Valuation

The main reason for the FIIs' bullish outlook on consumer durables is the expected increase in earnings in the second half of fiscal year 2026. The sector had seen a sharp derating in the past six months.

Ashish Gupta, CIO of Axis Mutual Fund, notes that between a massive IPO pipeline and nearly $30 billion in the unlocking of pre-IPO stakes, the sheer volume of equity supply is curbing market returns.

Valuation expert Tim Koller reflects on heated equity markets, the rise of retail investing and the myths that still cloud our understanding of performance, while reminding companies that long-term value still depends on fundamentals, not momentum.

Wakefit is growing fast, but rising inventory, high attrition and a widening loss base raise tough questions about its valuation premium.

PhysicsWallah listed at a 33% premium to its IPO price, and its shares ended Day 1 at a valuation of ₹44,000 crore (about $5 billion). The stellar debut has given the edtech sector hope after years of funding decline. And its success contrasts with the struggles of rivals Byju's and Unacademy.

Mutual funds are increasingly investing in IPOs, with a 38% rise in investments this year. The shift is driven by sluggish secondary markets and a desire for better returns, despite high valuations. Concerns arise over MFs exiting investments shortly after IPOs, questioning their long-term strategy.

Selective small-caps have the potential to grow much faster than large-caps, offering fund managers maximum potential for generating alpha through active stock selection, says Gunwani.