All stories by Sundar Sethuraman
At Rs 1.2 trn, IPO mopup set to hit new high in 2024
Rediff.com6 days agoThe calendar year 2024 is set to go down as the best year for initial public offerings (IPOs) in terms of funds raised. Following the IPOs of food delivery major Swiggy and two other companies slated for next week, this year's total will reach nearly Rs 1.2 trillion, going past 2021's record tally of Rs 1.19 trillion. Swiggy's Rs 11,327 crore IPO, the sixth-largest in India, and solar energy firm Acme Solar Holdings' Rs 2,900 crore IPO opened on Wednesday (Nov 6), while health-tech firm Sagility India's Rs 2,106 crore IPO opened a day earlier.
Market riptide pulls ADR below 1, charting course of unease
Rediff.com31 Oct 2024The advance/decline ratio (ADR) - a gauge of market breadth - has remained negative (below 1) for a second consecutive month. In other words, the number of stocks declining is outpacing those rising, as a brutal selloff by overseas investors and lofty valuations weigh on sentiment. According to BSE data, the ADR for October stands at 0.98 for the second month in a row.
Friday's Sensex Crash: Anything To Worry?
Rediff.com26 Oct 2024'The economy is clearly at a very soft spot, and earnings growth is disappointing every day.' 'After three great years, the Indian economy has hit a rough patch.'
FPI selling tops $10 bn in Oct amid China shift
Rediff.com22 Oct 2024Foreign portfolio investors (FPIs) have net sold domestic shares worth over $10 billion so far this month amid a shift to China, which not only offers attractive valuations compared to India but has also announced several measures to support the economy and the stock market in recent weeks. If the trend doesn't reverse, this will be the first time that overseas funds will yank out more than $10 billion from Indian equity markets in a month.
Market Rout Shaves Rs 16 Trn From India's MCap
Rediff.com5 Oct 2024On a five-day rolling basis, FPI selling is the highest in 24 years.
IPO Market Set For Record-Breaking Diwali
Rediff.com3 Oct 2024IPOs worth Rs 50,000 crore including Hyundai, NTPC Green Energy and Swiggy are set to hit the market in late October or early November.
'IPOs Are In A Sweet Spot'
Rediff.com24 Sep 2024'IPOs have performed exceptionally well, with a notable increase in average ticket size from Rs 800 crore in the last financial year to around Rs 1,300 crore in this financial year.'
IPOs Soar on Bullish Market
Rediff.com8 Sep 2024The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy.
Why There Is A Surge In Demat Accounts
Rediff.com6 Sep 2024The total number of demat accounts in the country stood at 171.1 million as of August 31.
Zero-brokerage model on last legs with new fee rules
Rediff.com3 Sep 2024Leading brokers are expected to increase brokerage rates in the coming weeks, as they navigate a series of regulatory changes that are expected to squeeze profitability. According to industry sources, top brokers may soon begin charging for equity trades and raise the flat fees for intra-day and derivatives trading by 10-30 per cent. Several smaller players have already hiked their brokerage charges, signalling a potential end to the zero-brokerage era that has drawn millions of new investors into the stock market and fuelled active trading.
'If You Want To Invest Directly, Ensure...'
Rediff.com27 Aug 2024'...you evaluate three key factors before committing your money.'
Explained: The Boom In 2024 Right Issues
Rediff.com24 Aug 2024With Rs 17,087 crore raised so far this calendar year, the total is already 2.4 times that of the full year of 2023, which stood at Rs 7,266 crore.
FPIs pulled out $1.8 bn from financial stocks in first half of August
Rediff.com22 Aug 2024Foreign portfolio investors (FPIs) withdrew Rs 14,790 crore ($1.8 billion) from financial stocks in the first half of August, driven by global risk aversion sparked by US recession fears. Additional factors contributing to the decline in banking stocks included subdued earnings growth in the June quarter, concerns about slowing deposit growth, and stricter liquidity norms imposed by the Reserve Bank of India.
Pre-IPO allotments lose favour amid market buoyancy and larger float sizes
Rediff.com21 Aug 2024Pre-initial public offering (IPO) allotments have lost favour amid buoyancy in the market and increase in average float size this year. After hitting a record high in 2023, they have come to a halt, with just three companies opting for such placements totalling Rs 235 crore. This compares to eight deals worth Rs 648 crore during the same period of the previous year.
IPO Boom Fuel Investment Bankers' Fortunes
Rediff.com21 Aug 2024So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
Broking stocks slide on Sebi pivot
Rediff.com10 Jul 2024Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
Boom Times On Bourses In June
Rediff.com29 Jun 2024In June, Sensex went up 6.6% and Nifty 6.9%, their best monthly gains since December 2023.
IPOs: Record Rs 32,000 Crore Raised in 1st Half
Rediff.com25 Jun 2024This year's tally is the second best ever after 2022 when 16 firms raised Rs 40,311 crore, led by LIC's biggest-ever IPO.
From 41 to 104: High-valued stock universe up 2.5x in a single year
Rediff.com22 May 2024The universe of stocks trading at a 12-month forward price-to-earnings (P/E) multiple of 50x or more has swelled by 2.5x to 104, indicating the growing froth in the market. In March 2023, the number of stocks with a P/E of 50x and 100x stood at 41 and 3, respectively, which has now grown to 104 and 9, according to an analysis by Kotak Institutional Equities (KIE).
Exercise Caution When Investing In Stocks With High P/E
Rediff.com22 May 2024'Sectors like e-commerce, small finance, housing finance, and healthcare are in great favour, and people are paying a PEG ratio of up to 5, which is dangerous.' 'Wealth destruction is inevitable.'