Daily Market Analysis – 16th June 2021 (Company)
Sona Comstar’s ₹5,550 crore IPO subscribed 27% on day 2. At a price band of ₹285-291, the IPO of the company is roughly valued at 76 times one-year forward earnings, making it one of the most expensive issues to hit the primary market in recent times. Analysts said Sona BLW is a play on the electric vehicle theme. They said while the IPO valuation appears rich but the auto component maker is...
Daily Market Analysis – 4th May 2021 (Cyclical stocks)
Cyclical Sector Cyclical sectors are directly affected by the economic cycle of a country. So when the economy goes up, prices for these cyclical stocks also tend to go up & when the economy turns down, their stocks prices tend to fall. Few examples of these sectors- cement, steel, automobile manufacture, financial services, hotel industry, airlines. Current Economic...
Daily Market Analysis – 11th Jan 2021
Due to the recent changes in the privacy policy of WhatsApp, where Facebook, the parent company can have deeper and granular access to the users’ data, users have shifted to the rival messaging app, Telegram, last week. Some very senior investors, deep-pocketing players in the pipeline, heads of large companies, etc. have also shifted their allegiance to Telegram and Signal for the...
Daily Market Analysis – 9th Dec 2020
Equity markets scaled lifetime highs in November lead by optimism over the COVID-19 vaccine and surging inflows to emerging markets. The mutual funds industry too reached a new milestone with AUM touching Rs. 30 trillion as of November. While this is impressive, equity inflows were disappointing. Investors pulled around Rs 13,004 cr from equity funds in November which is three times higher...
Daily Market Analysis – 20th Nov 2020
The arrival of a prospective Pfizer and BioNtech vaccine might affect the dollar rates negatively. The Dollar is the safe haven for many investors and savers in times of stress will sink down by 3-6 percent as an economic rebound tends to occur. This is because withthe introduction of the vaccine, there will be greater confidence in the global economy encouraging investors to select riskier...