Lloyd Electric & Engineering has sought shareholders' nod to sell the consumer durables business to Havells as well as to cease the usage of 'Lloyd' brand and change the name of the company.
According to Shahina Mukadam, Independent Market Expert, one may hold Lloyd Electric.
Their main aim is to deleverage the balance sheet and increase investments into high margin businesses like OEMs, rail and defence air conditioners, transport air conditioners etc, said Nipun Singhal, Director, Lloyd Electric & Engineering.
After the public sector banks, private banks could also see some consolidation, believes SP Tulsian of sptulsian.com.
CNBC-TV18's Reema Tendulkar lists out stocks that you should focus on.
In an interview with CNBC-TV18, market veteran SP Tulsian and Rabindra Nath Nayak of Dolat Capital Group Company gave their take on the Havells-Lloyd deal.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Havells, Lloyd Electricals, Idea Cellular, Jaiprakash Power, TCS, JSPL, Torrent Pharma, Amtek Auto, IDBI Bank and Mahanagar Gas.
The stock, even after a positive opening, failed to hold on to the momentum and plunged 15.15 percent to Rs 278.15 on the BSE.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Jindal Steel & Power, HCC and Lloyd Electric and feels that one can buy Maruti Suzuki on declines.
The acquisition of Lloyd Electric will be neutral on the earnings per share of Havells India's in FY18 and EPS-accretive thereafter, says Havells' CMD Anil Raj Gupta.
While analysts are comfortably placed with the deal‘s pricing, they have highlighted some challenges such as hit in EBITDA margins, lack of synergies, among others, for Havells that will emerge from this deal.
The electrical goods company Havells today said it will acquire consumer durable business of Lloyd Electric & Engineering for about Rs 1,600 crore.
SP Tulsian of sptulsian.com, explains why he is bullish on Petronet LNG. He also discusses key pharma sector likes Cadila Healthcare, Divis Laboratories and Aurobindo Pharma.
HDFC | Idea Cellular | BHEL | Cadila Healthcare | Indiabulls Housing Finance | IOC | Vedanta | Shilpa Medicare | Biocon | Siemens | Eveready Industries and Mahindra & Mahindra are stocks, which are in the news today.
Ashwani Gujral of ashwanigujral.com suggests buying Bharat Financial Inclusion and West Coast Paper and advises selling Zee Entertainment.
Pratibha Industries | Bodal Chemicals | Oil India | Tata Elxsi | Cadila Healthcare | NBCC | Jyoti Structures | Transformers & Rectifiers | Rallis India | HPL Electric | High Ground Enterprise | Navkar Corp | Navneet Education | GVK Power | L&T Finance | Lloyd Electric | PC Jeweller and Jindal Stainless are stocks, which are in the news today.
Shahina Mukadam, Independent Market is of the view that one can hold Lloyd Electric.
Watch the interview of Nipun Singhal, Director of Lloyd Electric & Engineering with Ekta Batra and Nigel D'Souza on CNBC-TV18. He shared his views on the impact of demonetisation on white goods.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Dishman Pharma, HDFC and Eicher Motors.
Ashwani Gujral of ashwanigujral.com is of the view that tyre stocks like Ceat, MRF and Apollo Tyres are nice shorting opportunities.
CNBC-TV18's Nigel D'Souza tells you six things you should know about Lloyd Electric before investing in it.
Ashwani Gujral of ashwanigujral.com is of the view that one can short ICICI Bank and buy Lloyd Electric.
The market, which fell close to 100 points today, is still on its bull run, believes Jagdish Malkani, member of NSE.
Ashwani Gujral of ashwanigujral.com advises buying Buy Lloyd Electric, Garware Wallrope and Escorts.
GE Transportation has signed a contract with the company to supply custom designed air-conditioning units for the Indian Railways Marhowra Locomotive project, manufactured in company's factory in Bhiwadi, Rajasthan over a period of 11 years.