An ETMarkets analysis of Ace Equity data shows high-beta stocks outperformed low-beta peers over the past year, with Laurus Labs and Paytm leading gains, while ABFRL, Siemens, and Tejas Networks saw steep declines. Low-beta counters like JSW Holdings and Manappuram Finance delivered steady double-digit returns.
Investors are cautiously optimistic across sectors. Siddhartha Khemka of Motilal Oswal sees strength in chemicals and fertilizers, with Coromandel International and PI Industries favored. He expects a steady quarter for SBI, citing strong asset quality. The metals outlook is turning positive, with Tata Steel benefiting from domestic demand and global cues. Khemka has a buy rating on Tata Steel.
Growws Rs 6,632-crore initial public offering comprises a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of 557 million shares by existing shareholders. The price band has been fixed at Rs 95100 per share. The firm is targeting to go public at a valuation of $7 billion.
Auto sector mutual funds have surged 10.49% in three months, second only to international funds. Experts attribute the rally to rising incomes, GST relief, festive demand, and EV launches, but caution that high valuations may warrant selective profit booking and a long-term investment view.
Seve upcoming IPOs, including Lenskart, Groww, and Pine Labs, are showing grey market premiums of up to 21%, signalling strong investor interest ahead of a busy week on Dalal Street.
The dollar strengthened to a near three-month high, driven by anticipation of U.S. economic data that could influence the Federal Reserve's hawkish stance. Meanwhile, the yen weakened significantly against the dollar due to interest rate disparities. Investors are closely watching upcoming economic indicators for insights into the U.S. economy's health.
US equity futures edged higher, suggesting global stocks' seven-month rally may continue. Despite mixed tech earnings and Fed rate cut uncertainty, optimism prevails. China's signals on rare earth exports and semiconductor investigations also boosted sentiment, as oil climbed on OPEC+ decisions.
