Thu, Nov 28, 2024 8:59 AM
Vaishali Parekh recommends stocks for today — November 28, 2024
A Flip by Shubhangi Gupta
The Securities and Exchange Board of India (SEBI) has asked fund houses and portfolio management firms to disclose high-risk individual clients, investors from grey-listed countries, and those whose accounts were frozen, among other information, by November 30. The move aims to combat money-laundering and terrorist financing.
Open Flip
Piyush Gupta, the former managing director of venture capital firm Peak XV, on Thursday launched Kenro Capital to target late-stage secondary deals, as demand for exit opportunities among early investors in startups rises. The fund will eye deals in financial services and consumer sectors with a focus on tech-led companies, Gupta told Mint. The firm plans to deploy $20-30 million per investment.
Open Flip
Emkay Wealth Management warns that Indian stocks are overvalued and recommends diversifying portfolios to overseas markets like the US, which offers a good amount of diversification. An ideal allocation would be 50:50 equity and debt, with 30% equity in US stocks, providing a hedge against expensive Indian markets.
Open Flip
