Sunday, September 06
India stands on the brink of a rare opportunity. With more IPOs than any country in the world last year and a vibrant base of domestic investors, the country now has the foundations to become Asia’s preferred listing destination for fast-growing companies. The momentum is real. But the moment is delicate. India does not need sweeping reinvention; it needs refinement. And as history shows from the development of the New York Stock Exchange and U.S. capital markets over the last century, such refinement—done patiently and consistently—can transform a promising marketplace into a global centre of public capital.In the early 1900s, the United States was not yet the world’s financial epicentre. Its markets were fragmented, governance was inconsistent, and investor trust was fragile. The
Markets may have weathered a key Nvidia earnings test but the ability of big tech to move sentiment across markets on a dime will continue to preoccupy investors as lofty valuations persist.AI darling Nvidia on Wednesday surprised Wall Street with accelerating growth after several quarters of slowing sales and a fourth-quarter forecast that exceeded expectations.While the relief across world stocks was evident on Thursday, even Nvidia's upbeat results were unlikely to dispel concern around a fall back to earth for highly-valued tech stocks, amid lingering concerns about whether AI spending will pay off.Global stocks have dropped almost 3% this month, set for their biggest monthly fall since March, in part driven by concerns that a rally in tech shares has gone too far, too fast."The concer
IMAX sees India entering a high-growth phase over the next two to three years, with momentum expected to build through 2025 as the company rolls out a larger slate and expands its national footprint amid rising demand for premium moviegoing. Despite being IMAX’s seventh-largest market worldwide, India remains significantly underpenetrated, a senior company official said.Giovanni Dolci, Chief Commercial Officer at IMAX Corporation, said the company’s growth in India is being driven by structural improvements and scale. “We have actually increased our footprint by almost 60% since 2020,” he said, adding that IMAX has entered what he described as a “multiplier effect” in the country. “Once you reach a critical scale, things can only get better and better. And we feel we are at t
After a sharp surge of over 90% in a post-listing frenzy, shares of Groww slipped as much as 9% lower to their day’s low of Rs 154 on the BSE on Thursday as investors continued to book profits amid stretched valuations and traders continued to short the debutant. With today’s fall, the stock is down 18% in just 2 sessions.Groww is already valued at about 34 to 44x FY25 earnings, which is a clear premium to Angel One at 20x and Anand Rathi at 25x. With the market capitalization now above Rs 1 lakh crore compared with around Rs 61,000 crore during the IPO, the valuation gap has widened sharply. Ishan Tanna of Ashika Institutional Equity Research told The Economic Times earlier that the stock does look stretched. He points out that when peers like Angel One at Rs 25,000 crore and Motilal
