INDIA CONSUMER HEALTHCARE
Why has Kotak re-initiated inflows into smallcap fund? Harish Bihani explains
There is FOMO in certain sectors and themes across caps and not only in smallcaps. Harish Bihani thinks there is scope for identifying ideas and deploying large sums of money in the smallcap category. The probability of any event specific to India disrupting the market is low at this point and they thought that it was an opportune time to reopen the fund
Star Health launches home healthcare initiative; to cover 50 cities & towns in phase one
Star Health's groundbreaking Home Health Care Service, led by Anand Roy, in partnership with Care24, Portea, and CallHealth, expands to 50 cities, ensuring affordable and prompt medical assistance. Dr U Hari Hara Sudan highlights the cost-effective treatment packages, while the company reports substantial financial growth in FY2024, with a gross written premium of Rs 15,254 crore and a net profit of Rs 845 crore.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Everstone to merge two healthcare companies, list combined firm
Everstone Capital, a Pan Asia private equity fund, is merging Translumina Therapeutics, a major cardiac stent maker in India, as part of a big-ticket IPO plan.
Jashvik Capital buys into Futura Surgicare
Jashvik Capital, an India-based private equity firm, has acquired a minority stake in Futura Surgicare, a Bangalore-based medical products, consumables, and devices player, founded by A.D. Setty in 1994. Futura Surgicare is a leading Indian manufacturer of wound closure and surgical consumables and devices, with a manufacturing facility in Bangalore and a wide market presence in India and globally.
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These healthcare and pharma stocks may deliver more than 20% in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
View: India's pharma giants set sights on superior quality standards
India, known as the 'pharmacy of the world,' ranks third in global drug production and supplies vaccines to over 200 countries. With a target to reach $120-130 billion by 2030, maintaining high quality is crucial. Focus areas include robust investigations, skilled workforce development, and embedding quality in product development. India faces increased scrutiny from global regulators, necessitating adherence to stringent quality standards. Recent moves by CDSCO aim to streamline drug export licensing. Upholding quality is key for India's pharmaceutical industry to remain a reliable global supplier.
Manufacturing startup Ethereal Machines secures $13 million from Peak XV, Steadview Capital
Existing investors Blume Ventures, Enam Investments, and WestBridge Capital managing director Sandeep Singhal also join fundraise. Deeptech startup in India develops proprietary multi-axis computer numerical control (CNC) machines and uses them to produce precision parts for the aerospace, healthcare, and consumer electronics industries.
How brands should inspire politicians to move away from 'divide' and 'drown’ to ‘unify' and 'thrive’
Political parties should be emulating those marketers who have already cracked New India. To narrow-cast our population as a fundamental oneness, courtesy technology and aspiration. Then to engage experientially, with customer-centric regional empathy.
Rural demand theme blooms
Investor money is shifting to defensive shares like FMCG, healthcare, and information technology following the lower-than-anticipated seats for the BJP in recent elections. Marico, Godrej Consumer, Nestle India, ITC, Britannia, HUL, and Dabur saw significant gains. The Nifty and NSE FMCG Index also rose.
NDA win impact: HUL, HDFC Bank among 31 stocks ideas likely to bounce back
Portfolio allocations and future policies of the NDA govt will be a key determinant of market movements, said a report by Prabhudas Lilladher
HAL, REC, 3 more F&O stocks delivered over 25% returns in morose May series
May has seen fear index India VIX hitting 26.20 levels. Nifty in May series declined 82 points or 0.36%. The headline index started the series at 22,570.35 and ended it at 22,488.65.
Initiatives on track to increase women’s participation across levels, say 54% Indian employers – much above global average of 46%
Internal leadership development programmes, followed by flexible working policies, most effective in helping retain and secure diverse talent, finds ManpowerGroup Diversity Outlook Survey
Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?
The idea of wealth redistribution proposed by Congress leader Rahul Gandhi has sparked a heated debate in India's political landscape, with Prime Minister Narendra Modi labeling it as 'dangerous'. The discussion revolves around conducting surveys to assess wealth distribution and potential redistribution policies, stirring up controversy and accusations between political parties. The issue highlights growing income inequality and calls for radical measures to address economic disparities. While some experts advocate for progressive taxation and social spending to enhance economic equality, others caution against the potential negative impacts of wealth redistribution on individual incentives and overall economic growth. The ongoing debate underscores the complex challenges of wealth inequality in India and the need for thoughtful and effective solutions to ensure a fair and inclusive society.
