JSW GROUP DEMERGER
Tata Investment among 8 holding companies that have over 50% upside potential in 2-3 years
Holding companies’ index significantly outperformed the benchmark indices over a longer investment horizon. Specifically, it was observed that the outperformance accelerates during the market boom, as was evidenced during the periods of 2017-18 and 2023-24 when the index nearly doubled in a span of a year.
Want to exit Vedanta? Here’s what you have to think about
Deepak Shenoy of Capital Mind suggests that investors wait to see how the demergers of Vedanta evolve before making a decision. He believes that the demergers may be a way for the company to sell off individual businesses to repay debt at the promoter group level. Shenoy is not a fan of the demergers, as he believes they are for the convenience of the promoters rather than the company itself.
Forget Vedanta, look at rest of the metal pack: Daljeet Singh Kohli
Daljeet Singh Kohli, Head of Strategy & Research at Vasuki India Fund, advises retail investors to refrain from buying or staying in Vedanta due to its demerger exercise, which he believes is primarily a debt management exercise rather than value unlocking. He suggests that it may take 12 to 15 months for any major benefit to be realized, making it a long-term investment. However, Kohli remains positive on the metal pack and recommends exploring other options within the sector. He also expresses positivity towards PSU banks.
After JSW Infra, Sajjan Jindal aims to list another 2-3 group companies
This comes after JSW Infrastructure's listing on the exchanges earlier today, which is a first from the group in nearly 13 years since JSW Energy debuted in 2010.
Financial bids for NMDC Steel likely by August
The government expects a premium over the current share price of NMDC Steel. The share price of NMDC Steel, which has risen by over 30% since April, eased 0.16% on Friday to Rs 40.82, against a 1% rise in the Sensex. On January 27, the government received multiple expressions of interest for its stake in NMDC Steel, with key players such as Tata Steel, JSW Steel, Jindal Steel and Power, Adani Group and Vedanta Group are reportedly in fray.
Jindal Poly Group company minority shareholders seek forensic audit
The shareholders' group has sought removal of existing directors Shailendra Sinha, Vinod Kumar Gupta, Sanjiv Kumar Agarwal, Rathi Binod Pal and Sonal Agarwal on the grounds that they did not perform their fiduciary duties.
BEML, IGL, Zomato rally up to 24% this week; Natco, Yes Bank among top laggards on BSE500
Among sectoral indices, BSE Metal index zoomed 5 per cent, followed by a 4 per cent rally in Capital Goods and Power indices each. Energy, utilities, finance and industrial stocks added 3 per cent each during the week. In the BSE 500 index, about 290 stocks settled in the green, whereas others dropped during the four trading sessions; 15 stocks were able to register double-digit gains, whereas only two plunged 10 per cent or more.
For investors, everything is there plus more: Anil Agarwal on demerger plan
At this point, we are evaluating and have appointed the best of advisors and they will come out with the entire plan. Very soon, we will announce the full scheme, Anil Agarwal said.
Vedanta mulls demerger of some businesses with separate listing & leadership
Vedanta’s Board has also constituted a committee of directors to evaluate and recommend such options and alternatives to the Board of Directors.
Challenges keep Tata Sons’ N Chandrasekaran on his toes
Despite investing heavily since Chandra took charge, experts feel it will take the group 5-7 years to get going.
By end Apr, Nifty to test 12,000, touch 13,500 by year end: Sanjiv Bhasin, IIFL
In auto, Ashok Leyland, Eicher Motors, TVS Motor and Maruti are excellent plays, says Bhasin
JSW Techno Projects Management to acquire 49% shares BRPL in Odisha
A JSW spokesperson clarified that “JSW Techno rojects Management is a promoter company and the acquisition is not being done by JSW Steel.”
Sensex slips 224 points, Nifty50 tanks over 1% on Trump turmoil
Industry heavyweights Reliance Industries, ITC and L&T were the major contributors to the fall.
ETMarkets After Hours: CESC dives over 15%; IT stocks surge
As many as 50 stocks on NSE hit their fresh 52-week high despite weak market sentiment.
Tata Steel to acquire BRPL at enterprise value of Rs 900 crore
The deal will be financed through the flagship’s internal cash flows, according to a statement, and help Tata Steel ramp up its new 3 mt steel plant at Kalinganagar.
Adani Power to acquire Avantha group’s Korba project for Rs 4,200 crore
This will be the second major acquisition by Adani Power since August, when it had entered into a definitive agreement to acquire Lanco Infra’s 1,200 MW Udupi thermal power plant in Karnataka for Rs 6,000 crore.
Fifteen stocks in focus in Tuesday morning trade
Indian markets are expected to trade in a range. Here is a list of fifteen stocks which are likely to be in focus today.
Jaypee power plants bidding: Adani seen ahead of JSW
If a merger of the entire Jaypee power portfolio becomes unwieldy, then JSW may negotiate for three thermal units of Jaypee Power.
Ten stocks in focus in Friday morning trade
Indian shares are expected to trade in a range. Here is a list of ten stocks that are likely to be in action in morning trade today.
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