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.
Kenneth Andrade shares his investment strategy, revealing why he is steering clear of banks and financials while focusing on power and pharma stocks.
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Netflix has revealed the first look of actor Fardeen Khan from the upcoming period drama series ‘Heeramandi: The Diamond Bazaar’. The show, which marks filmmaker Sanjay Leela Bhansali’s debut in the OTT space, also unveiled character posters of Shekhar Suman, Adhyayan Suman, and Taha Shah. Set during the freedom struggle movement in India, ‘Heeramandi’ explores love, power, revenge, and freedom.
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This article delves into the reasons why people are constantly preoccupied with money and the desire for power. It examines how money represents power and security for the future, and how it can be seen as a symbol of emptiness that individuals try to fill. The article also introduces the concept of meditation as a means to explore and embrace inner emptiness without the need for external validation or accumulation of wealth.
Six asset reconstruction companies, including Aditya Birla and Kotak Mahindra-backed ARCs, have accumulated 55% of KSK Mahanadi Power’s ₹29,330-crore debt from lenders in separate transactions, shows disclosure made by the stressed thermal power company’s resolution professional. The ARCs brought over ₹16,168 crore in loans in the hope that there would be demand for thermal power companies, giving them a huge upside, while lenders have exited due to over a four-year delay in its debt resolution.
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Polish opposition leader Donald Tusk is leading a march in Warsaw to mobilise supporters and boost the chances of unseating the conservative government in upcoming parliamentary elections. Thousands of supporters are expected to participate in the march, with rallies also planned in other cities. Tusk, a former prime minister and European Union leader, aims to reverse what many view as a degradation of fundamental rights and ties with European partners under the ruling Law and Justice party’s eight years of rule.
The Indian market ended in the red for the second day in a row as the S&P BSE Sensex dropped by more than 200 points. The Nifty50 closed below the 19400 level. While power, utilities, FMCG, and some infra stocks witnessed buying, IT stocks experienced selling pressure.
