Currently, the CV industry (Ashok Leyland and TMLCV) trades at a 1-year forward EV/EBITDA of around 12x, while the PV industry trades at 15-17x. HSBC said that historically this valuation gap was justified due to the higher cyclicality and volatile…
As per the order, Newgen will offer its Contract Management platform across the Enterprise, helping users create and manage policy documents. The three-year contract is valued at £1.5 million, according to the exchange filing.
The Sensex target means that the index will have a trailing price-to-earnings multiple of 23.5 times, which is ahead of the historical 25-year index average of 22 times.
The brokerage firm said that WeWork India is the largest flexible workspace operator in India by revenue. With flexible workspace stock growing at a 17% CAGR, nearly twice the pace of traditional office stock, Jefferies believes there is ample room…
At the end of the September quarter, Saif III Mauritius had a 10.76% stake in Paytm, while Saif Partners India IV Ltd. had a 4.57% stake in the company.
Sellers will have a lock-in on sale of further shares for the next 12 months.
The ₹828-crore IPO was open for subscription from November 13-17.
Morgan Stanley said that Eternal’s shares currently have the best risk-reward and that it would use the current weakness to accumulate the stock.
Mphasis promoter Blackstone is likely to sell up to 9.5% of the company’s total equity through block deals in today’s session. The floor price is pegged at ₹2,570 per share, a 4.4% discount to Monday’s closing price.
Against this backdrop, 12 Nifty constituents recorded upgrades of more than 3% in their FY26 earnings-per-share estimates, while 10 companies saw cuts of over 3% in their projections.