Sun, Aug 28, 2022 11:45 AM
Mcap of 7 of the top-10 valued firms logged a plunge of over Rs1.54 lakh cr
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The Indian IT service companies reported subdued earnings for the fourth quarter of FY24 with muted revenue growth. While the outlook for weak demand and macro uncertainty has been extended, analysts believe the recovery hopes have been pushed back to FY2026. However, the recent corrections in the IT stocks have made valuations more palatable and further correction can make some mid-tier IT stock.
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Mirae Asset Mutual Fund on Monday (May 6) launched Nifty MidSmallcap400 Momentum Quality 100 exchange traded fund (ETF). This is India’s first mutual fund scheme on Mid and Smallcap segment where the underlying portfolio will consist of 50 Midcap and 50 Smallcap stocks, the mutual fund house said. The new fund offer (NFO) of the scheme is available till May 17, 2024.
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Real estate and equity have long been the primary avenues for investment. Recently, real estate is experiencing an upturn due to economic growth and rapid urbanisation. Traditionally, the realm of real estate investment for retail investors has been limited to residential properties or small commercial spaces, such as individual shops. However, the landscape is shifting dramatically with it.
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