Page 4 - Market Valuation

Market has already factored in BJP's victory, says Achin Goel of Bonanza

While the fundamentals of PSUs remain optimistic, current valuations offer limited upside potential for new entrants, says Achin Goel, vice-president, Bonanza Portfolio

Reasonable valuations, potential US rate cuts bode well for tech funds

Mitigate inherent volatility with limited exposure and a long horizon

India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood

While market valuation is high, it should be seen in the context of the acceleration in growth, Wood says

19% of global fund managers bullish on India; Japan most preferred: BofA

Among markets, investors preferred India and Taiwan apart from Japan, while avoiding Thailand and China, the survey suggested.

The next few months are likely to see increased volatility: Shiv Sehgal

Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety, Sehgal said

Walt Disney's India unit market valuation halves in Reliance merger talks

After weeks of negotiations following a non-binding pact with Ambani's Reliance Industries Ltd. to merge their entertainment business

Tesla set to erase $50 billion in valuation after Elon Musk's sales warning

"The Tesla headlines have essentially gone from bad to worse," said TD Cowen analysts, noting that the fourth-quarter revenue and profit were also below expectations

Fidelity reduces valuations of Meesho, Pine Labs as of October 2023

In September 2021, Fidelity led a $570 million round in Meesho along with B Capital Group, a venture capital firm co-founded by Facebook Co-Founder Eduardo Luiz Saverin

Mcap of top 5 valued firms erode by Rs 1.67 trn, HDFC Bank biggest laggard

The combined market valuation of five of the top 10 valued firms eroded by Rs 1,67,936.21 crore last week, with HDFC Bank emerging as the biggest laggard. Last week, the 30-share BSE benchmark fell by 1,144.8 points 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever and State Bank of India faced erosion in their valuation, ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack. The market valuation of HDFC Bank eroded by Rs 1,22,163.07 crore to Rs 11,22,662.76 crore. Shares of HDFC Bank fell for the third day in a row on Friday, tumbling over 12 per cent, as investors deserted the counter after the company's December quarter earnings failed to impress the market. HDFC Bank shares bounced back on Saturday, climbing 0.54 per cent. Reliance Industries valuation fell by Rs 18,199.35 crore to Rs ...

Challenging for Apple to live up to $1 trn rally performance in 2024

Such gains in 2024 will be harder to come by. As it looks to arrest four consecutive quarters of declining revenue, the world's most valuable publicly-traded company faces uncertainty in China

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities. Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80. HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation. HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore. The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore at close on Friday. LIC had reclaimed the Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourse on Thursday. However, at cl

BSE-listed firms' market valuation touch record high of Rs 337.67 trillion

The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 337.67 lakh crore (USD 4 trillion) on Friday amid a rally in equities, mainly on account of favourable macroeconomic data and continuous foreign fund inflows. Rising for the fourth straight day, the 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19 points. During the day, it rallied 575.89 points or 0.85 per cent to 67,564.33 points. In four days, the benchmark index has surged 1,511.15 points or 2.29 per cent. Amid the optimistic trend in equities, the market capitalisation of BSE-listed firms soared to Rs 337.67 lakh crore, translating to USD 4 trillion at the exchange rate of 83.30. In four days of the market rally, investors' wealth have gone up by Rs 8.95 lakh crore. The combined market valuation of all listed companies on the BSE reached the USD 4 trillion-milestone for the first time ever on Wednesday. The 30-share benchmark hit its all-time peak of 67,927.2

Indian markets hit historic $4 trn market cap milestone for the first time

With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion)

Billionaire Gautam Singhania's separation erases $180 mn at Raymonds

The stock has tumbled 12 per cent since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member

Sun Pharmaceutical's vital signs: A strong dose of valuation multiples

The specialty segment and domestic business act as the lifeblood, coursing through the largest pharma company in the country, fuelling both revenue and margins

KeyBanc downgrades Apple, believing company valuation near all-time high

Shares of Apple are still up 33% this year, though they have retreated nearly 13% from their July record high amid the tech selloff sparked by concerns over high interest rates

OpenAI plans sale of existing shares at $80-$90 billion valuation

It would make OpenAI one of the world's most valuable private companies

Most valuable India firm RIL hits oversold level after six-month gap

The stock dropped 0.7% to 2,339.50 rupees in provisional close on Monday, poised to breach its 200-day moving average

Shares of Concord Biotech ends 27% higher in debut at $1 bn valuation

The Ahmedabad, Gujarat-based company opened at 900.05 rupees, a 21.5% premium to its initial public offer (IPO) price of 741 rupees

BofA Securities ups Nifty target to 20,500; sees markets get rerated

The foreign brokerage firm prefers large-caps over their mid-and small-cap peers as the valuations in case of the latter are rich and earnings growth estimates seem stretched.