9:25 AM
IndusInd Bank off morning lows, trades flat
>> Induslnd Bank’s Q1FY25 net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent Y-o-Y to Rs 3.98 tillion.
8:55 AM
By comparison, the Nifty50 has surged 11.92 per cent YTD, while the broader Nifty500 has soared 18.26 per cent. Read more
Rerating of paint stocks on still some time away, say analysts
Top Paint stocks to buy, paint stocks outlook: The performance of paint stocks has not been colourful at the bourses thus far in calendar year 2024 (CY24). ACE Equity data shows that Kansai Nerolac share price has tumbled 19.76 per cent year to date (YTD) in CY24, followed by Berger Paints share price (14.97 per cent), and Asian Paints share price (13.57 per cent).
By comparison, the Nifty50 has surged 11.92 per cent YTD, while the broader Nifty500 has soared 18.26 per cent. Read more
8:30 AM
Even though the price-to-earnings (P/E) multiple of the 50-share blue-chip index, at 22 times its estimated earnings for 2024-25, is still considered ‘reasonable’ compared to historical levels, it makes more sense to analyse the valuations of individual companies, given the wide dispersion in P/E ratios. Read more
Low price-to-earnings stocks: The secret sauce in Nifty’s earnings recipe
Given the strong market momentum, the benchmark National Stock Exchange Nifty has reached record highs more than a dozen times in the past month.
Even though the price-to-earnings (P/E) multiple of the 50-share blue-chip index, at 22 times its estimated earnings for 2024-25, is still considered ‘reasonable’ compared to historical levels, it makes more sense to analyse the valuations of individual companies, given the wide dispersion in P/E ratios. Read more
