Hence, it is important to focus on valuations, earnings and the quality of those earning. These are the parameters which matter and we are witnessing some deterioration in all three parameters.
Canadian Prime Minister Justin Trudeau is facing pressure to resign amid rising discontent and the departure of key Cabinet members. A Cabinet shuffle is underway, but it's uncertain whether it will improve the Liberals' standing. The NDP's potential withdrawal of support could trigger a no-confidence vote when Parliament returns, further jeopardising Trudeau's leadership.
Ventive Hospitality's Rs 1600 crore IPO opens today, closing on December 24. The company, owning luxury hotels in India and the Maldives, aims to use the proceeds for debt repayment. Priced at Rs 610-643 per share, the IPO has a GMP of Rs 53. Analysts recommend subscribing, citing growth potential in the hospitality sector.
In the NSE large cap pack, six stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on December 19, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Incorporated in 2017, the company identifies, develops and commercialises speciality and complex niche products in mid-market range. It also undertakes contract manufacturing for its customers. It earns through in-licensing fee, transfer pricing and profit sharing. Over 60% of its revenues come from supplying to regulated markets of the US, Canada and the UK and 32% from emerging markets.
The Hinduja Group investment firm is offering an annual return, or coupon rate, of 15% on the NCDs, which will be secured against Reliance Capital shares with Reserve Bank of India (RBI) approval, the sources said.
