Stent maker Sahajanand to sell 30% stake, eyes $300 mn valuation
Established in 1998, SMT develops and manufactures cardiac products that are sold in 75 countries. Its portfolio includes coronary stents (drug-eluting and bare-metal), renal stents, angioplasty balloon catheters and other cardiac accessories.
India has biggest disconnect between stock rally, economic gloom
The nation’s shares have logged the one of the best rebounds from the March ...
Six of 10 most valued companies lose Rs 1.38 lakh cr in market valuation
The market valuation of Reliance Industries Limited (RIL) plunged by...
Happiest Minds IPO: Analyst ratings, management views, issue valuations & more
Analysts said the valuations look high, but given the demand for midcap and smallcap IT stocks these days, risk-taking investors can consider subscribing to the IPO.
Nifty valuations look stretched amid EPS downgrades: Jefferies
Nifty has gained 44 per cent from the March 24 low of 7,511.10.
After 140% breakneck rally, RIL set to cool off on Q1 miss, say analysts
"RIL results were pretty okay, but there was nothing to write home about. There was no announcement on any strategic activity for Reliance Retail. Expect the stock to cool off a bit before we see any further move," said Sandip Sabharwal, asksandipsabharwal.com.
RIL’s alpha could narrow in near term: Here's why
The pressure on earnings in the energy vertical in the June quarter was inevitable. The lockdown in large parts of oil consuming nations impacted offtake and realisation of oil products.
Asia's equity valuations hit 10-1/2-year high in June
The MSCI's broadest index of Asia-Pacific shares gained 4.83 per cent last month, topping the MSCI's World index's 3.03 per cent gains.
RIL's market valuation crosses Rs 11.5 lakh crore mark
Market valuation rose by ₹26,150.05 crore to Rs 11,59,318.60 crore during the morning trade.
Indian equity markets most expensive after US and Japan
A major reason for the upbeat valuation is that analysts are now taking into account the FY22 estimated earnings, which may grow in double digits.
Street valuing RIL in line with tech giants
Various widely-tracked financial ratios show investors have re-rated Reliance shares in line with the technology companies such as Facebook, Apple, NVIDIA, Google, Microsoft, Amazon, and Netflix, which stand for FANGMAN.
RIL hits fresh all-time high, momentum may sustain despite higher valuation
In an interaction with ET NOW, Samir Arora, Founder, Helios Capital said, “RIL is in a different league altogether. It is now a global stock.”
Chan Zuckerberg fund backs education tech startup Eruditus; valuation doubles
The Chan Zuckerberg Initiative (CZI) confirmed it had invested in the Mumbai-based startup, without disclosing details. “Eruditus has a proven track record of increasing access to education globally in partnership with leading universities,” said Vivian Wu, managing partner, Ventures at CZI.
Weak dollar, zero interest rates or easy liquidity? What’s driving up stocks?
A reason for the stock market rally is lower or near zero interest rates and almost negligible mid- to long-term bond yields in major economies around the world. These conditions have pushed huge chunks of money into equity markets.
India's banks play a risky game as loan truce ends
In March, the central bank told lenders they could stop collecting from borrowers for three months after Prime Minister Narendra Modi put a stop to most economic activity to contain the virus. Since then, the regulator has extended the timeout by another three months.