Latest news with #valuations
Times of Oman
12 hours ago
- Business
- Times of Oman
Valuation concerns return to Indian market, especially in Midcap stocks: Jefferies
New Delhi: According to a report by Jefferies, the Indian stock market is once again facing concerns around high valuations, particularly in the midcap segment. The report pointed out that the recent market rally has pushed valuations to high levels, raising questions about sustainability and risks going forward. Jefferies stated, "The rally in the market means valuations have become an issue again, particularly in the mid-cap space". The report highlighted that the benchmark Nifty Index is now trading at 22.2 times its 12-month forward earnings after rising 14.1 per cent from its recent low on April 7. The midcap space has seen even sharper gains. The Nifty Mid-Cap 100 Index has surged by 23.7 per cent since April 7 and is now trading at a steep valuation of 27.1 times 12-month forward earnings. Due to such high valuations, many corporates are once again placing equity in the market to take advantage of the bullish sentiment. The report added that the equity supply has increased sharply, with companies raising around USD 7.2 billion in May and USD 6 billion so far in June. Jefferies noted that this wave of equity supply poses the main risk to the market. Before the market correction that began in late September last year, monthly equity supply was running at around USD 7 billion. The report also highlighted a shift in market focus since the Union Budget announcement on February 1. There has been a noticeable rotation from investment-led themes to consumption-led themes. This shift has been supported by a softer monetary policy environment, which has benefited consumer finance stocks. However, the report acknowledged that any upcoming investment cycle is likely to be slower and more prolonged, unlike the boom-bust cycle that occurred during FY03-FY17, which led to overcapacity, especially in the power sector. The report outlined that while the Indian markets are enjoying a strong rally, especially in the midcap space, rising valuations and heavy equity supply could pose risks.
Daily Mail
3 days ago
- Entertainment
- Daily Mail
I went on Antiques Roadshow but was completely caught off guard by a strict rule - plus the valuations hurt more than I could have imagined
An Antiques Roadshow guest revealed that they were completely caught off guard by a strict rule while filming for the American version of the BBC show - and the valuations of her objects hurt her even more than she could have imagined. Journalist Jennifer Kopf was given the opportunity to attend filming for the upcoming series of the programme at Grant's Farm in St. Louis. The writer, who works for Country Living, took along a framed silhouette and blue glass lamps to find how much they are. She revealed that depending on the category your item falls into, you end up speaking to an expert appraiser from that field in an area 'spread out all across the grounds'. But there was one order that she had to follow while she was there - and it's so that there are no spoilers leaked. Jennifer wrote for the publication: 'Set up in between were three different filming 'studios' with those famous tables arranged for the big-time appraisals. 'I wasn't allowed to tape anything happening on set so as not to take away anything from the big reveals come air time.' Unfortunately her items weren't how much they thought they were going to be valued at. Her framed silhouette was valued at $25 to $50. But it was the price of her lamps that were what 'hurt.' Jennifer confessed: '$15 a piece. I have to admit, this hurt a little. 'But I still love my lamps and will find a perfect spot for them soon.' Antiques Roadshow hit our screens back in 1979 via the BBC, with the US' PBS version broadcasting for the first time in 1997. It comes after an Antiques Roadshow guest was left wide-eyed as an expert gasped 'I need time to come down from this' in response to the 'trickiest item she's ever had to value'. A repeat episode of the BBC show, which sees specialist appraisers value heirlooms and heritage items, went to Belton House near the town of Grantham, Lincolnshire. Expert Hilary Kay met with a woman who had brought in a very unique item - the funeral standard of 17th-century English statesman Oliver Cromwell. He led parliamentary forces in the English Civil Wars in the mid-1600s against King Charles I, helping to overthrow him before his execution in 1649. The soldier and politician then led the Commonwealth of England that was quickly established, serving as Lord Protector from 1653 until his death in 1658. Hilary began the segment: 'Sheltering from a passing shower and sheltering with an object which is, I feel, almost radioactive with power. 'It's a very interesting phenomenon to be this close to something that is really quite important. 'I'm recognising, immediately, the personal standard of Oliver Cromwell. 'It's a name we all know but let's just put him into his place in history. 'He was one of the signatories to the death warrant for instance to Charles I. 'Very much involved with the regicide, killing of the King, and then he became in 1653 what was known as the Lord Protector of England. 'It was after the Civil War and he ran the country essentially from 1653 to 1658 and that is his importance in English history and why this object has such resonance.' The woman explained how such an incredible object came into her possession: 'It was in a collection about seven years ago. My father actually bought the collection of militaria. 'We now own it as a family. It's actually kept in one of our spare rooms and as you say, it's one of those objects that make you tingle.' The antiques expert agreed: 'It does make you tingle because this is the standard that was part of the funeral procession of Cromwell's on November 23, 1658, and this was extraordinary.' Pointing to all the regal imagery on the object, she continued: 'Here was the non-King being revered really as a King with a royal crown. 'It is an extraordinary image that we have here which was totally against everything that he stood for.' The pair discussed how the standard had been stolen by a young boy in the crowd during the funeral procession, with Hilary saying: 'It's just brilliant.' The guest added: 'My whole family's been into history for generations and my maternal grandparents are actually founding members of The Sealed Knot, the re-enactment society for the Civil War.' Hilary was delighted to hear this further detail: 'Which is amazing, what a coincidence! It was meant to end up with you.' In a heart-warming, sincere moment, the woman replied: 'Absolutely, I believe so. 'Because we're the kind of people who really want to look after it and preserve it and make sure it's seen by everyone it should be seen by for generations, I guess. 'It's a real treasure, it's a pleasure to own.' Incredibly complimentary about the historic item, Hilary said it had been 'beautifully restored' - and will continue to need good looking after. She added: 'However great your spare room is - and I'm sure it has almost museum-like qualities - I do think, even if it went on loan somewhere, I think it deserves to be looked after.' With all this anticipation built up, about an item with such historical value, the valuation could not come sooner - and it did not disappoint. Hilary said: 'This is about the trickiest thing I've ever had to value. 'It is certain to fetch £25,000 but how much more would it go for?' The wide-eyed guest was rendered absolutely speechless, with Hilary saying: 'It's going to take me a little while to come down from this.
Wall Street Journal
7 days ago
- Business
- Wall Street Journal
The IPO Market Strengthens
New listings faced a tough market over the past three years. Interest rates climbed, and investors re-evaluated the big valuations they previously gave buzzy startups. Shares of companies that went public in the U.S. in 2020 and 2021 tumbled. Yet optimism is picking up. Shares in Chime Financial surged nearly 50% on Thursday from the financial-technology company's IPO price of $27. Read more:
Bloomberg
7 days ago
- Business
- Bloomberg
Sports Teams Now Run Like Tech Startups: Fmr. NFL Player
Andrew Kline, Park Lane Founder & Former St. Louis Rams Lineman speaks with Romaine Bostick about the rising valuations of sport teams. (Source: Bloomberg)
Bloomberg
12-06-2025
- Business
- Bloomberg
Oaktree's Marks Says Trump Values Unpredictability, Be Cautious
Oaktree Capital Management LP co-founder Howard Marks said investors should expect uncertainty to endure under US President Donald Trump and relatively high valuations in global markets require a cautious stance. 'As someone who is a serial negotiator, he values unpredictability, and I think you're going to have that for a long time,' Marks said of Trump at the Morgan Stanley Australia Summit on Thursday in Sydney via video link from Spain.
