Equity Earnings

This is the first quarter where the food aggregator crossed the billion-dollar mark in annualized revenue, Zomato revealed

Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep Bhardwaj of IIFL Securities.

State-owned Union Bank of India (UBI) on Thursday said its board of directors has approved raising up to Rs 8,100 crore by issuing equity shares through various modes. The board of directors, in its meeting held on May 26, considered and approved raising of equity capital not exceeding Rs 3,800 crore, within the overall limit of Rs 8,100 crore, the bank said in a regulatory filing. Besides, the lender got the approval for raising of additional tier I (AT I) and/or tier II bonds not exceeding Rs 4,300 crore within the overall limit of Rs 8,100 crore, it said. The equity funds are to be raised through various modes such as public issue of shares (follow on public offer) or rights issue or on a private placement basis. Likewise, the funds to be raised by issuing bonds can be raised through issuance of green or foreign currency denominated AT I/II bonds. UBI said it will seek approval from the shareholders for the proposed fund raising plan in its Annual General Meeting (AGM) schedul

In the holiday-shortened last week, the 30-share BSE benchmark plummeted 1,836.95 points or 3.11 per cent

The small-cap and sectoral funds, however, saw an increase in their AUM by Rs 1,360 crore and Rs 466 crore

The key risks in 2022 are the possible 'overtightening' of monetary policy by central banks and the spread of new Covid variants

Ongoing capacity additions, market share gains, and new launches are key triggers

Index has rallied close to 50% from its March lows even as underlying EPS has fallen about 20%

The capital will be issued to institutional investors such as Maple BV (an associate of Barings Private Equity Asia) and ICICI Prudential Life on preferential basis

Lack of earnings visibility in near-term, investor behaviour contribute to selling

Debt categories continued to see redemptions. Credit risk funds saw a bulk of the outflows at Rs 19,238 crore, registering the worst month for the category in 13 months

Close to 45% of multi-cap strategies fall more than respective benchmarks

Issue price was at a discount of 1.57% to the stated floor price of Rs 452.09 per equity share

Fund managers don't want to get caught in value-traps, say experts

However, this will be tested with the economy clearly in slowdown mode

That's prompted fund managers to warn that valuations are too high and led to lowering in earnings estimates this year from record levels