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New-age companies are increasingly showing profits just before IPOs, often due to one-time gains or accounting adjustments, raising concerns about sustainability. Investors are urged to scrutinize earnings quality and focus on cash flows and core operations rather than headline profits to avoid an overoptimistic view.
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News and Media
Ola Electric's stock took a hit on Monday amidst swirling rumors. The company swiftly dismissed a report from South Korean media alleging improper acquisition of foreign battery technology. Ola firmly stated it has no desire for obsolete technology and highlighted that its cutting-edge battery production is already underway, with recent certification attained for its battery packs.
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News and Media
LIC significantly rebalanced its portfolio, divesting from major private banks like HDFC Bank and ICICI Bank to aggressively invest in State Bank of India and Yes Bank. This strategic shift highlights a growing confidence in the PSU banking sector's valuation and future prospects, even as foreign investors flock to private lenders.
Category:
News and Media
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