India’s economy is experiencing strong GDP growth, driven by fiscal and monetary stimulus and new trade deals with the US and EU. While past growth didn’t translate to corporate earnings, improving inflation and nominal GDP are expected to boost profits, attracting foreign investment and signaling a positive market outlook for the longer term.Read More
MobiKwik shares surged up to 13% after its subsidiary received BSE approval to commence stock broking operations, completing key regulatory steps. The move marks the company’s expansion into financial services. Despite the rally, the stock remains significantly below its IPO and listing price levels.Read More
Software companies are delaying debt fundraising due to rising borrowing costs and increased lender scrutiny, driven by AI’s potential to disrupt traditional business models. This caution is evident in credit markets, with wider spreads for riskier borrowers and a slowdown in new financing deals as firms await market stability.Read More
India is set to raise a significant 1.79 trillion rupees from IPOs of state-run firms by 2030, part of a larger $183.7 billion asset monetisation drive. Key sectors like railways, power, petroleum, aviation, and coal will see stake sales. This initiative aims to boost government revenue and streamline operations across vital public enterprises.Read More
Aditya Shah of Hercules Advisors believes IT sector sentiment is overly negative, presenting buying chances. He advises caution on banks like IDFC First Bank and AU Small Finance Bank due to recent issues. Cigarette stocks face policy risks. Shah favors private banks, seeing potential in SBI, ICICI Bank, and HDFC Bank.Read More
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