November 22, 2024

Indian equity market

Mcap of 9 of top 10 most valued firms erode by ₹2 lakh crore: Hindustan Unilever, Reliance Industries major laggards | Stock Market News

Mcap of 9 of top 10 most valued firms erode by ₹2 lakh crore: Hindustan Unilever, Reliance Industries major laggards | Stock Market News

TheSpuzz Desk05 mins

Source: Live Mint As the benchmark equity indices continued their losing streak for the fourth consecutive week, nine of the top ten most-valued firms lost a whopping ₹2,09,952.26 crore. Dull quarterly earnings and persistent FII selling added to the woes of investors worried about the bearish stock market. Hindustan Unilever and Reliance Industries Limited were…

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Several PSUs trade at extremely high market caps relative to their profits, net worth or assets: Kotak report | Stock Market News

Several PSUs trade at extremely high market caps relative to their profits, net worth or assets: Kotak report | Stock Market News

TheSpuzz Desk04 mins

Source: Live Mint The Indian equity markets have experienced a recent pullback following a record-breaking rally. In a recent note, analysts at Kotak Institutional Equities highlighted that investors seem to be overlooking concerns about high valuations. They believe that the pursuit of returns has outweighed the fear of risks, whether apparent or hidden. The brokerage…

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