Monday, September 28
The past month has been a testament to the resilience and potential of India’s economic landscape. Despite global headwinds and cross-border tensions, May witnessed a swift recovery in Indian equity markets. As largecap benchmark indices remained range-bound, the real momentum has been building up at the bottom of the market cap pyramid, where smallcaps are shaping up as compelling opportunities for investors looking to build a long-term portfolio. As the Q4 earnings season comes to a close, pockets of opportunities are emerging in the small-cap segment. In FY25, 74% of the top 250 small-cap companies reported a Return on Capital Employed (ROCE) in double digits, indicating sound business fundamentals and improving operational efficiency. From a valuation standpoint, the current market v
Morgan Stanley, Citigroup Global Markets Singapore and six other entities on Thursday bought a 1.6 per cent stake in logistics solution provider Delhivery for Rs 461 crore through open market transactions.Besides, HDFC Mutual Fund (MF), Axis MF, Tata MF, ASK Asset & Wealth Management, Hill Fort Capital and Hong-Kong-based investment manager Viridian AM purchased shares of the Gurugram-based Delhivery, as per the block deal on the NSE. The entities picked up over 1.19 crore equity shares or 1.6 per cent stake in the company at an average price of Rs 387, taking the combined value to Rs 461 crore.Meanwhile, venture capital firm Nexus Venture Partners, through its affiliates Nexus Opportunity Fund and Nexus Ventures III, offloaded an equal number of shares at the same price.In the March q
Nvidia's stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia's stock market value to $3.76 trillion, overtaking Microsoft, which was last valued at $3.65 trillion following a 0.2% increase in its stock. Fueling Nvidia's latest rally, Loop Capital lifted its price target for the designer of high-end AI processors to $250 from $175, while maintaining its "buy" rating. "Our work suggests we are entering the next 'Golden Wave' of Gen AI adoption and NVDA is at the front-end of another material leg of stronger than anticipated