More PEs head to India armed with big money to bag deals
Growtheum Capital Partners, a private equity firm headquartered in Singapore, is scheduled to inaugurate its Mumbai office this July, joining the growing list of PE investors in India. At the same time, US-based private equity firm Platinum Equity is evaluating investment opportunities across various sectors such as healthcare, technology, and infrastructure as it prepares to enter the Indian market.
India needs a robust system to protect doctors from bogus lawsuits & ensure accountability for negligence
Indian Medical Association (IMA) praised GoI for criminal reforms absolving medical fraternity from liability under Section 304(a) of IPC, now Section 26 of Bharatiya Nyaya Sanhita. Supreme Court's 'Jacob Mathew vs State of Punjab' judgment balanced protecting doctors from frivolous prosecutions and accountability in negligence cases. Medical Council of India enforces ethical standards for doctors.
How rooftop solar is reshaping energy consumption
India is undergoing a rooftop revolution with the development of solar technology, reshaping energy consumption patterns. The country aims to achieve ambitious renewable energy goals, focusing on rural electrification for inclusive development.
81% of ad violations were on account of misleading claims in FY24: ASCI
ASCI examined 10,093 complaints and investigated 8299 advertisements. The majority of violations were on account of misleading claims at 81%, followed by ads that promoted harmful situations or products at 34% (the same ad can be processed for multiple objections).
Kotak Alt to invest Rs 400 crore in medical device maker Biorad Medisys
Kotak Strategic Situations India Fund II (KSSF II) managed by Kotak Alternate Asset Managers Limited (Kotak Alt) announced investing up to Rs 400 crore in medical device manufacturer Biorad Medisys. The investment will primarily facilitate a new manufacturing plant setup, debt repayment, and increased working capital.
AI adoption in key Indian sectors touches 48% in FY24
A Teamlease Digital study revealed high AI adoption in pharma and healthcare (52%), followed by FMCG and retail (43%). Manufacturing (28%) lagged behind, while infrastructure & transport (20-22%) and media & entertainment (10-12%) saw the least adoption.
Sectoral, thematic mutual funds among top gainers in 2024 so far. Should you invest?
PSU theme based gave the highest average return of around 25.56% in 2024 so far, followed by infrastructure funds which offered an average return of 18.14%. Energy and power based funds gave 16.03% average return.
Tactical investing in volatile times. These 5 FMCG stocks can give more than 21 % returns in one year
As volatility sees a sharp spike in markets. At this point of time it might be good to stay with sectors and stocks, where there are strong fundamentals. But they have been underperforming in bull run but at the same time and have a history of outperforming in bearish and volatile markets. Fitting this are a set of FMCG stocks where news flow and sentiment have been negative for quite some time. But as the markets get jittery and money moves from one sector to another, these stocks may outperform a bearish market. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
India's young harbour big plans
India's youth population is set to reach 420 million in 2024, comprising 29% of the total population, with 20 million being first-time voters. These young individuals hold significant power to influence India's future. The People Research on India's Consumer Economy (PRICE) survey identifies six national priorities for the next five years, including education, healthcare, infrastructure, job creation, and inclusive economic growth.
Do you consume protein supplements for health gains? Snapdeal's Kunal Bahl has a serious warning for you
A recent study exposes alarming findings about protein supplements, uncovering mislabeling, toxin contamination, and potential health risks. Led by researchers from Rajagiri Hospital in Kerala and a US-based tech entrepreneur, the study highlights the urgent need for stricter regulation in the supplement industry. Misleading labels and harmful toxins pose significant health hazards, prompting caution among consumers. The study's revelations underscore the importance of informed decision-making and regulatory reform to ensure product safety.
More Indians fall head over heels for condom variants
Dotted, ribbed and ultra-thin designs help condom business hit five-year high, grow 13% by value last year compared with 7% in 2022.
View: How monopoly businesses and a consolidating industry hurt consumers and drive economic inequality
Entrants challenge Asian Paints in India's decorative paints sector. Industry consolidation impacts stakeholders. Zephyr Teachout and Viral Acharya advocate curbing monopoly practices for consumer welfare. CCI's role in overseeing big business growth is crucial amid sector consolidation.
Forget large, mid and small; bucket market in terms of quality and growth: Vinay Paharia
Vinay Paharia, CIO of PGIM India Mutual Fund, discusses the fund's sector preferences, being overweight on financials, healthcare, and consumer discretionary, while underweight on the IT sector. He emphasizes the importance of differentiating between companies with good quality and high growth versus poor quality and low growth. Paharia also cautions against investing in low-quality and low-growth companies.
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