Fri, Jul 9, 2021 1:23 PM
$500 million raised by Ola in pre-IPO round from Temasek, Warburg Pincus
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Pankaj Murarka, CEO & CIO, Renaissance Investment Managers, which manages over ₹900 crore in funds, is overweight on information technology (IT) sector from a medium to long term perspective. “The upcoming IT spend cycle that we are going to experience over the next two to three years will probably be much longer than the traditional IT cycle that we have seen in the past."
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Dollar Tree's stock plummeted to a 9-year low after its Q2 earnings report, with net sales growing only 0.7% and missing estimates, and adjusted EPS dropping 26%. Despite the discount, the company's struggles persist, including rising tariffs, inflation, and competition, making it not a contrarian buy.
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The Indian stock market has exhibited volatility recently, driven by rising global uncertainties. India's macroeconomic fundamentals remain strong despite global growth challenges, and analysts see no major risk to the country's long-term growth outlook, making gold an attractive investment option amid ongoing economic uncertainty and potential interest rate cuts.
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