Kotak Institutional Equities has raised alarms about the sustainability of valuations for numerous Indian companies. The brokerage firm has highlighted that 104 companies are trading at price-to-earnings (PE) ratios exceeding 50 times, with nine companies trading at over 100 times PE. For a company to justify a PE of 100 times, it would need its…
IntroductionIn a groundbreaking move that is set to reshape the investment landscape, Rajeev Misra’s new fund has marked its first close at a staggering $7 billion and made a significant investment in the SP Group through debt. This strategic move not only showcases Misra’s visionary approach but also signals a new era of investment opportunities…
The Securities and Exchange Board of India (SEBI) has released new guidelines aimed at managing the impact of market rumours on stock prices, according to a circular dated May 21. Staggered Implementation The new regulations will be implemented in phases. They will apply to the top 100 listed entities starting June 1, 2024, and to…
Ruchir Sharma, Chairman of Rockefeller International, has highlighted the challenging business environment in India, which is driving many entrepreneurs to establish their firms in places like Dubai and Singapore. While he acknowledges that India’s macroeconomic management has been “reasonably good,” he raises concerns about the microeconomic challenges and the overreach of investigative agencies that are…
The dismantling of independent central banks and rules-based trade is happening now—and it’s shaking global markets. Executive Takeaways This week exposed a financial system under raw political fire. Threats to indict Fed Chair Jerome Powell rattled institutions, cratering the yen to multi-year lows and propelling gold to all-time highs. Markets clawed back some ground, but…
Market Normalization: A Buying Opportunity for Long-Term Investors Veteran investor and Kotak Mahindra Asset Management MD Nilesh Shah sees the recent market correction as an opportunity for long-term investors to selectively accumulate quality stocks. He advises against basing investment decisions solely on the past six months’ returns, emphasizing that the market is now trading at…
In 2025, it became almost impossible for investors to ignore OpenAI. The company locked in huge multi-year deals with giants like Microsoft, Oracle, Nvidia, AMD, Amazon, and CoreWeave, stacking up more than a trillion dollars in long-term spending commitments tied to infrastructure, compute, and chips. At the same time, it completed its shift into a…
China’s recent export restrictions on six rare earth elements (REEs) and rare earth magnets have sent shockwaves through global industries. These materials are essential for a wide range of technologies, from clean energy to military applications. The electric vehicle (EV) sector is especially vulnerable, with some manufacturers warning of potential factory shutdowns if the curbs…
In the realm of investment, a focused approach often leads to victory. This principle holds true in various aspects of life – a fact illustrated by my personal experience with golf. Although I occasionally managed impressive shots, my inability to maintain consistent focus across every swing and hole led me to step away from the…
In the world of finance, the markets are a dynamic ecosystem that often mirrors the ever-changing political landscape. As India gears up for the 2024 general elections, the stock market becomes a critical barometer of political sentiment and economic stability. Investors, in anticipation of election outcomes and potential policy shifts, exhibit a heightened sense of…
