Ujjivan had raised Rs 264.74 crore from anchor investors during its initial public offering. The investors included Birla Sunlife Trustee Company, ICICI Prudential, UTI Mutual Fund, Reliance Capital , Sundaram Mutual Fund, Tata Mutual Fund, HDFC Standard Life Insurance, Bajaj Allianz Life Insurance, Reliance Life Insurance, among others
During the quarter, its consolidated net profit jumped 37.7% to Rs 25.88 crore from Rs 18.7 crore in the corresponding quarter last fiscal. The media company's revenue saw a growth of 12.7 percent Rs 98.5 crore from Rs 87.4 crore year-on-year
SP Tulsian of sptulsian.com has a target of Rs 50 for SpiceJet from one year perspective and Rs 600 for Clariant Chemicals in the next six months.
SP Tulsian of sptulsian.com is bullish on Cochin Minerals and Escorts and recommends the same to investors.
Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Gautam Sinha Roy of Motilal Oswal Securities advise investors to make intraday trades and bet on Den Network and Ceat Tyres.
SP Tulsian of sptulsian.com expects the Nifty to be rangebound between 5650-6000 in May series. In an interview to CNBC-TV18, he cautioned that the Bank Nifty is likely to correct on the back of poor Q4 numbers of public sectors banks.
SP Tulsian has selected Cholamandalam Investment and Sangam as his multibagger picks for the day. In an interview to CNBC-TV18, Tulsian says his choice of picks is due to positive numbers posted by the two companies.
As expected UK based Diageo‘s open offer for 26 percent stake in United Sprits has failed, according to a report by Wall Street Journal. However this is unlikely to stop alcohol giant from acquiring Vijaya Malaya owned company.
Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Dilip Bhat of Prabhdas Lilladher advise investors to wait till the market to move beyond the 5,850-5,930 range and bet on TVS, Bharti-Airtel.
SP Tulsian of sptulsian.com holds a cautious view on Bharti Airtel until there is any outcome from the SC on Monday when 2G matter will come up for hearing. In the midcap space he holds a positive view on Tata Global, Century Textiles, Sintex Industries and Dish TV.
With RIL‘s results coming up next week, net profit or profit after tax (PAT) expectations are plus or minus Rs 50 crore of their Q3 PAT figure of Rs 5500 crore, says SP Tulsian of sptulsian.com.
SP Tulsian of sptulsian.com, says that the auto sector is witnessing the worst situation in last eight-10 years where overall the sales are falling on a monthly basis in last 3-4 months.
SP Tulsian, sptulsian.com, feels that with the current political development of DMK pulling out of UPA government, definitely the pace of reforms will slow down but it will not come to a grinding halt at this stage.
Despite the midcap carnage and the slight recovery seen in them in the past two weeks, SP Tulsian of sptulsian.com is not shying away from the midcaps.
Market expert SP Tulsian of sptulsian.com is bullish on Adani Enterprises,Godrej Industries, SpiceJet and Pantaloon Retail. He sees an upside of 9-15 percent in these stocks going ahead.
Indian market is struggling to sail through a difficult market. December quarter earnings and WPI inflation will be the key for the market next week. SP Tulsian, sptulsian.com feels that the Nifty may see a gain of 130-150 on an aggregate basis for the next week.
SP Tulsian of sptulsian.com, says that NTPC OFS has been a successful issue. However, it is interesting to note that till 3.15 pm OFS had received close to about 95 crore shares and inlast 15 minutes 40 crore odd shares were sold at an indicative price of Rs 146-146.50.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com gives his views on the market's performance. The Nifty today ended trade at 5938 down 20 points.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com gives his views on a few multibaggers. On IRB Tulsian predicts the stock to move to Rs 140-145 level in the next 15-20 days.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com gives his expectations on the market week ahead. Tulsian says that despite the current weakness in the market, he is not too worried about it.
Oil India offer for sale (OFS) floor price, is set at Rs 510 per share, at a discount of 5.6 percent to the current market price. The company will offer 6 crore shares and the auction kicks off tomorrow. The government will raise around Rs 3,000 crore via OFS route.
SP Tulsian, sptulsian.com, says that he is positive on Suzlon and Sintex.
In an interview to CNBC-TV18, SP Tulsian, sptulsian.com takes a positive call on Suzlon. "If somebody can keep a view of 2-3 years, it can give a 200-300 percent return, but yes, in the near-term for 2-3 months that stock should settle at about Rs 24-25 with very minimal downside risk from hereon," adds Tulsian.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com picks two stocks as his multi-baggers for the day. Tulsian is bullish on SpiceJet and Shalimar Paints. Tulsian predicts SpiceJet's target price to be Rs 60 in the next six months.
SP Tulsian, sptulsian.com, says that Sintex has posted numbers in line with the expectation and he has a positive view on the stock. However, he is negative on all UP-based sugar stocks.