Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, advises being selective in the IT sector and emphasizes the importance of investing in new age stocks. He highlights the potential of consumer stocks, including Paytm, Zomato, and PolicyBazaar. Chadha also discusses the positive outlook for real estate players like DLF and recommends focusing on companies in the building material sector. Additionally, he shares his views on the Indian IT industry and the future potential of the Nifty index.
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Ratnaveer Precision Engineering’s initial public offer has been oversubscribed by 21.8 times. The IPO, which includes a fresh issue and offer for sale, is set to close on Wednesday. The company specializes in the production of stainless steel products and plans to expand its product line. Ratnaveer has reported a total income of Rs 481 crore and a profit after tax of Rs 25 crore in the last fiscal year. The IPO is being managed by Unistone Capital.
JM Financial predicts that the Nifty may see a gain of about 1,000 points in September, with a target of 20,432. This implies a 4.6% upside for the index. The brokerage also identified PNB Bank and Hindalco as potential beneficiaries of the market rally.
Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer’s initial public offering. SoftBank Group Corp, which owns Britain-based Arm, is targeting a valuation between $50 billion and $55 billion. Arm’s clients have agreed to invest in that valuation range, the sources said.
Alternative asset manager, Modulus Alternatives, has committed Rs 150 crore to listed auto components maker Shivam Autotech through a combination of debt and equity, marking the first investment from its new private credit fund.
Senior officials of India and the UK will begin the 13th round of negotiations for the proposed free trade agreement, as both countries are committed to concluding the talks as early as possible. The bilateral trade between the two countries increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22.
Amit Dixit shares his expert insights and top 3 stock picks in the metal industry, emphasizing the importance of steel companies expanding their capacity for growth.
Financial expert Chakri Lokapriya predicts that ICICI and Axis bank stocks have the potential to offer a 25% return in the next year.
G20 economies must invest $35 trillion this decade to achieve net zero greenhouse gas emissions by 2050, according to McKinsey. CO2 emissions need to decrease by almost 50% by 2030. Business-led innovations and public-private collaboration are key to meeting sustainability goals. New incentives, policy changes, and technology advancements can help bridge the investment gap. High growth opportunities in sectors like healthcare and renewables can fuel economic growth.
