The sharp selloff was triggered after Honasa posted its first quarterly loss since listing in Nov. 2023 late on Thursday
BS BFSI Summit: There is limited room for PE multiples to move up and return expectations going ahead have to be moderate, analysts said at the Business Standard BFSI Insight Summit
Trump Media & Technology Group now holds a valuation exceeding $10 billion, with its stock more than quadrupling since late September
X is currently worth around $9.4 billion, a fraction of the price Elon Musk paid to acquire the company
The National Company Law Tribunal has dismissed the petition by Philips India to buy out the remaining 3.87 per cent from its minority shareholders, observing a "huge difference" between values determined by the company-appointed valuer and its minority investors. The Kolkata bench of NCLT though agreed with the "discounted cash flow method" adopted by the valuers appointed by Philips India and its minority shareholders but pointed out a "huge difference" between the price of the share determined by them. "While petitioner (Philips India) appointed valuer has valued it at Rs 740 per share, the respondent (minority shareholders) appointed valuer has valued in excess of Rs 4,500, by suggesting a range between Rs 4,605 to Rs 6,119," it said. The tribunal suggested that the situation may require a direction to the registered valuer to disclose the parameters factored while determining the price under the discounted cash flow method to reconcile two vastly different prices determined by
Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains
The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.
Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said. Moreover, to fund its growth plans, the Indore-based company has plans to raise 90 crore by divesting 10 per cent equity at a valuation of Rs 900 crore, he added. Besides, the bootstrap startup firm also plans to get listed on the stock exchange in the next three years, Mirchandani said. "We are diluting 10 per cent stake in the company through a VC. We are bringing Rs 90 crore which will be primarily invested this year to make sure that we are touching around Rs 400 crore to Rs 450 crore turnover by the next financial year," Mirchandani told PTI. Candytoy Corporate Pvt Ltd (CTC) had a turnover of around Rs 250 crore in FY 2023-24. "Now with 30 per cent y-o-y growth in orders for the last two years, we see t
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, the BSE benchmark jumped 649.37 points or 0.80 per cent. The market capitalisation (Mcap) of Reliance Industries surged by Rs 29,634.27 crore to Rs 20,29,710.68 crore. The valuation of TCS jumped Rs 17,167.83 crore to Rs 16,15,114.27 crore and that of Hindustan Unilever by Rs 15,225.36 crore to Rs 6,61,151.49 crore. The Mcap of Bharti Airtel rallied by Rs 12,268.39 crore to Rs 8,57,392.26 crore and that of ICICI Bank by Rs 11,524.92 crore to Rs 8,47,640.11 crore. ITC soared Rs 3,965.14 crore to Rs 6,32,364.24 crore, while State Bank of India added Rs 2,498.89 crore to Rs 7,27,578.99 crore. In addition, the valuation of Life Insurance Corporation of India jumped
The chipmaker's shares have surged 17 per cent in the past four sessions, adding nearly $424 billion in market value to one of the biggest companies in the world
Valuations are reasonable and the outlook is improving in IT, BFSI and FMCG. Defence, engineering and power are clearly overpriced and some profits can be taken, Nischal Maheshwari of Centrum said
The value of new business (VNB) of HDFC Life increased 18 per cent year-on-year to Rs 748 crore in Q1FY25 against Rs 610 crore in the corresponding period a year ago
Analysts say this year's sell-downs by promoters as well as private equity (PE) firms were underpinned by a 'benign exit environment' and were across sectors
India remains a prized long-term bet, but investors are hesitant due to concerns over valuation
Valuations in most parts of the Indian stock market, analysts said, are expensive with the extent of overvaluation increasing in inverse order of market-cap, quality, and risk
Enters exclusive club in less than 6 months after surpassing $4 trn mark
Instead of a single-day market cap, the rankings will now be based on the average market cap for six months
Among BSE 500 stocks, Max Financial Services, Eris Lifescience, Ashok Leyland, Jubilant Foodworks and Lloyd Metals saw an increase in promoter pledges
The combined market valuation of six of the top-10 most valued firms declined by Rs 68,417.14 crore in a holiday-shortened last week, with Bharti Airtel and Reliance Industries taking the biggest hit. While Reliance Industries, Bharti Airtel, Life Insurance Corporation of India (LIC), Infosys, ITC and Hindustan Unilever were the laggards, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India emerged as the gainers. Last week, the BSE benchmark climbed 147.99 points or 0.20 per cent. Domestic equity markets were closed on Wednesday on account of Maharashtra Day. The market capitalisation (mcap) of Bharti Airtel fell by Rs 27,635.65 crore to Rs 7,23,770.70 crore. The valuation of Reliance Industries declined by Rs 23,341.56 crore to Rs 19,40,738.40 crore. The mcap of LIC dropped by Rs 5,724.13 crore to Rs 6,19,217.27 crore, and that of Infosys went lower by Rs 5,686.69 crore to Rs 5,87,949.62 crore. ITC's valuation eroded by Rs 4,619.35 crore to Rs 5,44,64
The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%