Our TWRR returns since inception (23/11/2020) for the Laureate Investment Approach is 38% CAGR. Our 1-year return is 23.3% vs 9.7% for the BSE 500 TRI our benchmark.
Bharat Heavy Electricals Ltd (BHEL) secured a Rs 6,700 crore order from Singareni Collieries Company to establish an 800 MW thermal power unit in Telangana. BHEL will handle the design, engineering, manufacturing, supply, and more for the project, which underscores its role in India's energy security.
Ajax Engineering's IPO saw a strong response, with a 6x overall subscription and 13x in institutional categories. Despite this, a flat debut is expected, with a GMP of Rs 0. The company is known for its significant innovations in concrete equipment, including the SLCM with load cell technology.
Hexaware Technologies' IPO received a decent response with a subscription rate of just over 2 times. The company will finalise share allotment today. Despite a marginal GMP of Rs 1, Hexaware has shown consistent growth in recent years, increasing revenue significantly from Rs 7,178 crore in CY21 to Rs 10,380 crore in CY23.
Omnichannel eyewear retailer Lenskart has started the process of its initial public offering (IPO) and is looking to file its draft papers by May, sources told ET. The company is set to enter the public markets with a $10 billion valuation, double its previous funding round.
Since January 30, the RBI has taken measures to infuse durable liquidity via various OMOs and VRRs, in addition to 43,000 crore via foreign exchange swaps. In addition, the central bank conducted screen-based OMOs for 59,000 crore.
"The valuation of India has become very significant, and investors are taking their profit," said Baudson in an interview during her recent visit to India. Amundi is a stakeholder in SBI Mutual Fund, owning 37% of the country's largest asset manager. SBI owns 63%.
