VALUATIONS

ET Women's Forum: Valuation doesn't know gender

At The Economic Times Women's Forum, women founders highlighted that performance and vision, not gender, drive startup success. Sakshi Chopra of Peak XV emphasized that investors prioritize metrics and clarity. Founders like Ahana Gautam (Open Secret) and Anju Srivastava (Wingreens Farms) stressed consumer understanding and building trust.

Just 23 years ago, the world's richest man had to introduce himself, and even spell out his name: E-L-O-N M-U-S-K. Watch Video

Before becoming a tech titan, Elon Musk was a little-known innovator pitching space dreams. In a recently resurfaced interview, he humbly introduces himself, spelling out his name and role at SpaceX. Today, he commands billions, advises the U.S. President, and shapes the future of AI and space. The video is a powerful reminder of how far ambition can go.

Top Nifty50 stocks analysts suggest buying in this volatile week

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

ETMarkets Smart Talk | 2H2025 market returns may moderate, but India’s long-term story intact: Abhiram Eleswarapu

India outperformed considerably in 2024 which partly explains part of the underperformance this year. By around September last year, valuations were no longer inexpensive, earnings forecasts started seeing moderate cuts, FPI outflows followed, and system liquidity went into deficit - a trend which continued into 1Q2025.

Good news getting priced in faster, narrow range consolidation likely in medium term: Siddharth Vora

Siddharth Vora of PL Asset Management suggests caution in the Indian market. A sharp rally may lead to profit booking. Good news is priced in, limiting valuation headroom. IT and metals sectors perform well. Capital markets offer long-term growth potential. The firm maintains allocation to Radico. They are ready to exit capital markets if market structure changes.

Mcap of eight of top-10 most valued firms erodes by Rs 1.65 lakh cr; HDFC Bank biggest laggard

The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,65,501.49 crore last week, with HDFC Bank taking the biggest hit, in-line with a bearish trend in domestic equities.

Sebi member raises concerns over valuation practices

SEBI has expressed concerns regarding existing valuation practices, highlighting potential conflicts of interest where valuers are compensated by the entities whose assets they assess. Ananth Narayan emphasized the significant variations in valuations stemming from differing assumptions and limited transparency. He advocated for valuers to disclose assumptions, sensitivity ranges, and track records, promoting greater accountability for substantial valuation changes.

Fidelity marks up IPO-bound Lenskart's valuation to $6.1 billion

Fidelity has increased Lenskart's valuation to $6.1 billion, a 21% rise from its previous $5 billion valuation. The omnichannel eyewear retailer is preparing for a potential $1 billion IPO at a $10 billion valuation. Lenskart's FY24 net loss decreased significantly, while operating revenue and EBITDA saw substantial growth, highlighting its strong financial performance.

Groww triples FY25 profit to Rs 1,819 crore; closes fresh funding at $7 billion valuation

Bengaluru-based fintech closes $200 million funding round led by Singapore’s GIC ahead of IPO. The fundraise also saw participation from existing investors like Iconiq Capital.

EV valuations need reset amid global slowdown, says Sandip Sabharwal

Sandip Sabharwal discusses the potential of Electric Vehicle growth. He addresses concerns about rare earth magnets and slower adoption in the short term. He believes Mahindra and Mahindra is well-positioned in the EV sector. Sabharwal favors Bajaj Auto in the two-wheeler segment due to its valuation and potential recovery.

Chime IPO raises $864 million in long-awaited Nasdaq debut, cuts valuation nearly in half—here’s what it means for fintech’s big revival

Chime IPO has officially hit the stock market, raising $864 million by pricing shares at $27, slightly above expectations. Now trading under the ticker CHYM on Nasdaq, Chime's listing values the fintech at $11.6 billion, down from its $25 billion peak in 2021. Still, investor demand was strong, with shares expected to open at $42, reflecting a 56% jump. As a leading neobank with 8.6 million users, Chime’s success could signal a rebound in the fintech IPO market. With steady growth, early profit signs, and top backers, Chime’s debut is one of 2025’s most watched tech IPOs.

Is Nifty expensive? Why judge today's valuations through yesterday's lens, asks Pankaj Pandey

ICICI Direct's Pankaj Pandey believes India's Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27 PE, are justified by evolving business models and high-growth companies. Pandey favors BFSI, particularly AMCs and banks, and advises against holding excessive cash, recommending instead a shift to defensive large-caps during market downturns.

Paint companies face profitability challenges amidst high competition

Investor concerns persist for paint companies due to intense competition and weak demand, impacting profitability. Despite recent share underperformance, valuations remain high, leading to analyst caution. The entry of new players like Aditya Birla Group intensifies the fight for market share, further pressuring margins and potentially causing incumbent stock prices to struggle.

Eternal among 5 stocks with very high PE ratio

Israeli data security firm Cyera raises $540 million, value doubles to $6 billion

Cyera said that over the past 18 months, it posted 353% growth in Fortune 500 companies, expanded to 10 countries and more than doubled its size to nearly 800 employees globally. In that time it has raised $1.3 billion and its valuation has jumped 12 times.

AI company Glean hits $7.2 billion in valuation in latest funding round

Workplace AI company Glean secured $150 million in its latest funding round, boosting its valuation to an impressive $7.2 billion. Glean develops a "Work AI" platform that acts as an intelligent assistant and enterprise search engine, connecting to and understanding a company's internal data.

Markets in wait-and-watch mode amid global crosswinds: Punita Kumar Sinha

Markets are stable due to the RBI cut and benign macro conditions. Global events like US-China trade talks and internal US economic softening are key factors. India faces mixed economic data, with positives like rate cuts and good monsoons balanced by concerns about valuations and geopolitics. Market momentum exists, but choppiness is expected. Valuations are neutral to high.

Can JioMart, Rapido change the game for Eternal, Swiggy? Deven Choksey answers

According to Deven Choksey, most of the platform companies from investment perspective are quoting at a fancy valuations given that they have been succeeding with the price hike and the charges. But these fancy valuations might get affected if competition like JioMart could start penetrating faster and could possibly create disruption with them.

Cred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billion

The fintech major was valued at $6.4 billion in 2022 during its last major fund infusion. The current fund infusion is in the form of primary capital, which means that existing investors have not sold any shares in this round. The drop in valuation was in line with the company's plans to list in India over the next two years, people in the know said.

Sector rotation expected as policy easing triggers catch-up rally: Sandip Sabharwal

Sandip Sabharwal discusses the positive impact of lower interest rates on infrastructure, construction, and consumer durables, anticipating a festival season revival. He notes the potential growth of electricity derivatives for MCX due to renewable energy sources. While positive on the defense sector, he cautions against excessive valuations, particularly in private sector companies, advising careful entry timing.

Mizuho to acquire Avendus from KKR at $700 million valuation

Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 mn, marking Mizuho's largest investment in India. The deal involves KKR's exit and will give Mizuho up to 70% ownership. Avendus founders, excluding Ranu Vohra, will remain invested and manage the company, continuing its operations across financial services in India, the US, and Singapore.

M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine

Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities.

D-Street's lofty equity valuations are pure Bollywood

Indian equity valuations puzzle experts. Cement companies are pricier than global peers. Some believe retail investors follow tycoons like Mukesh Ambani and Gautam Adani. Adani's cement consolidation may boost pricing power. Domestic funds face pressure to invest due to liquidity. Tech stocks attract global investors, but India lags in innovation. Local investors drive up valuations, even for mediocre firms.