The current weak sentiment may be just the right opportunity to gradually accumulate these high quality businesses for the long term.
The base issue size was fixed at Rs 3,500 crore. Since it received an overwhelming response, the government has decided to retain Rs 10,000 crore as divestment proceeds.
Amid market volatility and weak demand outlook, the stock has corrected quite significantly, thereby making valuations attractive and offering investors a great buying opportunity
Safari is the third largest player in the organised luggage market and has close to 10 percent market share.
While the details are not yet available, the deal would also be looked from the perspective of immediate scalability, working capital, synergy benefits and adjoining land bank
In recent times, investors have seen better and upfront recognition of stress from Yes Bank
With increasingly data being consumed on 4x5 inch screens, the Indian media and entertainment (M&E) sector is set for a major overhaul
After strong results, the stock has seen a sharp uptick intraday, however, it is still 5 percent below its 52-week high, at a 2020e PE of 22x. With a strong order book line up, improved exports and backward integration we expect the current performance to sustain.
Novelis' EBITDA stood at $322 million or Rs 2,300 crore, which is close to or higher than Hindalco's standalone (including Utkal Alumina) EBITDA of Rs 1,926 crore in Q3 FY19
The performance of the LPG, pipeline and renewable energy business remained largely muted.
The stock is currently trading at an elevated multiple of 54x FY20 estimated earnings compared to its own history and FMCG universe.