Mumbai: Promoters of more than 200 companies have cumulatively sold stock worth more than ₹33,000 crore in the past two months, suggesting that valuations have become attractive enough for owners to book returns on part of the equity they hold. As the question of stretched valuations continues to swirl through Dalal Street, promoters seem to … Read more
Ever since voting for Lok Sabha elections began on April 19, foreign institutional investors (FIIs) have sold Indian stocks worth around Rs 37,700 crore, translating into an average daily sell-off of Rs 1,800 crore in the last 21 trading sessions. Reflecting the increased nervousness on Dalal Street on the probable outcome of Lok Sabha election, … Read more
Chirag Setalvad, head (equities) at HDFC Asset Management, in an interview with Prashant Mahesh, spoke about Indian equity valuations, investment opportunities, and risks among other issues. Edited excerpts: India’s stock market valuations are considered rich after the near one-way move since Covid. What are your thoughts? Valuations have moved up but they have to be … Read more
Shibani Sircar Kurian, Senior EVP, Sr. Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says “if we look at market valuations, specifically the Nifty, current multiples are slightly above long-term historic average multiples. But it also coincides with earnings growth which continues to remain strong. So, our belief is that if you look at … Read more
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