COMPANY
This isn’t Hotel California! Sebi’s new delisting rules signals maturity of Indian equity market
This week not only did we overcome a 17 year wait to get into the World Cup final, but we also overcame a waiting period of 19 years to gain freedom from RBB mechanism for delisting of a company.
Sebi penalises Kwality's former MD, others for misrepresenting company's financials
Fine totalling Rs 3.75 crore were slapped on former promoter and MD of dairy firm Kwality's Sanjay Dhingra and other entities for misrepresenting the financials of the company. Kwality went into insolvency process in December 2018 and was acquired by Sarda Mines through the liquidation process in 2022.
Sebi proposes mandatory disclosure of 'risk-adjusted return' by mutual funds
Risk-adjusted return offers a comprehensive view of a mutual fund's performance by measuring the return earned per unit of risk taken. Currently, regulations do not require disclosure of RAR alongside standard returns for mutual funds.
Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Moody's assigns Ba3 rating to Piramal Capital and Housing Finance, outlook Stable
he rating agency said that Piramal Finance is driven by its high capitalization and an increasingly diversified portfolio mix, offset by its relatively low profitability, risks from its legacy real estate exposures and wholesale funding.
Why cement biggies like to take inorganic route to grow
This was followed by more prominent deals in recent times. In 2022, Adani Group acquired ACC and Ambuja Cements from Holcim. The acquisition of ACC-Ambuja cement assets was valued at ₹81,400 crore.
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Whirlpool shares skyrocket 19% as Bosch weighs bid for parent company
Robert Bosch is eyeing a bid for Whirlpool Corporation, led by CEO Stefan Hartung. The potential acquisition could include popular brands like KitchenAid and JennAir, strengthening Bosch's position in the home appliances sector.
Sebi eases trading norms for company insiders
"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said .
15 rural theme stock ideas with upside potential of over 18%
For the first time in five quarters, rural demand has outpaced urban demand. Rural volume growth was 7.6% in Q1CY24 vs 5.7% urban volume growth in the same quarter reflecting the evolving rural market dynamics. Domestic brokerage firm, Way2Wealth believes that the expectation of better monsoon and rural policy push by the government can lead to sustainable growth in the coming quarters, thus driving rural demand and economy. Recognizing the significance of the rural market, which still accounts for 65% of the country’s population, Way2Wealth listed 15 picks involved in the rural sector:
$100 billion m-cap: ICICI Bank 6th Indian company to join the league
The other five companies that have reached the $100 billion market capitalisation milestone are Reliance Industries, Tata Consultancy Services, HDFC Bank, Bharti Airtel, and Infosys. Notably, Infosys reached this milestone in January 2022 but could not maintain that level for long.
Sebi’s diktat on IPO-bound companies gives a jolt to PE investors
Sebi is intending to advance the timing of terminating special rights, from the date of listing of IPO shares to the date of filing of updated DRHP.
Craftsman Automation shares rally 11% after company signs MoU for potential acquisition
Craftsman Automation's stock rose 11% on BSE after a significant MoU with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II for a potential acquisition.
Amara Raja shares rally 20% to fresh highs as company signs agreement for lithium ion batteries
Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.
TRADERS’ CORNER: A private bank and the holding company getting ready for 4 to 6% upmove
Momentum coming back to select stock from different sectors.
Holding company stocks rally up to 20%. Here’s why
Shares of holding companies like Bombay Burmah, Tata Investments, JSW Holdings and TVS Holdings rallied up to 20% on BSE on Monday as the Securities and Exchange Board of India (Sebi) introduced special call auctions with no price bands for price discovery of investment holding companies.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%
While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Raymond shares rally 6% as NCLT approves group entities’ demerger, amalgamation
Shares of Ramond surged 6% on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm.
Headwinds of high FPI exposure, but good for long term: 6 stocks the financial services sector with an upside potential of up to 25 %
One of the most intriguing aspects of presenting the return performance of stocks, or any asset class for that matter, is how a slight adjustment in the calculation date can dramatically alter the perception, making the glass appear either half full or half empty. This phenomenon is particularly evident in the case of financial service stocks. Recently, these stocks have often been portrayed as underperformers. However, this overlooks the fact that over the long term, they have provided substantial returns and generated significant wealth. The short-term underperformance of these stocks can be attributed to their heavy ownership by Foreign Portfolio Investors (FPI). As FPIs have been net sellers in Indian equities, financial service stocks have faced selling pressure. Nevertheless, the relative decline in stock prices is considerably less severe than in previous instances of similar selling activity. Given the robust fundamentals of these stocks compared to a few years ago, it is prudent to view them from a long-term investment perspective.
Need to have one, strong brand or big market size: 4 midcap stocks with right levels of RoE and upside potential of up to 21%
In all market conditions investing in mid-cap stocks is always a challenge for any investor. This challenge gets much bigger when the valuations are extremely high but at the same time the market is in a strong bullish trend. A choice has to be made between taking risk or losing the opportunity of making returns in a short period of time. In such times, it would be better that investors should be cautious in selecting the stocks, better to go with buying in smaller quantities and keep some cash allocated for the stocks, but only to be used on the day when there is absolutely chaos on the street. Why this strategy is likely to work, because it will take care of volatility which is bound to happen when valuations are not on the side of bulls. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameter
According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major action
Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.
Special call auctions to aid holding companies price discovery, narrow discounts
Sebi introduces special call auctions for price discovery of holding companies, narrowing the market-book value gap. Stocks like Kalyani Investment trade at 60-85% discount to book value.
Stanley Lifestyles high on luxury quotient, raises Rs 161 cr from anchors
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
AI fever drives Nvidia's rise to world's most valuable company
Nvidia's market value soars with 1,100% share increase, fueled by AI fervor and rapid growth.
Time to revisit as regulatory tightening cleans up the sector: 5 housing finance stocks with upside potential of up to 25%
Housing finance as a sector, has been at the forefront of bearing the brunt of both regulatory changes and also different scams at different points of time. But then it has thrown winners like HDFC and losers like DHFL. So, this is a sector which is bound to grow given the fact that demand for housing is always going to rise. What matters is which stock one owns and also another factor is the time frame with which it has been bought. The reason for the time frame is that this sector has to deal with interest rate cycles and also regulatory changes which makes the stock prone to phases of under performance. In the last one year, since the time RBI has been overhauling the regulatory provision of every segment of financial services these stocks have underperformed , but now recently once again they are showing signs of life coming back.
Turnaround stocks: 10 companies that returned to profit in Q4
In the March quarter of FY24, several companies transitioned from loss-making to profit-making. According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24. Here is the list:
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
Adani group companies, LTTS among 19 companies in focus today & tomorrow
Adani group companies and LTTS, among others, are in focus for corporate actions like dividends and AGMs this week.
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