Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer … Read more
“It is important to preserve what we have made. Last two-three years the returns have been very-very good. So, maybe a little more prudent and balanced approach will ensure that we preserve these returns,” says Gurmeet Chadha, Complete Circle Consultants.Not pure play commodities, but commodity stocks definitely, and in particular metals after China talking about … Read more
Domestic markets continued their record-breaking run even in the month of August, but the gains were steady with Sensex gaining close to 1%. The rally was also broad-based with the smallcaps outperforming the benchmark as the BSE smallcap index was up around 1.25% during the month. This was reflected in the gains of the broader … Read more
Dinshaw Irani, CEO, Helios MF, says in the case of India, the real interest rates have been very high all along and that is why we always believe that the private sector, given the paucity of demand and the fact that the real interest rates are so high, will not undertake capex at this point. … Read more
Chinese multinational technology conglomerate Tencent is likely to sell a 2.1% stake in PB Fintech via block deal at an estimated price of Rs 1,610 crore. The floor price for the issue is expected at Rs 1,660.2 per share, which is at a discount of 4.4% over Wednesday’s closing price of Rs 1737.10. The news … Read more
At a time when the larger fintech industry is grappling with issues around stagnating private market valuation and a slowdown in venture funding, the stock price of insurance marketplace Policybazaar’s parent has been on a tear. At close of trading Monday, PB Fintech had a market capitalisation of $9.8 billion. Its stock price has crossed … Read more
Indian markets traded in consolidation mode this week despite the initial caution around the Hindenburg-Adani saga. However, positive global cues, including better US retail sales data and the decline in weekly jobless claims, helped the Sensex gain nearly 1%. During the week, about 43 stocks delivered double-digit weekly returns with three of them gaining over … Read more
Indian markets traded volatile after Monday’s decline and settled marginally lower on Tuesday amid mixed signals. In today’s trade, shares of Pidilite, Godrej Consumer, PB Fintech, Gland Pharma, Tata Power among others will be in focus due to various news developments and first quarter results. Pidilite, Godrej Consumer, NHPC, BSE, ABFRL Shares of Pidilite, Godrej … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
Mumbai: Global index services provider MSCI has included 13 Indian stocks in its Global Standard Index and removed three. That takes the total count of domestic stocks on the MSCI indices to 146, up from 136. The change is scheduled for May 31 and India could potentially witness an inflow of $2.5 billion from global … Read more
