Mnc Stocks

For exposure to stable and resilient businesses, bet on MNC funds

MNC funds invest in companies where foreign promoters have more than 50% shareholding

Kotak MF launches MNC fund for investors to access top multinational firms

The fund will invest only in companies listed in India for now but has the mandate to invest in overseas stocks

Enhance portfolio resilience by investing in MNC fund: What is on offer?

These funds, however, tend to underperform when domestic cyclicals do well

MNC stocks in focus: Charts show up to 17% upside in ABB, HUL, SKF India

ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs

Invest in MNC funds for exposure to high-quality businesses: Experts

Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at

MNC stocks ruling the roost since 2008, public sector firms remain laggards

Family-owned units rank second, while public sector firms remain laggards

Vodafone Idea, Britannia: Stocks of MNCs zoom up to 144% in two months

The outperformance of MNCs has seen 19 such stocks grab a spot in the top 100 list of companies by m-cap, compared to 14 firms as on Jan 20, 2020, when the benchmark indices hit their all-time high.

Street signs: Liquidity boost for markets, shares of MNCs, and more

The SBI Cards' IPO closed on March 5, and since then the market has come off 11%

MNC shares in focus; Nestle scales fresh peak, HUL nears record high

SKF India, Abbott India, Britannia Industries, and Castrol India, from the Nifty MNC index were up in the range of 3 per cent to 5 per cent on the NSE.

MNC stocks trading at all-time high valuations, time to stay selective

With half the listed MNC stocks trading near their all-time high valuations, experts say it's time for investors to cherry pick from the lot

With declining return ratios, should you exit your investment in MNC fund?

Returns of MNC funds too have tanked over the past year

MNC stocks lose their premium valuation

There has been a steady decline in the valuation of listed multinational companies (MNCs) in the last two years even as the broader market has become expensive. A typical MNC is now trading at 47.5x its trailing 12 month net profit, down from 51x at the end of 2014-15. In the same period, the price to earnings multiple of the broader market, excluding financial companies and government-owned oil companies, is up from 27x to 30x.Listed MNCs in India continue to be traded at a large premium to their global parents but the premium has shrunk in the last two years as valuations in the global market have grown faster than in India. In the last two years, the price to earnings multiple of global MNCs in our sample is nearly 350 basis points higher. (see chart)Analysts attribute this to the slowdown in India, which has made it tougher for MNC subsidiaries to beat their parents. Maruti Suzuki is an exception that continues to do well despite a tough external environment. "Corporate earnings ..