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Source: Live Mint Indian markets scaled a fresh all-time high for the sixth consecutive session on Thursday, September 26, driven by positive global sentiment and robust domestic inflows. During today’s intra-day trading, the Nifty climbed 84 points to hit a new peak of 26,087, while the Sensex surged 293 points to a record high of…
Source: Live Mint Responsive Industries announced that it anticipated substantial growth following a major government infrastructure initiative. Moreover, brokerage house Ventura Securities has initiated coverage with a buy call on the mid-cap stock with a target price of ₹436, implying an upside potential of 48 per cent in the next two years. Exchange Filing Responsive…
Source: Live Mint The home decor sector is not in its top form. General election, heatwaves and volatility in raw material prices hit demand for building material products leading to a muted start to FY25. The industry’s performance in the June quarter (Q1FY25) was a mixed bag. Plastic pipe manufacturers fared well, with aggregate Ebitda…
Source: Live Mint Krishnan VR, Chief of Quantitative Research team at Marcellus, believes that valuations of Indian markets are clearly quite extended both compared to history and across various sectors and stocks. However, he opined that as long as mid- and small-cap stocks deliver on expected earnings growth, there won’t be any valuation derating. He…
