Dayanand Mittal, Oil & Gas, Telecom Research Analyst, JM Financial Institutional Securities said he remains negative on CNG-focused city gas companies because the decline in APM gas allocation continues to pressure volumes and margins. MGL is rated “add” mainly on…
UBS said IDFC First Bank trades at 1.4 times its estimated price-to-book ratio for FY27, which is a 7% discount to Axis Bank. This seems “rich” when compared to peers with better RoE profiles, UBS said.
Global ETFs listed in India are trading at steep premiums as limited supply and strong demand distort prices. With new unit creation halted, investors risk lower future returns when premiums eventually correct toward NAV.
IIFL Finance is of the view that the company is evolving from a largely fabric-centric player into a value-added, vertically integrated textile and advanced materials (AMD) firm.
Geoffrey Dennis, Independent Emerging Markets Commentator said his long-term positive view on India and said foreign investor flows may gradually improve. China’s recent market pullback, weak consumer spending and property pressures may redirect capital toward India, he noted.
Citi’s optimistic view is largely predicated on an anticipated sharp recovery in net flows, which are crucial for 360 ONE WAM’s growth trajectory.
Spot gold rose 0.2% to $4,074 per ounce by 0449 GMT, while US futures posted similar gains. In India, 24-karat gold traded at ₹12,486 per gram, with domestic prices showing only marginal recent declines.
The IPO was entirely an offer for sale by promoter Tenneco Mauritius Holdings, meaning that Tenneco Clean Air India will not receive any proceeds from the issue.
At the interbank foreign exchange market, the rupee opened at 88.57 and gained further to trade at 88.51 against the greenback in initial deals, up 9 paise from its previous closing level.
The next major trigger for Groww is on Friday, November 21, when the company will be disclosing its results for the quarter, which will be the first for the company after its listing last week.