Tue, Sep 10, 2024 1:44 PM
Mid-day Mood | Sensex, Nifty recover; all 13 sectoral indices in green
A Flip by Shubhangi Gupta
Invesco's chief investment officer for Hong Kong and China, Raymond Ma, warns that some Chinese stocks have become overvalued after surging 30%-40% in the recent boom, lacking a clear value proposition based on earnings performance. Ma's fund has delivered a 26% return over the past year, beating 95% of its peers.
Open Flip
Garden Reach Shipbuilders on Friday, October 4 said it has it has signed the contract for construction and delivery of one of the four additional four multi-purpose vessels of 7500 DWT. The company said it inked an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG Germany on Thursday, October 3, 2024, to construct and deliver the fifth multi-purpose vessel of 7,500 DWT.
Open Flip
Shares of DMart parent Avenue Supermarts were tanking on Friday as the retailer’s second-quarter business update split brokerages on the company’s performance. What Happened: Brokerages had a mixed outlook on DMart as the company reported a 14% year-on-year increase in Q2 standalone revenue, reaching ₹14,050 crore for the quarter ended September 2024.
Open Flip
