Monday, 16 May, 2022
TopicIndian stocks

Topic: Indian stocks

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

LIC IPO will get pushed to next fiscal if Modi govt doesn’t take call on timing in a day or two

With transactions likely to take 15 days, & given current market volatility, it is learnt budget division in finance ministry isn't including LIC IPO proceeds as part of this fiscal's calculation.

Chinese and Indian stocks in Thai Pension Funds’ potential list for $33 Billion investment plan

The plan to add more Chinese and Indian stocks will help Thailand’s Government Pension Fund diversify its equities portfolio, and earn better returns in developing and resilient economies.

Paytm stock rout is proving to be an expensive lesson for early backers Berkshire, SoftBank

Paytm is struggling to convince investors and analysts alike of the potential for its business model. Losses widened to Rs 474 crore in the September quarter amid rising expenses.

Day traders jump into India stocks as they start to collapse

BSE Sensex rose over 20% in the first 10 months of this year. But it’s now about 10% below an all-time high touched in October.

Money fleeing China may avoid Indian stocks as they’ve become pricey, UBS says

UBS predicts Nifty 50 Index will fall to 15,500 by June end 2022. Current surge has Nifty trading at 21.3 times estimated 12-month earnings, much higher than its 5-yr average of 18 times.

Survey shows Zomato is doing something right with brand awareness

About 53 per cent of respondents from these Hindi-speaking states knew what Zomato is, which is significant. But it is well below the awareness for Paytm.

Analysts have never been this bullish about SBI in nearly two decades

47 of 48 analysts recommend buy and 1 has a hold rating — a ratio of 98% that’s the highest since June 2004. SBI posted a record profit in the latest quarter that beat estimates.

YouTube stars, broking apps lure pandemic-hit day traders in India into stock investing

A wave of YouTube influencers as well as a host of private stock-tipping social media chat groups have drawn millions of day traders into discount brokers.

Sensex zooms 445 points; Nifty settles above 13,000-mark for first time ever

Indian equity indices conquered new peaks Tuesday, as banking, FMCG and auto stocks saw heavy buying amid optimism over Covid vaccine progress and unabated foreign capital inflows.

On Camera

YourTurn

Congress leaders, including Sonia Gandhi and Rahul Gandhi, at the concluding session of the party's Nav Sankalp Chintan Shivir, in Udaipur on 15 May 2022 | ANI Photo

At Chintan Shivir, Congress has chosen to win—not with PK, but with SC, ST, OBCs, women

What the Gandhis did piecemeal will now be done on an ongoing basis. PK might make parties win elections, but the Congress has opted to make itself win.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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