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Yoosef KP

Articles By Yoosef KP

189 Articles

Market valuation: RIL loses Rs 1.2 lakh crore as shares slump

The net profit of the oil-to-telecom behemoth declined 15% during the quarter to Rs 9,567 crore on the back of a 25.7% fall in net revenue. The net revenue for the quarter stood at Rs 1.11 lakh crore.

According to Bloomberg, the slide in RIL shares also eroded promoter Mukesh Ambani’s net worth by almost $7 billion to about $71 billion.

RIL now bigger than all PSUs combined; Mukesh Ambani firm’s Market-Cap more than Rs 15 lakh crore

RIL, which has raised $33 billion of equity capital in the past six months, has more-than doubled its investors wealth compared to 15.7% gains clocked by the benchmark Nifty50 in the last six months.

It also observed that things that are relevant for investor to appreciate are: Capital, execution and scale that result in dominance.

It’s raining dividends! India Inc pays out record dividends in 2019-20

Approximately 10% of the firms have more than doubled their payout in 2019-20; the promoter group held a stake of over 60% in these companies.

The reason for the high payout is that the dividend distribution tax (DDT) was abolished in the FY21 Budget.

Mukesh Ambani’s Reliance Industries market cap surges, overtakes all Tata and HDFC group companies

The market cap of 28 listed Tata Group companies on Tuesday was Rs 10.73 lakh crore while that of the HDFC Group’s four listed companies was Rs 10.51 lakh crore.

Investment boost: RIL hits $150 billion in Mcap to enter top 60 in world

Along with the rights issue of Rs 53,124.20 crore, the company mopped up a colossal Rs 1.69 lakh crore in less than two months.

The stock of RIL, which has surged two-fold from its March lows, added another 6.2% on Friday, taking its market valuation to Rs 11.5 lakh crore — that is about two times of its FY20 revenue.

Stock-taking: It’s a narrow market rally

68 companies made it to the club of stocks with an m-cap of Rs 1,000 crore.

Bank Nifty slips 3 per cent to hit over one-and-a-half month low

On the day the Reserve Bank of India cut rates by 40 basis points and extended the moratorium on loans by another three months, Bank Nifty slumped as much as 630 points in intra-day trade on Friday before closing at 456.20 po

Kotak Mahindra is now most expensive bank stock in world

According to Bloomberg data, the Kotak Mahindra Bank currently commands a price-to-book value (P/BV), which is as high as 4.5 times compared to 2.7x for HDFC Bank and 1.6x for ICICI Bank.

Kotak Mahindra Bank, has comfortably pipped all lenders in the world to become the most expensive bank stock, a crown which until recently belonged to none other than HDFC Bank.

FPIs cut stake in most Nifty firms in March quarter

Interestingly, the banking and financial stocks saw ownership coming down the most as majority of foreign investors expect the impending economic slowdown due to the COVID-19 pandemic to have a greater impact on the sector.

Indian pharma stocks outshine global peers; Nifty Pharma rises 22.6%

Indian pharma companies have also been in the news as some of them will increase manufacture of hydroxychloroquine as it is seen as one of the drugs that is effective in treating Covid-19.

The Nifty Pharma Index has jumped 22.6% in April 2020, while the broader Nifty50 is up 6%.

Investors are still apprehensive of Covid impact on businesses, sentiment: Amit Khurana, head of equities, Dolat Capital

If Covid-19 impact is minimal and does not deteriorate from what we see today, we could have a potential to move towards mean valuations – that will imply a return of up to 17% from here.

Amit Khurana, head of equities, Dolat Capital

RIL shares get singed as oil prices collapse to $35.27/bb

With Monday’s fall, the RIL stock has corrected nearly 30% since the outbreak of coronavirus in the middle of January against the Sensex’ fall of 15% during the same period.

Nifty’s premium valuations take hit, slip below 5-yr average

At the present levels of 11,269, the Nifty trades at a price/earnings multiple of 16.6 times one-year estimated forward earnings against the five year average PE of 16.9 times, Bloomberg data showed.

