The brokerage highlights how the share of Nifty companies' profit in GDP and GVA (gross added value) has been meagre and falling. From a share of 2.8 per cent of GDP, it is now at 2 per cent
Strategy reports advocate need for caution amid volatility, with likelihood of more declines before a sustained rise signals end of bear market
In a Q&A, Naveen Kulkarni says earnings growth for F21 could go down to minus 15 per cent, depending on the extent of extension
HUL's current market value of Rs 5.14 trillion is also more than the combined Rs 4.20 trillion market capitalisation of India's top 10 listed automobile companies
The inclusion of consumer stocks comes at a time when valuations in the space have reached record levels
Equity markets witnessed yet another record-breaking session on Thursday as investor sentiment remained buoyed on Rs 25,000 crore booster dose for the realty sector
The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts
Several out-of-the-money call options on the Nifty and the Bank Nifty index jumped more than 50 times on Friday
So far in CY2019, the Nifty PSB index has underperformed the benchmark Nifty50. The former has plunged 24 per cent YTD, as against a 0.6 per cent decline in the latter.
However, experts say long term investors should consider some of the large caps that have declined
Value is emerging beyond frontline indices
Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
A comparison of the price-to-earnings (P/E) or price-to-book (P/B) multiples of all the Nifty stocks throws up the list of stocks that are being favoured and neglected
Companies where valuations are currently above their historical levels mostly belong to sectors such as financial, FMCG and IT services