BUSINESS
Sunil Singhania, Madhu Kela bump up stake in this smallcap engineering company; stock gains
As of December end, Singhania already held 2.62 percent stake in Dynamatic Technologies via Abakkus Emerging Opportunities Fund-1
BUSINESS
PVR gains as ICICI Prudential and SBI Mutual Fund pick up Warburg Pincus’ stake
Analysts have a consensus target price of 2,022 on the stock, which indicates a 31 percent upside from the current levels
BUSINESS
Our quant fund has both profitable and undervalued companies: Saurabh Mukherjea
MeritorQ favours companies which generate high returns on capital and are currently undervalued on the price-to-free cash flow basis. The current portfolio has higher weightage to materials, consumer staples and IT, says the fund manager
BUSINESS
Lemon Tree Hotels announces 6th new property in a month, stock gains
The 60-room property in Rajasthan's Sri Ganganagar is the latest hotel that the company has signed in a month. It announced new properties in Manali, Bhopal, Kasauli and Dapoli. They will all get operational between 2023 and 2026
BUSINESS
Paint stocks: Should Asian Paints and Berger fear Grasim’s entry?
If Grasim grabs a 20 percent market share by FY30, then the industry’s operating margins will contract by only 150 basis points while a 5 percent market share can shave off 400 basis points from the margins
BUSINESS
World's 5th largest multiplex chain now also a fast food giant: Should you bet on PVR-Inox?
The company is also a fast-food giant now. It clocked Rs 1,500 crore in F&B sales last year. For context, Westlife Foodworld, which operates McDonalds in North and West, clocked about Rs 2,000 crore annual revenue. Brokerages say box office, F&B sales and advertisement will drive revenue synergies
BUSINESS
Mutual funds added IT and new-age tech stocks in February, sold banks
Among IT names, shares of Tech Mahindra, Coforge, LTIMindtree and HCL Technologies were the top buys
BUSINESS
Market freefall to a 5-month low leaves investors poorer by Rs 4 lakh crore
About 764 shares advanced, 2,748 shares declined and 145 shares were unchanged on March 13 as the market extended losses to the third session on weak global cues following the weekend collapse of Silicon Valley Bank in the US
BUSINESS
‘The CEO factory’ ― HUL gets Rohit Jawa as new head. What challenges await him?
Observers expect this product of St. Stephen’s College and Harvard Business School to continue creating shareholder value, while bringing into India more international brands of Unilever that could do well here
BUSINESS
HUL’s share price gained 300% during Sanjiv Mehta’s tenure
He also led the merger of GSK Consumer Healthcare with HUL which brought Horlicks and Boost into its fold, and social transformation projects such as Hindustan Unilever Foundation, Project Shakti and Suvidha, among many others
BUSINESS
Can bank stocks repeat the massive outperformance of last year?
Fund managers believe that investors should not ignore the obvious risks before rushing for financial stocks
BUSINESS
Analyst Call Tracker: Once a market darling, why investors turned lukewarm on Asian Paints
The prevailing sentiment is that Asian Paints’ moat and market share are now in danger
BUSINESS
Home First Finance sees steepest fall in over 15 months after block deal, Bessemer Capital likely seller
Since its listing in February 2021, the stock has appreciated 25 percent. It is down 31 percent from its all-time high hit in August 2022
BUSINESS
Two Nifty50 stocks top optimism list with only 'buy' calls. What keeps them buzzing?
In spite of much negative news surrounding these stocks, they’re much in favour due to both fundamentals and tailwinds
BUSINESS
Analyst Call Tracker | With all buy calls, Adani Ports tops the ‘Maximum Optimism’ list
It has 21 buy calls and zero sell or hold calls, indicating 100 percent optimism on Moneycontrol’s Analyst Call Tracker for February
BUSINESS
TGIF! Fed, Adani-GQG deal and strong economic data fuel Friday rally on D-Street
All sectors are trading in the green with metals and financials taking the charge
BUSINESS
After 5 years of wait for Adani stake, Rajiv Jain of GQG Partners now keen on more
Jain is confident that the investment would prove to be a sound trade. “About 25 percent of India’s air traffic passes through their (Adani) airports and 25 to 40 percent of India’s cargo volume goes through their ports,” he tells Australian Financial Review
BUSINESS
Crompton targets 15% growth with new star-rated fans portfolio
A one-star rated energy efficient fan will help save Rs 850 on electricity bills every year, said Mathew Job, executive director of Crompton Greaves Consumer Electricals
BUSINESS
Under ki baat: Rupa, Dollar shares rebound to 'oversold' territory
Fundamentally, the fall in cotton prices – which is a key raw material for textile companies – augurs well for their financials
BUSINESS
Rs 16,000 for a fan? Orient Electric bets big on new luxury cooling product
"The margins will be in line with our regular margins currently. We have priced the product as low as we can and don’t want to push for higher margins as of now," says Orient Electric's CEO Rakesh Khanna
BUSINESS
FMCG ad spend is inching up but mass media takes a backseat. Where’s the money going?
Based on the lessons learnt from the COVID times, FMCG companies are spending on innovative above the line (ATL) and below the line (BTL) mediums to raise the level of consumer-connect
BUSINESS
Zee admitted to insolvency, stock falls most in two years on merger delay concerns
As per foreign brokerage UBS, Zee has two options to deal with these developments: File an appeal with NCLAT to set aside the order or pay the amounts in interest of completing the merger
BUSINESS
Hotel stocks set to simmer as room rates shoot up on surging demand
Indian Hotels and Lemon Tree Hotels are the top picks in the sector, given their brand loyalty, robust pipeline, and improving debt-to-equity ratio
BUSINESS
Delhivery falls after stake worth Rs 410 crore changes hands
The stock has been under pressure ever since the company said in October that it expected moderate growth in shipment volumes for the rest of FY23
