Stock hits all-time high on growth uptick in April, May
Stock in world's most valuable start-up has changed hands recently at a price that suggests its value has risen more than 33 per cent from about $75 billion during a major round of funding 2 years ago
The Gurugram-based company has raised $44 million in a funding round led by Tiger Global, Avatar Growth Capital.
Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative
The market has moved up significantly in the past year, with the benchmark BSE Sensex gaining 16 per cent. The rally has largely been driven by global liquidity and on expectations that earnings back home will pick up in the coming quarters. At a one-year trailing price-to-earnings multiple (P/E) of 22.8, the Sensex is still trading above its historical average.It's a difficult terrain for value investors. Should they use the intermittent corrections as buying opportunities or stay on the sidelines?"We are seeing a situation where the pace in growth in earnings has been quite subdued, whereas the growth in stock prices has been brisk. In this scenario, high valuation multiples have made it difficult to identify new opportunities," said Rajeev Thakkar, director, PPFAS. For stock selection, apart from P/E and price-to-book value (PB), value investors typically look at parameters such as discount to intrinsic value, dividend yield and discounted cash flows. "As a value investor, the aim .
Why do we still depend on substitutes for assessing the value of intangible assets?