As capital markets go beyond liquidity support from central banks, investor focus is shifting towards growth revisions.
The report said in July credit card spends have gone up 19% (month-on-month) to Rs 74,900 crore, which is the highest in two years.
Fabindia may sell 25-30% stake via its IPO. PremjiInvest, Lighthouse Funds, Kotak Securities, Nandan & Rohini Nilekani are some of its shareholders.
Nifty 50 index is currently trading at relatively reasonable valuations on P/B basis at 3.6x, 0.77 standard deviation above long term averages.
Low mortgage rates, stable property prices & robust hiring outlook is expected to support residential housing demand
From its privatisation programme in the current fiscal year, the government is planning to raise Rs 1.75 trillion
A temporary breather after ~8% rally over the past four weeks would present an incremental buying opportunity to build a quality portfolio.
ICICI Securities said that the ratio of cash flow to capex for India Inc has reached a two-decade high level of 2.2 times
FMCG stocks performance: In terms of sales and EBITDA, HUL's headline numbers have benefited from its merger with GSK.
ICICI Securities sees 46% and 33% annualised revenue growth over the next 5 and 10 years.