SUBPAR RETURNS
PMS Talk: AI, defence and electronics manufacturing are the next growth engines, says Vaibhav Agarwal
In this edition of ETMarkets PMS Talk, we speak with Vaibhav Agarwal, Founder & CIO, Accelt Asset Management LLP, about how his team’s bottom-up stock-picking approach identifies businesses capable of delivering sustained earnings growth. He explains why smallcaps offer opportunities among companies growing earnings at 25–30%, how the GMCV framework — Growth, Management, Capital Efficiency and Valuation — helps separate potential compounders from value traps, and why paying the right price matters even when a business has a compelling growth story.
Pakistan vs Sri Lanka: Probable playing XIs, pitch report, weather, date, time, live telecast and more
Pakistan and Sri Lanka will compete in the opening match of the 2026 ODI Tri-Series. The match will begin at 1:30 PM IST and will feature a double round-robin format. Weather conditions in Rawalpindi are favorable for batting and run-scoring is expected to be easier. The Sony Sports Network will broadcast the match live in India for the audience.
Good time to increase equity allocation; risk-reward is favourable: Vetri Subramaniam, MD & CEO, UTI AMC
Vetri Subramaniam took over as Managing Director (MD) and Chief Executive Officer (CEO) of UTI Asset Management Company in February this year. In this discussion with Sanket Dhanorkar, he shares his market outlook and the fund house’s strategy to improve performance.
Warren Buffett and his arithmetic: Why one might be better without dividend
He could have called it a record and nobody would have argued. Instead he opened with the bad news, explained why the number was not good enough, and promised not to move the measuring stick to make himself look better. Then he spent several pages proving, with arithmetic, why he will not pay his shareholders the dividend many of them keep asking for. All that in one letter to shareholders from Warren Buffett.
Gold ETF inflows jump 67% to Rs 2,596 crore in August. Why are investors piling in?
Gold prices and Gold ETFs have delivered strong returns, but experts caution investors against chasing recent performance. While central bank buying, geopolitical risks and diversification benefits support gold’s medium-term outlook, its lower Sharpe ratio highlights its cyclical nature. Experts recommend treating gold as a portfolio diversification tool and maintaining an appropriate allocation rather than increasing exposure solely because prices have risen.
ETMarkets Smart Talk | India could start looking attractive on FY28 earnings in six months: Nitin Raheja, Julius Baer India
While the Nifty 50 is currently trading around its long-term historical averages, sustained earnings growth and continued domestic inflows could make the market increasingly attractive from a forward-looking perspective.
Stocks, gold and debt: Why ICICI Pru’s Dharmesh Kakkad favours a multi-asset strategy now
ICICI Prudential's Dharmesh Kakkad advises investors against chasing the best-performing asset classes, arguing that a dynamic multi-asset allocation strategy offers better risk-adjusted returns in a volatile market. He believes diversified exposure across equities, debt and commodities can help investors navigate uncertainty while reducing emotional biases.
Value picks hard to come by on a Street full of stretched valuations
Investors are finding it tough to pick winning stocks in India. Many companies are trading at very high prices compared to their earnings. This trend means fewer stocks are considered good value. Experts caution that this situation might not last. The market could see a correction, though the timing remains unknown. Investors are advised to be careful.
Bajaj Housing Finance will give subpar returns, says Motilal Oswal: Here’s why
Motilal Oswal initiates coverage on Bajaj Housing Finance with a neutral rating. The brokerage anticipates moderate growth and subdued return ratios. Valuations appear stretched, trading significantly above the IPO price. AUM and profit are expected to rise, but at a slower pace. NIMs may face pressure. The financier has a granular loan book with good asset quality.
Employee takes four-day approved leave and returns to find himself on PIP. What happened?
An employee's request for a four-day leave led to unexpected consequences. Despite approval, the manager insisted on target completion during the break. Upon return, the employee faced accusations of subpar performance. HR then placed the employee on a Performance Improvement Plan. Online reactions included calls to name and shame the company. Some suggested leaving the toxic environment for better opportunities.
Marketing firm Maino.ai raises $1.8 million in funding led by India Quotient
A substantial portion of the funds will be allocated to building and scaling teams in key domains such as technology, product development, design, and strategy, said Rishabh Kumar, one of the three cofounders of Maino.ai.
Strike at the Eiffel Tower as staff go on strike
Eiffel Tower staff strike disrupts operations, disappoints visitors. Concerns over financial management halt visits to iconic monument, jeopardizing safety. Built by Gustave Eiffel, the architectural marvel attracts six million visitors annually.
ITC expected to announce hotels biz demerger as soon as next month: Report
Indian conglomerate ITC could demerge its hotel business, according to reports. The move to create an alternate structure to the struggling arm, which accounts for over 20% of the company's capex, would enable ITC to overcome concerns over the high capital expenditure on the hotels business and subpar returns
Timing the market vs time in the market: Which is better?
Amid all this, it is natural for investors to believe that they would be better off staying away from equities. But this argument has a flaw - we are looking at hindsight and trying to predict the future.
Why analysts see no upside in PNB stock despite 78% jump in Q2 net
Emkay Global has retained its sell call on the stock due to slower growth, ongoing concerns around asset quality and subpar return ratios when compared with other public sector banks. It has valued the stock at Rs 35.
Reliance still reasonably priced amongst blue chips: Gurmeet Chadha
“We have to be selective in putting incremental capital to work. I am not a great believer of booking profits and then re-entering because it involves two legs. You might get lucky in exiting. You may not get lucky while entering back.”
Smart on beta: Low volatility stocks Do better in longer term
The Nifty Alpha Low Volatility 30 index has delivered a 19.2 per cent return annually over the past decade compared with the 13.1 per cent gain in the Nifty 50.
Nifty 200 momentum beats Nifty, strategy indices on returns chart
Data show that more often than not, swimming against the tide might yield subpar returns. Historical yields on the momentum index — a gauge that captures the performance of stocks in favour — have generally exceeded those of the broader markets.
Tiger Woods returns to video games, this time with 2K series
It's possible Woods may never return to the PGA Tour, where his 82 victories are tied with Sam Snead for most all-time, but his name and likeness will be used exclusively in the "PGA Tour 2K" franchise.
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