Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility and large-caps, suggesting increased weight on Reliance and HDFC Bank. With earnings growth scarce, portfolio construction for 2025 emphasizes sectors like IT, industrials, and select consumer discretionary areas.
Mamata Machinery's IPO was highly subscribed, reaching 194.95 times, with qualified institutional buyers and non-institutional investors leading the charge. The IPO, completely an offer for sale worth Rs 179 crore, had a price band of Rs 230-243 per share. Analysts recommended subscribing due to the company's niche market position and fair valuation.
Ventive Hospitality IPO GMP: Ventive Hospitality's Rs 1,600 crore IPO has been subscribed 78% by December 20, attracting strong demand from QIBs. The company offers luxury hotel assets and aims to raise funds for debt repayment and corporate purposes. Analysts recommend long-term subscription.
Former President Donald Trump reignited controversy by suggesting the U.S. acquire Greenland for national security, coinciding with his ambassador nomination to Denmark. This echoes his 2019 attempt, reflecting a long-standing U.S. interest in the strategically located island, with historical precedents for such acquisitions.
US lawmakers are increasingly concerned about the reliance on Chinese-made drones, citing espionage and commercial threats. A potential ban looms, impacting various sectors from farming to law enforcement, as users highlight the superior affordability and performance of Chinese drones compared to American alternatives.
Bharat Global Developers' shares fell 5% after SEBI suspended trading and banned promoters due to concerns over financial disclosures. The companys stock surged 2,304% in a year, with suspicious financial changes and management actions.
In the Indian context, we have had a growth slowdown due to various reasons, tight liquidity followed by various restrictions by the RBI on credit flow which obviously restricts economic growth, then the elections, heatwave, delayed monsoon, so I think there were a lot of factors at play and lower wage growth relative to inflation has also impacted consumer sentiments. Now, some of these things are likely to moderate in 2025.
India ultimately will get its money. We will get the FII flow back into India. But in the near term, US is still better. The yields are much better here. So, we want to see what Trump does. He has spoken a lot. He wants to do a lot of stuff. It is America first.
The global economy faces new challenges in 2025 after a brief post-pandemic recovery. Voter dissatisfaction with the cost of living crisis, potential trade wars under a Trump presidency, and geopolitical conflicts threaten stability. These issues compound existing concerns like climate change and economic stagnation, creating uncertainty for the coming year.
