Daily Archives: April 24, 2024
-
Holding companies outpace Nifty, Sensex in returns: Way2Wealth report
Holding companies index outperformed the benchmark index over a longer investment horizon, according to a report by brokerage firm Way2Wealth. Returns of the eight holding companies covered by the study were at 95 per cent, 26 per cent and 27 per cent over a one-year return, five-year CAGR, and 10-year CAGR, respectively. This outpaced the returns of Nifty 50 index and Sensex at 27/23 per cent, 14 per cent and 13 per cent during the respective period.
-
PE investments look up, but tax uncertainty persists
The pace of transactions has picked up in India, with deal volumes in the first quarter of calendar 2024 rising by a fourth sequentially and by a third in value. There were 455 deals worth $25.6 billion, of which over 75 per cent was due to mergers and acquisitions, according to PricewaterhouseCoopers.
-
IPO screener: JNK India subscribed 0.49 times at end of Day 1
The public issue of heating equipment maker JNK India Ltd was subscribed 0.49 times.