If the price-earnings (p/e) ratios of their portfolios are anything to go by, domestic fund managers are betting on bigger growth in earnings than what the market can generate on an average.
While the macroeconomic parameters remain weak, we believe the worst is behind us. The markets remain largely driven by liquidity
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
Second in a three-part series of a journey to the island nation.
The Indian Air Force has evacuated over 400 flood-affected people across Assam in the past 20 days as relief helicopters and transport planes are on round-the-clock standby. Air Commodore P E Patange of the Eastern Air Command said besides airlifting 400 marooned persons from various parts of the state, the IAF also airlifted dozens of tonnes of relief material for distribution.
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
'The velocity of the market correction in September was so fierce that 9 stocks declined for every one that advanced,' reveals Samie Modak.
All sectors are expected to deliver positive growth, with huge positive growth swings in pharma, telecom, infrastructure, real estate, metals and auto.
The Bombay Stock Exchange benchmark Sensex has declined 17 per cent in this calendar year and has underperformed the US and European markets.
The benchmark Sensex companies' underlying earnings per share are down 3 per cent (on a cumulative basis) since January 2015, against 25 per cent rise in the index value during the period
The actress was the cynosure of all eyes at Elle Graduates 2017.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange
'People always short-change the resilience of the economy.'
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
During uncertain times investors flock to pharmaceutical stocks. Here's how to evaluate them.
Indian companies typically have higher return on equity.
Longest period of price-earnings expansion in the index since 1996
Sensex is now as expensive as in early 2008
Sensex and Nifty have been volatile in the past one year on domestic and global worries.
This year was the best since 1991, with benchmark indices rising over 100 per cent from their March lows.
These are old nuggets which have been dished in the past. repeating them and frankly do not care if you do follow or not.
Mohnish Pabrai whose company handles funds to the tune of $464 mn spoke at length about his investment decisions in Mumbai
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
While few doubt stocks here are quoting at price-earnings ratios which are higher than those in peer countries, India's growth prospects are the key differentiator.
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
An index P/E of 23 implies that the market is already discounting EPS growth at 20% or more, says Devangshu Datta.
Asian countries (ex-Japan) including India and China, are now the most expensive region in the world as strong inflows into Asian funds are stretching valuations, according to analysts. Yet, Asian equities continue to attract big money. The region is trading at 29 per cent premium against the developed world and 14 per cent against global emerging markets (GEM) on price to earnings (P/E) multiple, said a report by the Citigroup.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Price to book value is a ratio tha helps an investor find out if a stock is under valued or over valued. When used in conjunction with the PE ratio, it can help investors identify stocks that can make them rich.
Of the roughly 200 stocks that are traded in both the spot and futures markets on the major exchanges in Mumbai, 40 have a price-earnings ratio of more than 40.
Clearly then, when buying a share, we should calculate whether its price is justified by what the company will earn in the future.
Investors are willing to bank on growth and value shares at higher multiples
Having cut eight deals last year, the $1.3 billion pharma major Ranbaxy probably has the sharpest negotiating skills in the business.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Higher growth justifies current run-up, say experts.