns and some random operated SMEs will have unreal returns)
And be very cautious with the companies you choose in the current environment (if things went downhill, upto 80% fall can’t be ruled out)
Ahead of Market: 10 things that will decide stock action on Thursday (09-10-2024)
Indian indices closed lower on Wednesday despite earlier gains, following the central bank’s policy easing. Nifty 50 closed at 24,982, Sensex at 81,467. Analysts suggest a short-term pullback before further upside.
Ratan Tata continues to be in Breach Candy hospital (09-10-2024)
Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata continues to be in Mumbai’s Breach Candy Hospital for age-related ailments, said people aware of the situation. Comments from the Tata group could not be immediately obtained on his health condition.
10-year government security yields drop to 6.73% after RBI’s neutral stance (09-10-2024)
The inclusion of Indian debt in the FTSE Russell Emerging Market Government Bond Index also aided the yields. This inclusion will add to the hefty foreign inflows that domestic debt markets have received over the past year.
Large offerings can end up as duds post listing (09-10-2024)
Six of the top 10 offerings in terms of issue size were subscribed less than five times overall on the final day of the IPO