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Watch | Emkay’s Seshadri Sen: IT sell-off overdone, stick to largecaps amid AI disruption
Seshadri Sen, Head of Research & Strategist at Emkay Global Financial Services, says the IT sell-off has overshot fundamentals, creating a tactical opportunity in large-cap names. Despite AI disruption, firms will still need IT vendors for integration and deployment, and AI could expand tech spending. He sees no signs of structural stress and says current pessimism is driven more by narrative than reality.
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report
Vishal Mega Mart's promoter, Samayat Services LLP, is set to sell a 6.5% stake through a block deal at Rs 115 per share, a 10% discount to the current market price. This move comes as the company reported a 19% rise in net profit for the December quarter.
Vishal Mega Mart Block Deal | Samayat Services likely to sell 6.5% stake worth ₹3,508 crore
The floor price for the block deal has been set at ₹115 per share, representing a discount of 9.8% to the current market price. Shares of Vishal Mega Mart Ltd ended at ₹127.50, up ₹4.65, or 3.79%, on the BSE today, February 26.
Striders Impex IPO Day 1: Issue subscribed 61% so far, QIBs steal the show. Check GMP, issue details, more
Striders Impex IPO opened on February 26, priced between ₹71 and ₹72 per share. Investors can bid for a minimum of 1,600 shares. The IPO aims to raise funds for expanding retail and e-commerce channels, with a current subscription status of 61% on day one.
Nykaa shares' 64% rally crowns it as internet leader, but do rich valuations justify the risk-reward?
Nykaa's parent company, FSN E-Commerce Ventures, has seen its shares surge by 64% over the past year. This rally follows strong operational performance and robust profit growth. Despite the impressive comeback, experts are divided on whether the current stock price offers a favorable risk-reward proposition. Some analysts recommend a buy on dips, while others suggest booking profits.
MC Exclusive: AI's trillion-dollar bet raises questions about the global economy, says Sachee Trivedi
As OpenAI, Anthropic and SpaceX fuel AI euphoria, Sachee Trivedi asks where the trillions of dollars of revenue needed to justify current valuations will come from.
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.