BNP Paribas

'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu

Baroda BNP Paribas Mutual Fund has garnered more than Rs 1,200 crore during the new fund offer period for its latest multi asset fund. The new fund, which was opened from November 28 to December 12, has mobilised Rs 1,234 crore during the NFO (New Fund Offer) period, the fund house said in a statement on Thursday. This is the second new fund offering by the fund house in the past nine months since the formation of the merged entity in March 2022. Suresh Soni, CEO, Baroda BNP Paribas Asset Management, said the new fund has received wide participation from investors and distribution partners across cities and towns. "This comes on the back of the overwhelming response we received for our flexi cap fund a few months ago." The multi-asset fund is a growing category, even though the existing category's asset under management is relatively modest at Rs 22,361 crore as of November 2022. The new fund invests in a mix of equity, fixed income and gold ETF (Exchange Traded Fund). Equity aims

While input costs have eased, lower volumes could impact margins

BNP Paribas Arbitrage on Tuesday offloaded over 18 lakh shares of IT major Wipro for Rs 73 crore through an open market transaction. BNP Paribas Arbitrage sold 18,00,164 shares of the company at an average price of Rs 405 apiece, according to the block deal data available with the BSE. This took the deal value to Rs 72.90 crore. On Tuesday, Societe Generale picked up the shares of the company. Shares of Wipro closed 0.12 per cent lower at Rs 405.20 per scrip on the BSE.

The price-to-earnings (P/E) for the industrial and consumer staples sectors has more than doubled that of other Asian markets

'Investors are now beginning to understand that on an absolute basis, India is not really that overvalued'

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world

FY22 will be 'year of inflection' for industry; clean energy mobility to help India reduce carbon emissions

BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows

India is not immune to the global economic headwinds though it is better positioned, a senior official of BNP Paribas Securities India Pvt Ltd said on Thursday.

Adani stake is worth Rs 1.01 trillion as of Tuesday

Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.

'Defying global trends, Nifty 50 has outperformed most peers year-to-date and is trading at 19.2 times, 21% above its long-term average, taking the earnings yield-bond yield gap below 2%'

BNP Paribas Arbitrage on Thursday offloaded 4.05 lakh shares of multiplex film exhibition company PVR Ltd for more than Rs 74 crore through an open market transaction. According to bulk deal data available with BSE, BNP Paribas Arbitrage sold 4,05,183 shares of the company. The shares were disposed of at an average price of Rs 1,841.14 apiece, taking the transaction value to Rs 74.59 crore. Shares of PVR Ltd settled 0.64 per cent higher at Rs 1,841.15 on BSE.

"It is encouraging to see nearly $5 billion of FPI inflows this month into India after a long period of sustained outflows", he said

Baroda BNP Paribas Mutual Fund on Thursday said it has collected over Rs 1,400 crore from its flexi-cap scheme during the New Fund Offering (NFO) period. The scheme -- Baroda BNP Paribas Flexi Cap Fund -- is an open-ended dynamic equity scheme investing across large cap, mid cap, small cap companies. NFO was opened from July 25 to August 8, the fund house said in a statement. This is the first new fund offered by Baroda BNP Paribas Asset Management India after the merger of Baroda Asset Management India into BNP Paribas Asset Management India. "Over 42,000 investors from more than 120 cities across India have posed their faith in our very first NFO after the merger... "It is a reflection of not just the synergy and the immense potential offered by this combined entity, but also the trust and confidence shown by our investors and partners in our offerings," Suresh Soni, CEO of Baroda BNP Paribas Asset Management India, said . The fund will re-open for subscriptions by August 24.