Overseas investors have sold Indian shares worth $2.6 billion in the last nine sessions bringing the Nifty down by 7.4% so far in 2020, against a gain of 12.02% in 2019.

Bank stocks take a beating, PSU Bank Index plunges to 11-year-low

Foreign portfolio investors have sold shares worth $2.3 billion in the last eight sessions through Wednesday.

Nifty50 sees nearly 10% erosion of dollar returns so far in 2020

Between January and now, the Indian market has under-performed many of its peers such as the Hang Seng, Shanghai Composite and Taiwan TAIEX.

Coronavirus tremors hit market: Indian stocks crash amid two fresh cases

On Monday, while overseas investors sold shares worth $186 million, local investors pumped in $156.6 million, provisional data on bourses showed.

The slide in Indian equities comes at a time when the global markets showed some kind of resilience on hopes that global central banks would take some actions to stabilise the financial markets.

Big interim dividends in February look to fight DDT rejig blues

Even as many companies have set their record dates for dividend announcement, as many as 203 companies have already declared interim dividend worth Rs 27,901 crore so far in February.

Tushar Sachade, partner - tax and regulatory services at PwC India, explains that domestic companies with higher promoter holding will declare interim dividend before March as they can save substantial amount of tax by doing so.

Coronavirus Scare: Nifty50 falls to over three-week low to breach 200-day moving average

In the wake of Covid-19, concerns of a global slowdown has begun to translate into caution regarding India’s growth as well as fiscal deficit target.

Coronavirus spread: Global sell-off hits Indian equities

According to Bloomberg, the coronavirus outbreak sparked fears of a global pandemic even as Afghanistan, Bahrain and Kuwait reported their first cases while infections spiked again in South Korea and Iran.

ONGC’s stock plunges to 15-year low below Rs 100

The December 2019 quarter results were very weak with net profits nearly halving to Rs 4,152 crore and production of crude oil and gas falling.

However, investors are more concerned about an equity overhang with the government expected to sell some of its stake.

HUL at record high, nudges mcap of entire Nifty Smallcap Index

HUL has been a stellar performer, with the stock generating a CAGR of 25% over the past 10 years as investors continue to reward its outstanding earnings growth with an equal and reciprocal growth in re-rating.

As on Wednesday, the market capitalisation of HUL stood at Rs 4.89 lakh crore, which is Rs 19,344 crore shy of the Nifty Smallcap Index’ market cap.

Dabur inclusion to push Nifty 50 valuation further

On the basis of average six-month free float market capitalisation, Dabur, Godrej Consumer (GCPL) and Shree Cement have marginal differences, though Dabur ranks the highest and Shree Cement the lowest.

Dabur, Nifty 50 valuation, FY20 earnings, Yes Bank, Nifty50, Indiabulls Housing Finance, HPCL, Nestle India

D-Mart operator enters top 20 club by market capitalisation, eyes Rs 4,098 crore via QIP

It is noteworthy that shares of Avenue Supermarts rose a whopping 22.4% since the beginning of this year.

D-Mart operator, Avenue Supermarts, market capitalisation, ONGC, Wipro, Ultratech Cement, Sensex, CAGR

Post-Budget blues: ITC no longer among India’s top 10 most-valued firms

The stock fell by another 12% since Saturday after finance minister Nirmala Sitharaman proposed higher levies on cigarettes and other tobacco products in the Budget. The market expects ITC to take 10-12% price hikes, followin

itc, mid cap, itc stock, itc stock price, budget 2020, nirmala sitharaman, budget 2020

Budget 2020: D-street disappointed! Sensex logs its biggest Budget-day plunge since 2009

Budget 2020-21: Giving in to the long-standing demand of investors, the FM proposed to abolish the DDT, which will now be taxed in the hands of shareholders.

Trade deal boost: Sensex surges past 42,000-mark

Investors are looking forward to some form of a fiscal stimulus to boost growth and some policy thrust to revive investments after economic growth fell to multi-year lows.

Bear run: Super 10 stocks come under selling pressure

The Bank Nifty lost over 1,000 points, or 3.3%, in the last four sessions since depreciating rupee and fears of rising inflation could pressure lenders’ investment portfolios.

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