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Stephen Dover cautioned investors about over-concentration in Mag-7 stocks, noting overseas markets have also performed well. He explained the current multi-asset rally is driven by central bank asset inflation, benefiting asset owners.
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Motilal Oswal Financial Services has identified high-conviction stock picks with return potential up to 28% post Q2 earnings. The brokerage firm recommends stocks across various sectors including solar, telecom, banking, autos, aviation, and ports, citing strong fundamentals and growth prospects.
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Fujiyama Power IPO: BSE data shows the Fujiyama Power IPO was subscribed 40% by the end of Day 2, reflecting a cautious investor response with much of the bidding yet to come.
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Nomura Holdings has launched an internal probe into its India fixed-income business to examine whether profits in its rates division were overstated in recent years, according to people familiar with the matter. The compliance-led investigation focuses on how traders valued transactions in Strips—bonds created by separating principal and interest payments from Indian sovereign securities. Senior officials have been asked to review past valuations.
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Honasa Consumer, parent of Mamaearth, shows a 47% rally from its lows, driven by a strong Q2 performance and distribution revamp. Analysts are upgrading ratings, with JM Financial and ICICI Securities seeing a positive outlook and potential for further gains, targeting Rs 330 and Rs 400, respectively.
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