Jun 29, 2021 07:48 AM IST
IFGL is a proxy play for the increased production of steel, likely to be seen in FY22 and FY23. Investors can accumulate this stock and add on decline. We had also recommended IFGL back in April 2021. We expect revenue growth of 10 percent and 12 percent respectively for FY21 and FY22. IFGL is trading at a P/E multiple of 14x/11x FY22E and FY23E respectively.
- Jun 28, 2021 10:29 AM IST
IFGL is a proxy play for the increased production of steel, which is likely in FY22 and FY23
- Mar 21, 2017 12:06 PM IST
- Mar 16, 2017 04:02 PM IST
Talwalkars, the health and fitness centre chain, says the deal will cut the cost of setting up or acquiring a gym by 35-40 percent.
- Feb 22, 2017 01:45 PM IST
Shares of Reliance Industries zoomed over 10 percent in trade Wednesday, a day after the company‘s chairman Mukesh Ambani disclosed new tariff plans for its telecom arm Reliance Jio.
- Feb 17, 2017 03:44 PM IST
Reference price of steel needs to be revised in line with international prices and cost of production to stop dumping of steel into India, said Joint MD & Group CFO Seshagiri Rao of JSW Steel.
- Feb 14, 2017 05:27 PM IST
Max Speciality Films, manufacturing arm of Max Ventures and Industries, has approved a joint venture with Topann Printing of Japan. Topann will acquire 49 percent in Max Speciality Films through a combination of both primary and secondary issuance of shares, said Sahil Vachani, MD, Max Ventures and Industries.
- Feb 11, 2017 06:47 PM IST
Idea cellular, which is Aditya Birla group‘s flagship telecom venture has posted one of the worst quarterly results since its listing. It has clocked in losses of Rs 385.5 crores in the third quarter. Prakash Diwan of Altamount Capital says that the stock will slip when the market opens on Monday morning.
- Jan 10, 2017 10:46 AM IST
In an interview to CNBC-TV18 Sabu Jacob, Chairman & MD, Kitex Garments said the company is planning for a very aggressive capacity expansion over a period of three years.
- Jan 05, 2017 02:31 PM IST
The company has passed on crude price movements to customers, says Vinati Saraf Mutreja, ED of Vinati Organics.
- Jan 02, 2017 12:38 PM IST
Prime Minister Narendra Modi's New Year eve indicates a no nonsense approach towards corruption says Mahesh Vyas, MD and CEO of CMIE.
- Dec 12, 2016 12:26 PM IST
Finance cost is lower due to rupee being stronger, said RN Misra, Chairman & MD of SJVN.
- Nov 29, 2016 03:45 PM IST
Hyderabad-based pharmaceutical company Laurus Labs will open its initial public offering for subscription on December 6 and close on December 8. It has fixed price band at Rs 426-428 per shares.
- Nov 21, 2016 03:15 PM IST
Expect bottomline to improve by 15 percent versus 11 percent historically, says PP Gupta, MD of Techno Electric and Engineering Company.
- Oct 28, 2016 03:21 PM IST
Speaking to CNBC-TV18, Ravi Kant Jaipuria, Chairman of Varun Beverages said that the company will reduce debt with proceeds of initial public offering (IPO) by 25 percent, says.
- Oct 06, 2016 02:00 PM IST
In an interview with CNBC-TV18, Vinod Dasari, MD, Ashok Leyland and President of auto body SIAM, talked about the sales outlook ahead of the festive season and business in general.
- Oct 05, 2016 04:05 PM IST
Have robust expansion plans and would have 26 oncology centers by end of FY18 from the current 17 centers, said BS Ajaikumar, Chairman and CEO, Healthcare Global Enterprises.
- Oct 05, 2016 10:33 AM IST
Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
- Oct 04, 2016 10:27 AM IST
Irrespective of RBI's decision on interest rates on Tuesday, effective interest rates will fall over the next few months, Nandan Chakraborty, Managing Director, Institutional Equity Research, Axis Capital said. There could be a slight de-rating but index will have an upside of 15 percent on an average, he added.
- Sep 22, 2016 08:52 AM IST
Everything is falling right in place for the Indian markets so the uptrend is likely to continue in the near term feels Vikas Khemani of Edelweiss Financial Services. He believes valuations are reasonable right now and investors would be positively surprised with the earnings growth in coming quarters.
- Sep 19, 2016 11:15 AM IST
Over the last six months, the government has put in a lot of building blocks in place for a broad-based growth and focus will now be on implementation of these policies says Bharat Iyer, Head Of India Equity Research at JPMorgan.
- Sep 17, 2016 01:26 PM IST
The funds raised from the IPO would be used for paying term debt, working capital requirement and other corporate purposes, said Gautam Seth, Joint Managing Director, HPL Electric.
- Aug 17, 2016 05:22 PM IST
In an interview with CNBC-TV18, IS Jha, Chairman and MD, Power Grid Corp of India, talked about the company's first quarter earnings and the company's order book position ahead.
- Aug 02, 2016 10:31 AM IST
Speaking to CNBC-TV18 Manish Gunwani of ICICI Prudential Mutual Fund said that the earnings on a reported basis are in line with expectations. â€œThey are neither a big beat nor a big mess.â€ The commentary is mixed, he said.
- Jul 26, 2016 01:23 PM IST
Speaking to CNBC-TV18 Sajjan Jindal, Chairman and Managing Director of JSW Steel said that he will be focussing on adding value to steel products.