Dare to buy these 8 multibagger stocks trading above 100 PE multiples?

Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more

SIP: Record additions of new SIPs give local funds added muscle

Robust flows have allowed domestic institutional investors to own 16.05% of NSE market capitalisation at the end of the March quarter, reflecting market share gains of a fifth of one percentage point. Synopsis Registration of gross SIP accounts, the preferred route for small investors to invest in equities, rose to a record of 6.36 million … Read more

NSE: NSE stock soars 25% in unlisted market post 4:1 bonus issue

Mumbai: Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range. At ₹5,500, NSE is valued … Read more

PSU stocks: Government gains PSU muscle as stocks climb peaks

Mumbai: State ownership in listed firms, in terms of the value of shares held, surged to a seven-year high of 10.38% of total market capitalisation as of March 31, driven by a robust rally in several public sector unit (PSU) stocks. The value had touched a high of 22% of total market capitalisation of listed … Read more

ICICI Bank: ICICI Bank m-cap tops Rs 8 lakh crore, cuts its value gap with HDFC to half

Mumbai: With the market capitalisation of ICICI Bank crossing ₹8 lakh crore for the first time on Monday, the gap in market value between the two major private sector lenders, HDFC and ICICI, has nearly halved since July. Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was … Read more

Q4 performance: Banks, finance companies show strong momentum in early Q4 results

Synopsis March 2024 quarter results reveal robust revenue and profit growth, particularly driven by banking and finance companies. Varied performance noted across different sectors, with expectations exceeded in some areas. ​In the coming weeks, as more companies from diverse sectors declare results, the dominance of select sectors and companies will reduce and trend in aggregate … Read more

Vodafone Idea: Voda Idea FPO shares list much above offer price

Mumbai: Shares offered in the Vodafone Idea follow on public offer (FPO) listed at ₹11.8 apiece on the NSE on Thursday, about 7.3% above the FPO price of ₹11. The shares were listed at ₹12 on BSE and closed at ₹13.8, after a gain of 5.3%. Thursday was also the day when the highest ever … Read more

Nifty 500: Nifty 500: Get diversification with better returns vs Nifty

Mumbai: Financial planners have started recommending Motilal Oswal Mutual Fund’s Nifty 500 Index Fund to clients who want to keep their equity portfolio simple with fewer schemes. Nifty 500 finds favour as it covers 91% of India’s market capitalisation, compared to the Nifty 50, which is primarily large cap-oriented and covers just 50% market-cap. “Nifty … Read more

Tata boom! Love-all-things-Tata portfolio soars by over Rs 9 lakh crore in FY24

Dalal Street’s love for all-things-Tata got deeper in FY24 with 9 stocks, including the newly-listed Tata Technologies, giving multibagger returns up to 257%. Even the worst performing Tata stock gave 11% return. The combined market capitalisation of all Tata stocks (excluding Tata Tech) rose by Rs 9.15 lakh crore to Rs 29.62 lakh crore. This … Read more

bitcoin: Soaring Bitcoin set for sharpest monthly jump since 2020

SINGAPORE – Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high … Read more