If the past is any guide, this could well be the time for them to increase exposure to technology, FMCG, pharma and auto stocks.
The base block deal size will be to sell 7 per cent of the company’s equity worth $191 million.
Headwinds for export-oriented auto ancillaries like Bharat Forge and Motherson Sumi refuse to abate due to falling vehicle demand in developed countries.
Investor interest in Mahindra & Mahindra, Escorts and VST Tillers has led these stocks to outperform benchmark indices in the past three months.
While the stock would trade at a premium valuation given its sales, the extent of premium may shrink.
The amendment in the tax treaty with Mauritius will result in the similar tax treatment of capital gains for both domestic and overseas investors.
The Street’s focus is gradually shifting from concerns of muted internal rate of return (IRR) of Reliance Jio to what will be the minimum benchmark for its success.
Coimbatore-based LG Balakrishnan & Bros, which supplies transmission chain to motorcycle makers, is likely to witness more certainty to its projected double-digit earnings growth.
The open interest in Cairn India futures increased 47% to 1.22 crore shares on May 2 as compared with 0.83 crore on April 27.
Analysts expect nearly 30-35% volume growth in the segment on account of the market share gain from Victor.
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