Equity valuations have stabilised as the ‘unfettered inflation’ argument weakens because of retreating commodity prices, ICICI Securities said in a research note on Tuesday. The key argument for a sharp downside in equity valuations is being driven by the extreme fear of a structurally-rising inflation and bond yields like the one observed during 1960s-80s in the US, thereby, resulting in an e...

Delhivery shares made their stock market debut in May this year with marginal gains and in the little over a month post listing, shares have remained in the same region. Initiating the coverage of the stock, ICICI Securities and Morgan Stanley see a bright future but little to no upside as valuations remain high. While Morgan Stanley has given the stock an equal-weight rating, ICICI Securities has...

Shares of Indian Oil Corporation (IOC) plunged more than 1% to Rs73 apiece on the BSE in Friday's trading session on the record date of the bonus shares issue. The stock started trading ex-bonus from Thursday, June 30, 2022.The oil marketing company (OMC) had made an announcement regarding its bonus shares issue on May 17. Issue of bonus shares is in the ratio of 1:2 i.e. one new bonus equity shar...

With a market valuation of Rs42,078 crore, Bosch Ltd. is a large-cap corporation that operates in the auto ancillaries industry. Bosch Ltd (Bosch) offers products and services in the fields of consumer goods, energy, and building technology. The stock has gained 7.44 per cent over the past five trading days, and on Friday it closed at Rs14,300 on the NSE, up 3.46 per cent from the previous close. ...

ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June'22, wholesale milk prices jumped 5.8 per cent year on year in India. Milk prices in South India are up 3.4 per cent year on year, while global SMP prices have risen significantly over the last year, they are rising 26.3 per cent year on year and 3 per cent m...