NYUs Aswath Damodaran warns that while U.S. stocks appear richly valued, timing a correction is risky. He highlights rising valuations, driven by major tech stocks, and offers five strategies for investors. Damodaran stresses that even when markets look overpriced, predicting corrections is highly uncertain and requires careful planning.
Pace Digitek shares gained attention after Morgan Stanley bought 12 lakh shares and Arihant Capital initiated coverage with a Buy rating, citing strong growth potential in Indias renewable and telecom infrastructure sectors.
Dabur India announced that recent GST reforms cutting rates on key FMCG categories from 1218% to 5% will boost affordability and consumer demand. Around 85% of its portfolio now falls under the 5% tax slab, covering core segments like oral care, hair oils, shampoos, juices, and OTC products. The company plans to pass on these benefits to consumers.
Top 10 IPOs debuting tomorrow saw mixed investor response. Infinity Infoway, Advance Agrolife, and Sheel Biotech led with high subscriptions and GMPs, while several others recorded flat or muted market interest.
