Stocks in focus: The GIFT Nifty was 0.34% lower during Friday’s early trading session at 19,317, indicating an opening in the red for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, domestic benchmarks NSE Nifty 50 and BSE Sensex ended in negative territory. The Sensex closed down by 0.6% at 65,151.02, while the […]
Day: May 6, 2024
EMS IPO opens for subscription, GMP up 56%; should you subscribe to the issue?EMS IPO opens for subscription, GMP up 56%; should you subscribe to the issue?
EMS IPO: EMS IPO opens for public subscription on Friday, 8 September, and will close on Tuesday, 12 September. The bidding for anchor investors concluded on Thursday, wherein the company collected Rs 95.37 crore. The price band for its public issue at Rs 200-211 per equity share of face value Rs 10 each. At the […]
Fund managers shrug off soaring valuationsFund managers shrug off soaring valuations
Supported by strong economy and a universe of fast-growing companies, India is now the most expensive market among its peers. While the Nifty trades at a price to earnings (P/E) multiple of around 21 times on estimated current earnings, South Korea trades at 14.75 times, China (11.3 times), Malaysia (14.55 times) and Taiwan at 18.1 […]