Mon, Jul 1, 2024 2:03 PM
Tata Consumer faces ₹171.83 Crore tax demand for FY 2019-20
A Flip by Shubhangi Gupta
A Mumbai-based financial services firm held an investor camp in Chennai, promoting equity investing, but most attendees showed interest in options trading, despite knowing the high risk of losses. Meanwhile, a mid-sized mutual fund launched an index fund for defence stocks, prompting rival fund houses to question the scheme's feasibility, citing dependence on a few heavyweight stocks.
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The AI market boom has driven the Nasdaq-100 Technology Sector up 88% since January 2023, with companies like Intel and Alphabet investing in AI technologies. Intel's stock, underpriced with a lower P/E ratio, offers value with its shift in focus to AI and manufacturing. Alphabet's stock, with a lower P/E and P/FCF ratios, has reported 15% revenue growth and $69 billion in free cash flow.
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UK stocks are benefitting from France's political turmoil, with a sharp rise in demand for UK assets as investors seek stability. Net inflows into UK markets have increased to £276m in the past month, 20 times the amount after the UK election announcement. French banking stocks have fallen 9% since Macron's snap election, driving hedge funds to profit from the turmoil.
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