Thursday, March 12
Mumbai: Analysts are mixed about recommending retail investors to participate in BHEL's ₹4,422 crore offer for sale (OFS), with views split between caution over valuation and orderbook optimism. Brokerages broadly agree that investors with a medium to long term horizon may find merit in bidding in the share sale. Short term investors, however, are unlikely to see any immediate upside, with the OFS itself not expected to serve as a near term rerating catalyst. The retail tranche of the two day share sale will open for bids on Thursday after the non retail portion was subscribed 2.3 times on Wednesday, the first day of the issue. Bids were placed for more than 22 crore shares against the 9.4 crore on the block, prompting the government to activate the green shoe option. The stock fell 5.6%
Mumbai: Foreign investors accelerated their selling in financial services in the second half of January, offloading ₹5,402 crore after having sold ₹3,190 crore in the first half. For 2025, outflows from the sector stood at ₹14,903 crore. "There are no serious valuation concerns in the financial services sector however, private banks did see some profit-booking as PSU banks outperformed on a relative basis," said Pankaj Pandey, head of Retail Research at ICICI Direct. Overall, overseas investors sold ₹29,056 crore across 15 sectors in the second half of January, shows NSDL data. In the first half, they had withdrawn ₹22,420 crore from 19 sectors. The healthcare sector saw outflows of ₹5,113 crore in the second half of the month. Foreign investors pulled out nearly ₹25,000 cror
