Page 2 - Market Valuation

India holds the top spot in our EM playbook: Bernstein's Venugopal Garre

Garre tells that improving macro conditions and lower earnings risk make this a good time to start evaluating bottom-up opportunities in quality midcaps

Mcap of 9 of 10 most valued firms jumps Rs 1 trn; Reliance, HDFC Bank shine

Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent. From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers. The market valuation of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, the most among top-10 firms. HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore. The market capitalisation (mcap) of ICICI Bank rallied Rs 9,790.87 crore to Rs 10,41,053.07 crore. Hindustan Unilever's mcap zoomed

4 top valued firms see ₹1 trn jump in market valuation, LIC biggest winner

The combined market valuation of four of the top-10 most valued firms jumped Rs 1,01,369.5 crore last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in an otherwise sluggish trend in equities. Last week, the BSE benchmark declined 270.07 points or 0.33 per cent. While HDFC Bank, Bharti Airtel, State Bank of India and LIC were the gainers in terms of addition to their market valuation, Reliance Industries Ltd, Tata Consultancy Services (TCS), ICICI Bank, Infosys, Bajaj Finance and Hindustan Unilever Ltd faced a combined erosion of Rs 34,852.35 crore on the other hand. The market valuation of LIC surged Rs 59,233.61 crore to Rs 6,03,120.16 crore, the most among the top-10 firms. State Bank of India added Rs 19,589.54 crore to Rs 7,25,036.13 crore in its valuation. The market capitalisation (mcap) of Bharti Airtel jumped Rs 14,084.2 crore to Rs 10,58,766.92 crore and that of HDFC Bank climbed Rs 8,462.15 crore to Rs 14,89,185.62 crore. However,

Cash market volumes, margin trading book shrink as traders turn cautious

Analysts expect recovery once market stability returns

Sensex can hit 105,000 by December 2025; recession a risk: Morgan Stanley

The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable, and see the Sensex at 93,000 levels by December 2025 - up 25 per cent from the current levels as their base case.

Adani Green, Suzlon, Swan Energy: Stocks with biggest drop in PE ratio

Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end

OpenAI co-founder Sutskever's startup to raise funds at $30 bn valuation

Greenoaks Capital Partners, a San Francisco-based venture capital firm, is leading the deal for the startup, Safe Superintelligence, and plans to invest $500 million

Mcap of 6 of top-10 most-valued firms surges Rs 1.18 trn; HDFC Bank gains

The combined market valuation of six of the top-10 most valued firms surged Rs 1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, in-line with firm trend in equities. Last week, the BSE benchmark climbed 354.23 points, or 0.45 per cent, and the Nifty went up 77.8 points, or 0.33 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Bajaj Finance were the gainers from the top-10 pack, Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC faced erosion from their valuation. Together these four firms lost Rs 1.15 lakh crore from their valuation. The market valuation of HDFC Bank jumped Rs 32,639.98 crore to Rs 13,25,090.58 crore. Bharti Airtel added Rs 31,003.44 crore taking its valuation to Rs 9,56,205.34 crore. The market capitalisation (mcap) of Bajaj Finance surged Rs 29,032.08 crore to Rs 5,24,312.82 crore and that of Infosys rallied Rs 21,114.32 crore to Rs 7,90,074.08 ...

Sensex, Nifty PE dips below 10-year average. Time ripe for cherry-picking?

The Sensex is trading at TTM PE of 22.2x at the current levels as compared to its 5-and 10-year average of 25.4x and 27.5x, respectively.

Nomura sees muted Nifty returns in 2025, sets December target at 23,784

Nomura Nifty target: Nomura suggests investors stay highly "selective" and bet on stocks and/or sectors with relative valuation comfort

Trend weak; adopt 'Bear Spread' on Nifty today: Nandish Shah of HDFC Sec

Nifty Today, Jan 10: Short build up is seen in the NIFTY futures, where we have seen 8 per cent rise in the open interest

Mamaearth parent loses $415 mn in value as Q2 loss fans demand worries

The sharp selloff was triggered after Honasa posted its first quarterly loss since listing in Nov. 2023 late on Thursday

BS BFSI Summit: Market gurus say valuations limit near-term upside

BS BFSI Summit: There is limited room for PE multiples to move up and return expectations going ahead have to be moderate, analysts said at the Business Standard BFSI Insight Summit

Trump's Truth Social beats Musk's X in value; what's behind the surge?

Trump Media & Technology Group now holds a valuation exceeding $10 billion, with its stock more than quadrupling since late September

X valued at 80 per cent less since Elon Musk's acquisition, says Fidelity

X is currently worth around $9.4 billion, a fraction of the price Elon Musk paid to acquire the company

NCLT dismisses Philips India plea to buy minority stake over valuation gap

The National Company Law Tribunal has dismissed the petition by Philips India to buy out the remaining 3.87 per cent from its minority shareholders, observing a "huge difference" between values determined by the company-appointed valuer and its minority investors. The Kolkata bench of NCLT though agreed with the "discounted cash flow method" adopted by the valuers appointed by Philips India and its minority shareholders but pointed out a "huge difference" between the price of the share determined by them. "While petitioner (Philips India) appointed valuer has valued it at Rs 740 per share, the respondent (minority shareholders) appointed valuer has valued in excess of Rs 4,500, by suggesting a range between Rs 4,605 to Rs 6,119," it said. The tribunal suggested that the situation may require a direction to the registered valuer to disclose the parameters factored while determining the price under the discounted cash flow method to reconcile two vastly different prices determined by

Nvidia suffers record $279 billion loss in market value as Wall St drops

Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains

How expensive are the Indian stock markets? A quick check on PE multiples

The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.

Candytoy plans to raise 90 cr by diluting 10% stake at Rs 900-cr valuation

Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said. Moreover, to fund its growth plans, the Indore-based company has plans to raise 90 crore by divesting 10 per cent equity at a valuation of Rs 900 crore, he added. Besides, the bootstrap startup firm also plans to get listed on the stock exchange in the next three years, Mirchandani said. "We are diluting 10 per cent stake in the company through a VC. We are bringing Rs 90 crore which will be primarily invested this year to make sure that we are touching around Rs 400 crore to Rs 450 crore turnover by the next financial year," Mirchandani told PTI. Candytoy Corporate Pvt Ltd (CTC) had a turnover of around Rs 250 crore in FY 2023-24. "Now with 30 per cent y-o-y growth in orders for the last two years, we see t

Mcap of 9 of top-10 valued firms add Rs 95,522 cr; RIL, TCS lead gainers

The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, the BSE benchmark jumped 649.37 points or 0.80 per cent. The market capitalisation (Mcap) of Reliance Industries surged by Rs 29,634.27 crore to Rs 20,29,710.68 crore. The valuation of TCS jumped Rs 17,167.83 crore to Rs 16,15,114.27 crore and that of Hindustan Unilever by Rs 15,225.36 crore to Rs 6,61,151.49 crore. The Mcap of Bharti Airtel rallied by Rs 12,268.39 crore to Rs 8,57,392.26 crore and that of ICICI Bank by Rs 11,524.92 crore to Rs 8,47,640.11 crore. ITC soared Rs 3,965.14 crore to Rs 6,32,364.24 crore, while State Bank of India added Rs 2,498.89 crore to Rs 7,27,578.99 crore. In addition, the valuation of Life Insurance Corporation of India jumped