-
Value stocks are the ones that are trading at relatively low multiples compared to their earnings and growth potential
-
Muted institutional flows are leading to some consolidation but there is decent buying in many quality midcap and smallcap stocks.
-
This week Sensex rose 175 points or 0.30% to settle at 58,305. The Nifty 50 index gained 45 points or 0.26% to settle at 17,369.
-
Equirus is positive on Oberoi Realty considering a strong pipeline in the high-growth Mumbai Metropolitan Region (MMR)
-
Indian benchmark equity indices settled with modest gains on September 9 amid the weekly expiry of derivatives contracts.
-
Overall market breadth was positive as 1,844 stocks advanced on the BSE, while 1,345 declined and 161 remained unchanged.
-
OYO recently raised $9.6 billion in fresh capital from Microsoft at a post-money valuation.
-
BSE MidCap index scaled to a new peak of 24,715, while BSE SmallCap index touched a new high of 27,645 in today's session.
-
Nifty 50 index is currently trading at relatively reasonable valuations on P/B basis at 3.6x, 0.77 standard deviation above long term averages.
-
Management commentaries across large & midcap players suggest some pricing power has come back to the IT-services industry, at least for niche skills.