valuation

Valuation fears hit defence stocks: Where are they headed? Here’s what analysts say

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Defence sector stocks came under pressure on Thursday as investors booked profits following a sharp three-month rally. The Nifty India Defence Index dropped 2%, lagging the broader Nifty which ended 0.5% lower.Out of the 18 stocks on the defence index, 16 closed in the red. Bharat Dynamics was the biggest loser, falling 4.8% to Rs … Read more

HDB IPO triggers grey market reset: NSE, NSDL, Tata Capital shares dip in unlisted trade; retail FOMO persists despite valuation concerns

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Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across high-profile pre-IPO stocks like NSE, NSDL and Tata Capital, whose unlisted values have dropped between 5% and 18% in recent weeks, according to an ET … Read more