Financials, power sector valuations comfortable, says S Naren of ICICI AMC
Fri, Jun 2, 2023 3:30 PM

Financials, power sector valuations comfortable, says S Naren of ICICI AMC

A Flip by Shubhangi Gupta
Get it on Google Play
ICICI Prudential Asset Management Company’s CIO S Naren has said valuations can exceed the historical range even as he acknowledged the country's robust macroeconomic indicators and structural potential. Asked about sectors that offer comfortable valuations, Naren picked financials and power. He, however, advised caution while investing in financials, saying it is a leveraged sector.

More great flips

Why EaseMyTrip shares will be in focus on Monday?

Why EaseMyTrip shares will be in focus on Monday?

Stock market next week: When the Indian stock market opens on Monday, EaseMyTrip shares will be in focus as the tour and travel company has infused capital in the Mumbai-based company Etrav Tech Ltd. In a press statement issued by Etrav Tech Ltd, it has been declared that the tour and travel company has infused $3.9 million capital or ₹33 crore in the Mumbai-based company.

Open Flip
Hong Kong regulator to investigate PwC auditing of China Evergrande Group

Hong Kong regulator to investigate PwC auditing of China Evergrande Group

HONG KONG: Hong Kong's accounting regulator said it would start an investigation into PwC's role in auditing Chinese real estate giant Evergrande, citing the publication of a "whistle-blower report". Heavily indebted Evergrande has become a symbol of the years-long crisis in China's property market, and last month its onshore unit was accused of a $78 billion revenue overstatement.

Open Flip
Surana Solar Q4 FY24 results: loss at ₹0.15Cr

Surana Solar Q4 FY24 results: loss at ₹0.15Cr

Surana Solar announced their Q4 FY24 results on 18 Apr, 2024, revealing a significant decline in revenue by 49.59% compared to the same period last year. The company incurred a loss of ₹0.15Cr in Q4 FY24, in stark contrast to the profit of ₹0.25Cr reported in the previous fiscal year for the same period. Quarter-on-quarter, the revenue dropped by 10.59%.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon