Page 22 - Wright Research News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With the merger between HDFC Bank and HDFC Ltd complete, analysts said the next key monitorable for the Street would be successful resolution of merger-related hiccups, including employee-related churn and roll out of complete banking services across branches. At the bourses, they expect the stock to perform in-line with the benchmark indices in the near-term. 'There's usually an initial period of consolidation after a merger as the entities work towards integration.

Several investors are concerned that since both stocks are among the widely held scrips in their portfolios, it could result in a fire sale of the entity at a beaten-down price.

Overall, the AI theme is here to stay, and we are only at the beginning of understanding and harnessing its full potential.

Indias IT stocks are being shunned by institutional investors despite the fact some are up to 25% below their 52-week peak levels. The Nifty IT Index is still trading at a 10% premium compared to its 10-year average valuations, with the likes of IT giants TCS, Infosys, HCL Tech, Wipro and Tech Mahindra still trading above pre-Covid valuation levels. Midcap IT stocks are trading at a 25% premium compared to large caps. Hemant Kapasi, head of equities at Sanctum Wealth, said the IT industry may experience a time correction over the next few quarters rather than a significant correction in valuat...

Learn from Asia's top PE-VC executives about how they spot winning models.