 |
|
|
|||||
Mayur Patel of 360 ONE Asset Management sees improving structural drivers in financials, telecom, commercial vehicles, and integrated solar manufacturing, which are not fully valued for their medium-long term earnings. He highlights easing liquidity, trade deal benefits, and potential for revived foreign flows, while cautioning on AI disruption in IT services and rich valuations in FMCG and Defence.
Category:
News and Media
Manilam Industries is set to list on the NSE SME platform on February 27. The IPO closed on February 24 and was subscribed 6.25 times overall. The company plans to use the funds for equipment, solar panels, loan repayment, and working capital. Manilam Industries manufactures decorative laminates and trades in plywood.
Category:
News and Media
Asian stocks saw a slight dip from their peak levels. This followed a downturn in Wall Street markets. Investor sentiment was impacted by a subdued response to Nvidia's earnings report. Despite this, Asian equities continue to outperform global benchmarks this year. Investors are focusing on companies involved in the artificial intelligence supply chain.
Category:
News and Media
The Securities and Exchange Board of India (Sebi) has revamped mutual fund scheme classifications, mandating uniform naming conventions and eliminating the solution-oriented category. New rules also cap portfolio overlaps for thematic equity funds, potentially leading to consolidation and impacting arbitrage fund returns. These changes aim for investor clarity and scheme uniformity.
Category:
News and Media
The National Stock Exchange has invited 15 investment bankers to pitch for managing its upcoming IPO, with JPMorgan Chase and Kotak Mahindra Capital among those in contention. The exchange is expected to file its draft red herring prospectus in April, with existing shareholders likely to offload 4-4.5% of equity. This move follows SEBI's no-objection certificate, ending a decade-long regulatory hurdle.
Category:
News and Media