Dipen Shah of Kotak Securities said that while the valuation multiples of mid-cap technology firms have fallen, those of the large-cap IT firms have also come off.
Commenting on SBI's sale of 3.9% stake in its life insurance venture SBI Life to private equity firms KKR and Temasek.
Recently, Sun Pharma announced that the US Food and Drug Administration had inspected the formulation facility between November 17 and December 1 and issued a Form 483.
Non performing loans will likely rise as the company aligns norms to 90 days’ overdue.
Foreign investors sold stocks worth Rs 17,700 crore in November -the highest monthly outflow ever -and Rs 5,000 crore in October.
Analysts said Sun TV shares had tripled during DMK's rule between 2006 and 2011. During AIADMK's rule since May 2011, the stock has risen by about Rs 100 from Rs 395 to Rs 493 cumulatively .
The lending business now accounts for 50-70% of the revenues of non-banking financial services (NBFCs). Earlier, most of their revenues came from broking.
If you have 80-85% of the currency in circulation out for maybe a period of five to seven months, the pain can be much longer than we anticipated, said Bhartia.
The biggest uncertainty for Titan is on the GST rate as a rate beyond 3-5% would be negative.
The week ended Friday saw benchmark indices Nifty and Sensex losing 0.3% each. Foreign Portfolio Investors net sold nearly Rs 3,000 crore worth of shares.
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