Key sectors in market may be overvalued: Kotak Institutional Equities
Stocks of companies in key sectors may be overvalued and disconnected to the performance of the companies at least in the short to medium term, according to analyst commentaries.
'The valuations of the market are expensive and of many 'narrative' stocks bizarre after the sharp recovery in the market in the past 4-5 weeks,' the authors said. The rally in railway stocks are an outcome of the general excitement in the small and mid cap (SMID) stocks. In a separate report on overvaluation in cement stocks, KIE blamed 'herd mentality' of analysts behind expensive valuations despite earnings estimates being cut continuously for 10 years.
Speaking about the valuations, V.K Vijayakumar, Chief Investment Strategist at Geojit Financial Services agreed that retail investors were depending too much on stories to pick stocks. Giving defence as an example, he said, since government was the only producer and procurer for these companies, they cannot make high profit. 'Operation Sindoor is making the story greater than it sounds,' he said.
Railways, although not a story, he found the prices of the stocks were going ahead of the fundamentals and disagreed with KIE's view that cement stocks were overvalued.
The conversation on valuation of stocks based on narratives becomes important in the context of increased retail investor participation in the market. 'Many of the 'narrative' stocks are largely owned by retail shareholders,' which may be behind their volatility said KIE. Moreover, a KIE report titled 'Stuck!' said that promoters had reduced their holding in large and mid sized companies over the past 15-20 days. While KIE said that the narrative of Indian exceptionalism need to dampen, Mr.Vijayakumar maintained confidence in the 'India growth story.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
22 minutes ago
- Business Standard
Tech Wizard Saurabh Verma Is Ready To Launch Powerful AI Innovation GlideBotx
VMPL New Delhi [India], June 10: In today's world, where content creation, personal branding, influencer marketing, and marketing teams are on the rise, there is a growing need to make data-driven decisions and generate creative content. These professionals must also optimize marketing strategies, predict audience behavior, write social media captions, craft newsletters, manage AI-driven calendars, and much more. As these roles continue to expand, they need a powerful tool that can handle all of this effortlessly. This is where GlideBotx comes into play. GlideBotx is no ordinary AI tool. Once launched with the power of AI, it is going to take care of many aspects related to personal branding, customer communication, and content automation to newer heights. It is not only going to save time for the users but it will also help build more accurate, impactful and lasting engagement with the users. GlideBotx is an innovative and a revolutionary AI tool in a sense that it helps build one of the most consistent and compelling brand voice across all platforms. The tool has some of the amazing features like AI-generated emails, blogs, and captions, Data-backed content calendars, Automated sales copy & CTA, Audience behavior prediction, Personal brand tone cloning etc. This game changing AI tool has been designed in such a way that it is tremendously going to help digital coaches, content creators and business owners. GlideBotx is ready to redefine the current digital marketing and coaching models. It will introduce its innovative and fantastic features like data-driven decision-making, automated content strategy and AI-generated insights. GlideBotx brings together powerful features including AI-generated emails, blogs, and social media captions, data-driven content calendars, automated sales copy, audience behavior predictions, and personal brand tone cloning. This innovative platform enables users to automate critical workflows while building a consistent, high-impact brand presence across channels. The launch is backed by The Modernist Media Network, known for its work in empowering creators and brands with cutting-edge media solutions. GlideBotx is positioned to support India's growing digital economy by equipping entrepreneurs with the technology needed to expand their global reach. GlideBotx is not just another media venture but it is sort of a cultural movement. The Modernist Media has become a launchpad for creators, brands and thought leaders who are aiming to make global impressions through strategic content, media features and high impact storytelling. Known for his innovative ideas in the field of modern technology, Saurabh Verma is the brain behind GlideBotx which is an advanced AI tool. Saurabh Verma is a globally awarded mentor whose aim is to empower Indian entrepreneurs with scalable business models and amplify India's voice globally through media related innovation. He is also a certified business automation coach and the co-founder of The Modernist Media Network. Interestingly, since 2023 he has been able to deliver over 800 online webinars, inspiring and educating a staggering 4.9 lakh people across geographies. His programs aren't just informative but they are also known to be catalytic. Backed by over 5,000 testimonials, Saurabh's teachings have helped over 15,000 business owners achieve 10X growth within just two years, a testament to his strategic approach to automation, scalability, and mindset reprogramming.
