PREMIUM POSITIONING
Vraj Iron and Steel shares list at 16% premium over IPO price
Vraj Iron and Steel's strong listing surge correlates with its exceptional 126.36 times subscription rate, reflecting robust investor confidence. Analysts highlight risks including regional facility concentration and absence of long-term customer contracts, advising cautious consideration amidst the company's promising outlook.
Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return
The frenzy around SME IPOs driven by retail investors seeking high returns raises concerns about an overheated market and potential bubbles. Despite the success stories, caution is advised as valuations may not offer sufficient margin of safety in the current environment.
Go Digit stock likely to face pressure amid elevated combined ratio
After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
Ixigo share price jumps over 13% after listing at healthy premium
Shares of Le Travenues Technologies' travel platform Ixigo surged 13% from Rs 135 to Rs 152.21 on BSE after a strong listing. The company's AI-powered operations provide a competitive edge in the online travel sector.
Focus on reasonable valuations, avoid chasing momentum: Shibani Sircar Kurian
Our belief is that if you look at government policy and of course, we will get to know more in detail over the next few days and then going into the union budget. But the government in terms of policy focus would continue pretty much along the same lines as what was happening over the last few years over their last term.
How to play MF portfolio in Modi 3.0? Prefer largecap funds over mid & smallcap: Alekh Yadav
We believe that government support, coupled with a favorable monsoon, will lead to an increase in rural consumption, making it a theme we favor.
Modi premium for Indian stocks gets a hard look after elections
With the leader now navigating coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors are looking for proof that Modi can continue his reforms with the same vigor, while balancing the demands of alliance partners and avoiding populist measures to regain public support.
What does FPI short positions mean for Nifty bulls?
ICICI Securities has set a forward target of 10% upside in one year, against the long-term expected returns of 14%. Despite the short term volatilities due to elections, the forecast appears to be improving, it said.
Are fears and panic around PSUs overblown? Sandip Sabharwal answers
Ideally, they should not be able to because like you rightly said, it is more commoditised. In fact, you look at the reason why did HDFC merge into HDFC Bank, because they realised that the margins are going to get squeezed and if they do not have a low-cost deposit franchise which supports the margin squeeze, that will become tougher.So, many of these housing finance companies sustain higher margins to develop financing, loan against property, etc, which are higher margin, but then also carry higher risk.
Sanjiv Bhasin picks top stocks that may outperform in near term
We think the market has retraced very sharply, more sharply than we thought. This is not the time to be too brave, be watchful of what stocks you buy. ABFRL was a darling stock, in the last three days it is up 30%, so has been AB Capital and Vodafone. We think that group is being re-rated. Look for any opportunities to buy.
Another 1000-point rally on the cards for Nifty post election results: Gautam Shah
I do believe that there is going to be continuity to this rally as well and a possibility of add up of about 1000 points on the Nifty is quite possible.
Energy, manufacturing & infra to remain bedrock of India's bull market: Nilesh Shah
It is very likely that these very sectors are going to basically get a fresh impetus. You are right that yes, in term one, these pockets did not yield returns. But in the second term, especially post COVID, we have seen massive returns and I probably think that is only the start, be it defence, be it space, be it many of the other areas.
FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities
"A favorable outcome for BJP is likely to take the index on a wild ride towards 23,500. However, at this juncture, 24,000 appears slightly unlikely, at least in the 4-5 trading sessions."
Awfis Space Solutions lists at 13.5% premium on NSE
Awfis early trades on the NSE, had hit a high of Rs 451.45 apiece. Stock exchange data shows, Awfis IPO closed on May 27, receiving bids for more than 936.8 million shares against the 8.62 million shares on offer.
Tata Motors embracing structural shifts from a position of strength and confidence: N Chandrasekaran
With the turnaround the company is embracing the structural shifts which includes an irreversible move to green mobility, rebalancing of supply chains to achieve resiliency digital acceleration with Artificial Intelligence and Machine Learning becoming mainstream, from a position of strength and confidence.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
Rupee closes mildly weaker, forward premiums slip
The Indian rupee closed slightly down on Monday, unable to build on recent gains as local dollar demand pressured the currency even as most of its Asian peers rose.
In case of clear majority for BJP, market may rally 8- 10%: Kunal Bothra
Kunal Bothra suggests an election-proof portfolio with L&T, BHEL, and Amara Raja Battery. He discusses FPI short positioning, VIX jump, and market scenarios based on majority outcomes. Bothra thinks markets are very pessimistic and in that context, if there is a clear majority, I would expect maybe 8% to 10% rally from current levels.
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