Market News
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Navin Fluorine rally rides on strong outlook, but valuations look stretched
Navin Fluorine appears well-positioned for a strong multi-year growth trajectory, but investors seem to be capturing a good share of the optimism in the current valuations
Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%
Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.
Paint firms eye strong March finish
Indian paint companies are optimistic about the current quarter. Demand picked up in November and December. This trend is expected to continue, leading to high single-digit volume growth. Competition remains intense. Companies like Asian Paints, Berger Paints, and Kansai Nerolac report gradual improvement in demand post-Diwali. Birla Opus and JSW Paints are also active in the market.
AI to replace half of Mistral AI's software? Here's what CEO Arthur Mensch said as tech stocks face headwinds
Mistral AI CEO Arthur Mensch said over half of current SaaS software could shift to AI, amid investor fears of disruption. As tech stocks fall globally, Mensch called “replatforming” a major opportunity. Mistral plans its India debut, targeting public and private sector clients.
PhonePe IPO: $15 billion potential valuation could re-rate Paytm, Macquarie says
PhonePe's implied valuation stands in the $13-15 billion range, which is about 60-90% higher than Paytm's current market capitalisation, despite PhonePe being EBITDA-negative, while Paytm has turned EBITDA-positive.
GMDC shares jump 5% as Quad unveils critical minerals framework, rare-earth supply chain initiative
GMDC stock gained over 5% on Quad minerals framework announcement, which seeks to boost critical mineral supply chains. The stock is up 91% in a year, with its current market capitalisation at Rs 22,000 crore. Quad will bolster critical minerals and energy security.
War, Oil Shock & Market Volatility: Is the Worst Behind or Bigger Fall Ahead?
Global markets have been rattled by escalating geopolitical tensions and major volatility in oil prices. Are equities nearing a bottom, or is a deeper correction still ahead? In this conversation with N Mahalakshmi of Moneycontrol, Sanjeev Prasad, Co-Head of Institutional Equities at Kotak Institutional Equities, breaks down how the Israel-Iran conflict, rising oil prices, and global risk sentiment could shape the trajectory of markets. He also discusses whether the current volatility presents a buying opportunity, how global capital flows could shift, and what investors should watch in the coming weeks.
Nexus Ventures Partners offloads shares worth Rs 186 crore in logistics firm Delhivery
This is the second lot of stake sale by US-based venture capital firm Nexus Ventures Partners through in current month. Earlier on April 8, it had offloaded 1.6 percent shares in Delhivery.