Business Standard
22 minutes ago
- Business Standard
Aquapeya: Our Name Is Our Identity - A Journey of Resilience, Purpose, and Innovation
VMPL New Delhi [India], June 10: In today's fast-evolving business world--where startups emerge and disappear overnight--Aquapeya stands tall as a symbol of resilience, integrity, and innovation. From its humble beginnings in 2018 to becoming a recognizable name in India's beverage landscape, the story of Aquapeya is not just about building a brand--it's about standing for something bigger. Aquapeya: Our Name Is Our Identity For the founders and their team, Aquapeya is more than just a name. It's their identity, their philosophy, and their promise to consumers. Inspired by the Latin word "Aqua" (meaning water), the name reflects values of purity, transparency, and essential truth. In a crowded industry filled with flashy packaging and marketing buzzwords, Aquapeya chooses to represent clarity, honesty, and trust. "We believe water is colorless, tasteless, and truthful. Our brand stands for those very qualities--unfiltered, pure, and without pretenses," says the founder. 2018: The Seed of an Idea The vision of Aquapeya took root in 2018. With a bold tagline--"All IN"--the team set out to redefine the beverage experience in India. But this wasn't just about launching a product. It was about building a brand grounded in sustainability, community engagement, and uncompromised quality. 2019: Establishing the Foundation The next year was all about setting up strong operational structures. Aquapeya focused on building reliable supply chains and distribution networks. Partnerships began to flourish, fueled by the belief that impactful growth is a collaborative journey. The brand gained traction in niche urban spaces and started to explore regional markets with cautious optimism. 2020-2021: Rising Through Crisis When the pandemic hit, Aquapeya adapted instead of retreating. With operations paused and consumer behavior rapidly shifting, the team pivoted toward digital outreach and community engagement. "We didn't just aim to sell--we wanted to serve," recalls a team member. This human-first approach helped the brand stay relevant and build deeper emotional connections with its audience. 2022: Expanding into Carbonated Drinks With growing brand awareness, 2022 marked Aquapeya's entry into the carbonated beverage segment. But this wasn't just a typical expansion--it was a reflection of creative growth. Unlike traditional fizzy drinks, Aquapeya offered cleaner, naturally flavored alternatives with minimalist branding. These products quickly resonated with younger, health-conscious consumers looking for something fresh and fun. 2023: Launch of Fruit-Based Beverages Aquapeya continued to evolve by introducing a line of fruit-based beverages in 2023. Focused on real ingredients and transparent labeling, the new segment struck a chord with Indian households. The tagline "Thirsty Trust" emerged, capturing the brand's dual commitment to satisfaction and sincerity. 2024: The Shark Tank Breakthrough In 2024, Aquapeya reached a defining moment--appearing on Shark Tank India. Their pitch was not just about investment; it was a powerful story of perseverance and purpose. The platform catapulted the brand into national consciousness, offering mentorship, funding, and widespread visibility. Audiences connected deeply with both the product and the vision. 2025: Legal Challenges and Reinvention Every success story faces a defining test. For Aquapeya, that moment came in March 2025 when a legal notice arrived from industry giant Bisleri, claiming copyright and color scheme infringement. But the team didn't back down. "Water has no color--so why should our labels?" became Aquapeya's powerful response and a rallying cry for creative freedom. By June 2025, the brand had fully reimagined its visual identity. The new look wasn't just cosmetic--it embodied a renewed commitment to originality, honesty, and bold independence. With fresh distribution strategies in place, Aquapeya regained consumer trust and market strength. Final Thoughts: A Brand Built on Spirit Aquapeya's story is more than a business case study--it's a testament to what purpose-driven entrepreneurship can achieve. Through every challenge and triumph, one core belief has remained: "Entrepreneurship is always about never giving up." As Aquapeya charts its path forward, its mission stays strong: to be a brand that not only quenches thirst but also nourishes trust, transparency, and authenticity in every drop. Join us on this journey--because just like water, Aquapeya believes in being pure, true, and unmistakably real.
