Samie Modak

Mumbai

Senior Market Editor at Business Standard

Market Editor @bsindia

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Articles

Flawed to say domestic flows alone inflate India's valuations: Ridham Desai

3 weeks ago | business-standard.com | Samie Modak |Sundar Sethuraman

The domestic markets have traded at a premium to emerging market (EM) peers long before the domestic investment boom, says Ridham Desai, managing director and chief India equity strategist, Morgan Stanley India. In an interview with Samie Modak and Sundar Sethuraman in Mumbai ahead of Morgan Stanley's annual India Investment Forum, Desai said sustained foreign portfolio investor (FPI) flows will depend on India maintaining its appeal as a stable and high-return market. Edited excerpts:
For Now DIIs In Driver's Seat...

1 month ago | rediff.com | Sundar Sethuraman |Samie Modak

The interplay between domestic and foreign capital will shape India's equity markets. In a significant shift, domestic institutional investors (DIIs), primarily mutual funds and insurance companies, have surpassed foreign portfolio investors (FPIs) as dominant shareholders in India's equity market. According to Prime Database, DIIs held a 17.62 per cent stake in companies listed on the National Stock Exchange, edging out FPIs at 17.22 per cent, as of March 2025.
If macro conditions hold, IPOs will top 2024's record tally: Sunil Khaitan

1 month ago | business-standard.com | Samie Modak |Sundar Sethuraman

The equity capital market (ECM) broke the record last year when it mobilised Rs 1.6 trillion mobilised through initial public offerings (IPOs).
DIIs overtake FPIs as dominant investors in Indian markets in March quarter

1 month ago | rediff.com | Samie Modak

Domestic institutional investors (DIIs), mostly mutual funds and insurance companies, overtook foreign portfolio investors (FPIs) in ownership of NSE-listed companies in the March quarter of 2025. According to Prime Database, DIIs held a 17.62 per cent stake, up from 16.89 per cent in the December 2024 quarter. FPI ownership stood at 17.22 per cent. It is the first time DIIs have outpaced FPIs since Prime Database began tracking data in 2009.
Surge in spending, India Inc rides the Corporate Social Responsibility wave | Industry News - Business Standard

1 month ago | business-standard.com | Samie Modak

Prominent blue-chip firms like NTPC, Coal India, Wipro, and Reliance Industries also exceeded the 2 per cent mandate
From 96% holding to a sliver: How Gensol promoters made swift exit

2 months ago | rediff.com | Samie Modak

When Gensol Engineering made its public market debut through a small and medium enterprises (SME) initial public offering (IPO) in September 2019, its promoters held a commanding 96 per cent stake. Now, that figure has shrunk to a “negligible” fraction.
Tuhin Kanta Pandey

2 months ago | business-standard.com | Khushboo Tiwari |Samie Modak |Vikas Dhoot

Pandey highlighted Sebi's efforts to engage with foreign portfolio investors and market participants to streamline complianceKhushboo Tiwari Samie Modak Vikas Dhoot Following a stellar 2024, initial public offering (IPO) activity has stalled, with no mainboard listings since mid-February.
Corrections help adjust stretched equity valuations: Oisharya Das

2 months ago | business-standard.com | Samie Modak

The domestic wealth management industry is undergoing significant changes due to global uncertainty, market fluctuations, rising competition, and evolving client needs, says OISHARYA DAS, chief executive officer - private banking, Kotak Mahindra Bank. In an email interview with Samie Modak, Das discusses how these changes are influencing business strategies, client relationships, and investment approaches. Edited excerpts:How has the market fall impacted the business and client sentiment?
Next significant market surprise likely to be on the upside: Mukul Kochhar

Mar 18, 2025 | business-standard.com | Samie Modak

The market fall has created a favourable investment landscape, even as investor mood remains subdued, says Mukul Kochhar, head of institutional equities, Investec India. In an email interview with Samie Modak, Kochhar says the most reliable investment approach centres around selecting mispriced stocks and holding them for the long term. Edited excerpts:Has the market turned attractive post the selloff? When market sentiment weakens, valuations often reach more attractive levels.
CLSA lowers target price for IndusInd Bank to Rs 900 but sees 34% upside

Mar 15, 2025 | rediff.com | Samie Modak

Global brokerage CLSA has lowered its target price for IndusInd Bank from Rs 1,200 to Rs 900 while maintaining an outperform rating on the stock after the private lender disclosed a net worth hit of Rs 1,500 crore due to an accounting gap. The revised price target still implies an upside of 34 per cent from current levels. Shares of IndusInd Bank last closed at Rs 672, down 1.84 per cent from previous close of Rs 685.