Financial planners are advising investors to shift from unregulated digital gold platforms to regulated gold ETFs and funds following a Sebi caution. Concerns over counterparty risks and lack of regulatory oversight on digital gold apps, despite their growing popularity and convenience, are prompting this shift.
Edtech firm Physicswallah is set to raise 3,480 crore via IPO to fund expansion, despite a widening net loss. The company, which has aggressively grown its offline centres, saw revenue surge but profitability remain elusive. Investors are eyeing financials closely due to a high valuation in a fragmented market.
E-commerce platform Meesho is preparing for its Initial Public Offering. The company aims to launch its IPO in the second week of December. The offering is expected to raise between 5,500 crore and 6,000 crore. This move will allow some investors to partially exit. Meesho has received approval from Sebi for the IPO.
Lenskart Solutions debuted on Indian bourses with a 1.7% discount to its IPO price, listing at 395 against 402. Despite a strong IPO subscription, analysts advised caution due to high valuations, recommending investors monitor profitability for 2-3 quarters before fresh purchases.
Indian stock markets saw a rebound on Monday, with IT stocks leading the gains. This recovery followed three days of losses. Analysts suggest the market may trade within a range due to a lack of new catalysts. Investors are shifting focus to IT stocks, finding them attractive. Foreign investors were net sellers, while domestic investors bought shares.
Global financial giants Goldman Sachs and HSBC are now optimistic about Indian stocks. They predict substantial gains by 2026. This positive outlook comes even as foreign investors have been selling shares. The analysts believe India has been oversold. Their calls offer a new perspective for investors considering the Indian market.