India Gazette
an hour ago
- India Gazette
Swiss packaging firm SIG commits to invest Euro 100 million more in India
Bern [Switzerland], June 10 (ANI): SIG Group, the Swiss packaging solutions provider with over 170 years of heritage, announced plans to invest an additional Euro 100 million in India, building on its existing Euro 200 million commitment as the company capitalises on the country's growing consumer market and government support for foreign investment. Talking exclusively to ANI, Samuel Sigrist, CEO of SIG Group, made the announcement during Commerce and Industry Minister Piyush Goyal's visit to Switzerland, praising the Indian government's commitment to supporting foreign direct investment and outlining ambitious expansion plans for the world's most populous nation. 'I had a very positive meeting,' Sigrist said, referring to his discussions with Minister Goyal. 'I am impressed by the level of detail the minister is involved in and his commitment to support Foreign Direct Investment in India. We are very pleased with the administration and the support we get.' The CEO's comments underscore the growing confidence international companies have in India's business environment under the current administration's investment-friendly policies. SIG's success in India is built on partnerships with some of the country's most recognizable consumer brands. The company's packaging solutions are prominently featured on household names, including Frooti, Maaza, and various Amul products, demonstrating its deep integration into India's consumer goods ecosystem. 'We are partnering in India with big names. Those are really household brands,' Sigrist explained. 'You will find our packaging on brands like Frooti, Maaza... You will also find a lot of different products from have already committed to the next phase of our plant. We invested already EUR200 million and have committed now another EUR100 million to keep expanding in India.' The company's extensive client roster also includes major players such as Coca-Cola, Dabur, PepsiCo (Varun Beverages), Heritage dairy, MilkyMist, Haldirams, Hamdard, Godrej Jersey, and ITC, positioning SIG as a critical supplier to India's food and beverage industry. SIG has established a comprehensive manufacturing footprint across India with facilities strategically located in key industrial hubs. The company operates two offices in Gurgaon and Mumbai, supported by four production facilities manufacturing various packaging solutions. The company's manufacturing infrastructure includes two flexible packaging plants in Palghar, Maharashtra, a filling line manufacturing facility in Chakan, Pune, and its flagship aseptic carton packaging plant in Ahmedabad, Gujarat. This network has created over 300 direct employment opportunities across the country over the past decade. SIG's Ahmedabad facility represents a significant milestone in the company's Indian operations. After signing an MOU with the Gujarat government in September 2023, the company completed construction of its first aseptic carton plant in India in just 20 months, with commercial production beginning in Q1 2025. The facility, built with an initial investment of approximately Euro 90 million (Rs 880 crores), reflects SIG's commitment to the Make-in-India initiative. The investment is planned in phases from 2023-2027, initially targeting production capacity of up to 4 billion packs per annum, with subsequent investments expected to increase capacity to 10 billion packs annually. SIG's technology is playing a crucial role in modernizing India's dairy industry, which is undergoing significant transformation. The company's aseptic packaging technology offers preservative-free, shelf-stable solutions that require no refrigeration, making them ideal for India's diverse geography and infrastructure challenges. This technology ensures food safety, extends shelf life, and significantly reduces food waste, particularly beneficial in high-temperature and remote regions. Recent innovations include MilkyMist's probiotic buttermilk launch, which brings advanced nutrition in a shelf-stable format to mass markets. The company is actively collaborating with the National Dairy Development Board (NDDB), leading dairy cooperatives, and private dairies to create an ecosystem positioning India as the global dairy capital while supporting farmers, consumers, and national food security goals. Founded in 1853 and headquartered in Neuhausen, Switzerland, SIG has established itself as a global leader in sustainable packaging solutions for liquid food and beverages. The company serves customers in over 100 countries through its workforce of approximately 9,600 employees worldwide. In 2024, SIG produced 57 billion packs and generated Euro 3.3 billion in revenue. The company's commitment to sustainability is recognized through its AAA ESG rating by MSCI, Platinum CSR rating by EcoVadis, and inclusion in the FTSE4Good Index. SIG's unique portfolio includes aseptic carton, bag-in-box, and spouted pouch solutions, enabling the company to provide end-to-end solutions for differentiated products, smarter factories, and connected packaging. The company's technology and innovation capabilities address evolving consumer needs while supporting its mission to create a regenerative food packaging system. With its additional Euro 100 million commitment, SIG's total investment in India will exceed Euro 300 million, reflecting the company's long-term confidence in the Indian market. This expansion aligns with India's growing consumer base of 1.4 billion people and the country's increasing focus on food safety, sustainability, and modern packaging solutions. The investment announcement comes as international companies increasingly view India as a critical growth market, supported by favorable government policies, a large consumer base, and improving infrastructure. SIG's success story demonstrates how foreign companies can build substantial operations in India while contributing to local employment, technology transfer, and industrial development. (ANI)
