Shares of Rama Prasad Goenka (RPG) and the RP-Sanjiv Goenka (RPSG) Group, led by the two Goenka brothers, have become Dalal Street's new darlings this year. Stocks including PCBL, Spencer's Retail, RPG Life Sciences, and RPSG Ventures have gained up to 60 percent in the last month.
The Goenka business was split in 2010 between Harsh Goenka and Sanjiv Goenka. Harsh Goenka-led RPG Group houses CEAT, KEC International, Zensar Tech, RPG Life Sciences among other companies. Meanwhile, Sanjiv Goenka-led RPSG Group houses CESC, PCBL, Firstsource, Spencer's Retail, NPCL, RPSG Ventures, and some other firms.
RPSG Group stocks
The stocks of the RPSG Group have seen a notable performance as well. While PCBL has zoomed 60 percent in the last month, Firstsource has gained around 17 percent, beating benchmark Nifty's returns during this period. The gains came after Chairman Sanjiv Goenka's bullish projections for both firms.
The RPSG Group chairman projected a fivefold increase in PCBL’s profit over the next five years, aiming for Rs 2,400-2,500 crore. For Firstsource, he expects profits to rise 2.5 times in three years, driven by a shift to high-margin businesses and cost reductions. The company is also focused on completing an acquisition and securing three deal wins per quarter.
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Meanwhile, RPSG Ventures has surged around 58 percent in the last month on high volumes. The company, together with its subsidiaries, manages a diverse portfolio of businesses encompassing IT services, business process services, FMCG, real estate, and sports, among others.
It holds a 53.66 percent stake in Firstsource and a 51 percent stake in RPSG Sports, which holds the right to own and operate the Lucknow Super Giants IPL team.
CESC has gained 24 percent in the past month with several brokerages sharing bullish calls on the stock and power utility sector. READ MORE
Spencer's Retail stock was up 9 percent on August 27. In the past month, the stock has climbed around 37 percent.
This comes as Shashwat Goenka, Vice Chairman of RPSG Group, said that every vertical—from energy and carbon black manufacturing, now expanding into chemicals, to retail, consumer, media, entertainment, and BPO businesses—will undergo significant transformation and growth, both organic and inorganic, in the coming years.
RPG Group stocks
RPG Group stocks also saw significant gains this year, but some have moderated in the last month. In the past month, CEAT rose about 9 percent, while RPG Life Sciences surged nearly 18 percent and STEL Holdings jumped 13 percent.
KEC International, which gained 24 percent over the past six months on account of several order wins, dipped around 1 percent this month. Similarly, Zensar Technologies, up 42 percent year-to-date, declined by 4 percent in the last month.
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