Companies had raised around 285.5 billion rupees ($3.43 billion) until Oct. 29, the lowest since September 2018, and well below the 729.5 billion rupees in the previous month, data from Prime Database showed.
Ranging from high valuation to event risks in the current quarter in terms of state elections, the global issues, both geo- political tension and high probability of hike in US interest rates. These all things were being ignored by the markets as the liquidity was ensuring that markets move upward very sharply. Finally, markets are waking up to some reality, there is a very likelihood that as adjustment of the global flows continues to happen, we might have more volatile movement. During this phase, if one is looking for investing, it might be better to stick with large caps as they would be better placed weather the volatility. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. PEG ratio is much better compared to the commonly used P/E ratio. It helps in avoiding stocks which might appear cheap but actually are not value buys. Especially in sectors like banking and metal where the operating matrix is very different from the manufacturing sector.
Revenue came in at Rs 8,905.4 crore, up 8.2% year on year, which beat estimates. The company created from the merger of erstwhile Larsen and Toubro Infotech and Mindtree Technologies started operating as a merged entity in December 2022.
NSE index gained 0.39 per cent, whereas BSE Sensex gained 0.39 per cent after a drop in oil prices and PSU rally, , stockmarkets, nifty, sensex, Intraday, investment, insurance company, POWERGRID, tata motors, larsen and toubro, bajaj finance, quarterly results