Valuation of PSU stocks has become less attractive, says Akhil Kalluri of Franklin Templeton. The rally in small caps can be attributed to retail liquidity and the deployment of excess cash. Kalluri discusses the valuation risk in the broader market and the March quarter earnings. He also comments on the possibility of a re-rating if BJP comes back to power. Kalluri highlights power, defence, and capex as hot investment themes. He further mentions the future prospects of financial giants and suggests an ideal asset allocation strategy with a long holding period.
Markets took a breather after the recent surge and ended marginally higher on Wednesday. Shares of Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank among others will be in focus due to various related developments or quarterly earnings. Read more.
Get the latest share prices of top companies in India, including Apollo Hospitals Enterprise, Nestle India, SBI Life Insurance Company, Cipla, and more. Stay informed about the stock market and make smart investment decisions. Read more to get detailed information about their share prices.
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Equity indices recorded sharp gains and then declined due to profit booking in select heavyweight stocks. Sensex fell 801 points to settle at 71,139 and the Nifty declined 215 points to 21,522. Stocks in focus included names like Bajaj Finance. Read more on Economic Times.
Benchmark indices gained nearly 2% on Monday, led by heavyweight RIL having its best day in years. The firm trend in Asian markets also helped sustain the upward momentum. Analysts said the stability in banking combined with buoyancy on the global front is aiding recovery however the upside seems capped citing multiple hurdles.
Equity benchmark indices open positively with Sensex rising 250 points, driven by financial stocks. The BSE Sensex and Nifty climb, but HUL and Reliance Industries shares suffer from their December quarter results. Most financial stocks perform well, while global oil benchmark Brent crude declines. Domestic equity markets are predicted to have subdued activity, with normal trading sessions announced on Saturday.
Stay updated with the Bajaj Finance Stock Liveblog and explore the latest updates on Bajaj Finance stock, including the current price, market capitalization, volume, price-to-earnings ratio, and earnings per share. Our liveblog offers a comprehensive overview of Bajaj Finance’s performance and provides expert analysis to help you make informed decisions. Join us to explore the exciting potential of Bajaj Finance.
Indian non-bank lender Bajaj Finance plans to raise up to 100 billion rupees ($1.20 billion) by issuing shares and warrants. The move comes at a time of increased demand for loans and competition in the sector, with the entry of Jio Financial Services. Other companies, including Tata Capital and Aditya Birla Capital, are also looking to raise fresh funds. Bajaj Finance last raised funds through a qualified institutional placement in 2019.
Indian equity indices opened higher for the second straight session on Thursday led by L&T, HDFC Bank and Reliance Industries. The S&P BSE Sensex was trading 145 points or 0.22% higher at 66,264. Nifty50 was trading at 19,755, up 39 points or 0.20% at around 9.16 a.m. Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar.
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Based on the Stochastic Oscillator, Bajaj Finance is identified as one of the 5 Nifty largecaps in the overbought zone. The Stochastic Oscillator is used to generate overbought and oversold trading signals, as well as predict price trends and reversals. Learn more about the purpose and understanding of the Stochastic Oscillator.
