First, on the rupee, one of the most effective ways to stabilise the currency is to improve the flow of foreign exchange into the country. While India has made significant progress on the export side, there is still substantial work required in attracting larger and more consistent foreign portfolio investment and foreign direct investment.
Periods of consolidation may be viewed as opportunities to accumulate quality businesses rather than reasons for concern, subject to individual risk appetite and investment strategy.
βBernstein initiated coverage on six pharma stocks, expressing a positive outlook on the Indian healthcare sector driven by AI, innovation in niche areas, and a strengthening ecosystem. The brokerage highlighted attractive valuations and easing policy uncertainties, naming Zydus Lifesciences as its top pick with a significant upside potential.
Over the past nearly two years, Elevation Capital and AntFin β the financial affiliate of Alibaba Group, have emerged among the biggest sellers in Paytm through block deals.
Nifty closed marginally higher last week, driven by IT and energy stocks, as markets brace for key events. Technical analysts suggest Nifty is in an indecisive range, awaiting a decisive breakout above 23,800 or a fall towards 23,600. Global factors like Iran-Israel tensions and US bond yields are influencing sentiment.
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Even as the Sensex posted modest gains during the week ending May 22, 13 BSE 500 stocks declined in every trading session. Afcons Infrastructure and Alok Industries led the losses with 11% declines, while several consumer, metal and industrial stocks also ended lower.
Bain Capital-backed Dhoot Transmission filed updated IPO papers seeking Rs 1,400 crore via a fresh issue. A top player in two/three-wheeler and electric wiring harnesses (over 70% EV share), the company will use funds to repay debt and establish new manufacturing facilities in Haryana and Tamil Nadu.
Michael Price advises investors to focus on intrinsic value, avoid herd mentality, stay disciplined during volatility, and think like business owners. He stresses contrarian thinking, emotional control, and buying undervalued stocks through deep research rather than chasing trends or relying on spreadsheets.
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