CLSA’s India coverage universe (ex-financials) of 111 stocks currently trade at an average of 2x FY23CL EV/sales, while Nazara Tech’s stock trades at 6x FY23 EV/sales which makes valuations expensive.
PSUs’ share of profits has risen from 18% in the financial year 2017-18 to 28% in the financial year 2020-21, after consistently declining from 39% a decade ago.
Immediately after removing the two Coca-Cola bottles during the press conference, Ronaldo was seen holding up a water bottle before saying “Agua” in Portuguese.
On the second day of bidding, Dodla Dairy and Krishna Institute of Medical Sciences (KIMS) initial public offerings continue to attract investor’s interest.
KIMS IPO consists of a fresh issue of equity shares worth Rs 200 crore or 24.24 lakh equity shares of face value Rs 10. The offer for sale will see existing shareholders sell 2.35 crore equity shares.
The SEBI order imposes a Rs 3 crore penalty on Franklin Templeton Trustee Services and another Rs 2 crore each on Franklin Templeton AMC CEO, Sanjay Sapre and CIO Santosh Kamat.
Investors can bid for the issue in a bid lot of 51 shares, in a price band of Rs 285 - 291 per share. This translates to a minimum investment of Rs 14,841.
Shares of Dewan Housing Finance Corporation Ltd (DHFL) stopped trading on the stock exchanges from today, as BSE and NSE informed investors over the weekend.
"At this point, markets are expecting earnings to improve sharply and given the backdrop of huge liquidity, it is trading at higher multiples compared to their own history. This warrants some caution in near term and we expec
The issue of Dodla Dairy consists of a fresh issue of equity shares worth Rs 50 crore and an offer for sale (OFS) of up to 1.09 crore equity shares of face value Rs 10 each.
The heavy trading and delivery volumes in DHFL stock yesterday showed that investors were still buying the stock, some of them hoping to extract some value when the stock re-lists.
Capital market regulator SEBI has approved the initial public offerings (IPO) of Glenmark Life Sciences and Utkarsh Small Finance Bank, warming up the IPO street that has seen little action so far this financial year.
Investors in Franklin Templeton’s other mutual fund schemes may not face immediate repercussions of SEBI’s order to refund money to the investors of six debt schemes that shut down.
Sensex and Nifty ended at their highest ever closing levels on Monday as domestic markets surged ahead of Prime Minister Narendra Modi’s address to the nation.
