Bata India’s Q1 is muted, stock still below pre-covid highs

Bata India’s Q1 is muted, stock still below pre-covid highs

At first glance, it seemed like ITC Ltd made all the right noises in its 110th annual general meeting (AGM) on Wednesday. Here is a sample of the post-AGM news headlines: ‘ITC to launch super app this year’, ‘ITC to explore inorganic opportunities’ and ‘ITC may demerge hotels business, list IT arm’. Talk of any […]

Newly listed US stocks catch the fancy of Indians

Newly listed US stocks catch the fancy of Indians

Mumbai: New listings on Wall Street are appealing to Indian investors. Robinhood, the largest retail brokerage in the US, made its debut on Wall Street late last month and quickly became the talking point of various Reddit groups in India. It had a tepid start but last week the stock made a comeback, rallying 60%. […]

A week of record highs. Is Nifty expensive at 16,000?

A week of record highs. Is Nifty expensive at 16,000?

After two-months of time correction, Indian markets marched to new lifetime highs along with robust global equities which further bolstered domestic optimism. With the benchmark index surpassing 16,000 this week, the question remains, “What next?” Nifty50’s average PE stands at 22.39x and it reached a historic high of 42x in February 2021 when markets attempted […]