Street goes defensive on metal
Brokerages and analysts have gone cautious on commodity stocks with a few even going for rating downgrades. As China is hell bent on curbing inflation in metal prices, analysts are worried that with China’s move, metal prices will see a capped upside globally as analysts also fear a shrinking supply-demand mismatch.
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Macro gyaan
Just like how a boom emerges after every bust, Rakesh Jhunjhunwala is betting on a double-digit growth rate for India in the next two decades. The Big Bull also explains why he stays away from investing in startups.
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Grey market loses true ‘value’
Primary market is supposed to be a place where stock prices reflect the true value of businesses. With back to back blockbuster IPOs in recent times, everybody wants to get their hands on these stocks early before they hit the secondary market. Big fishes such as HNIs and institutional investors are bloating these stock prices as the illiquid market is facing a severe supply-demand mismatch.
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IT matters
Despite a considerable run-up in their prices, IT stocks are yet to see an earnings upgrade, says Manishi Raychaudhuri of BNP Paribas. On deal wins, he says it is just the beginning. In this interview, the market expert talks about value picks in two other sectors as well.
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Cryptos go the SGB way
Sovereign gold bond’s third tranche will open for subscription this week, giving investors a chance to earn interest on the yellow metal besides hopes of capital appreciation in the years to come. Now investors have a similar opportunity to earn interest on their cryptocurrencies. ZebPay, one of India’s largest cryptocurrency exchanges, is going to allow investors to lend their cryptocurrencies for interest.
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