Sunday , November 24 2024

Business

Kotak Equities again warns about high valuations of companies

Mumbai: Leading broking house Kotak Institutional Equities has expressed concern over the valuations of many companies in India and warned that the valuations of many companies cannot be sustained. The broking house believes that shares of many companies are currently trading at exceptionally high P/E multiples, which valuations cannot sustain. …

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Sensex falls 53 points due to profit booking in banking, IT, auto stocks

Mumbai: Global markets witnessed Sensex-based weakness today due to profit-booking in FMCG, automobile stocks along with weakness in Asia, Europe markets along with banking, IT-software services, technology stocks. Of course, with the historic aggressive rally in gold and silver in metal-mining stocks, the prices of copper including copper on London …

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