capital expenditure

Why are infra and capital-goods stocks still in demand despite premium valuations?

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Why are infra and capital-goods stocks still in demand despite premium valuations?

A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its earnings per share, so a … Read more

Intent vs Delivery: What this govt promised, what it delivered

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Intent vs Delivery: What this govt promised, what it delivered

GDP growth Intent: The budget document is vital to understand GDP growth expected for the next year. The budget is presented two months prior to the start of the next financial year (2024-25) and within a month of the first estimate for the current year (2023-24). Higher growth estimates can mask higher deficit numbers, which … Read more