MADHUSUDAN KELA

Quality of the Budget should be fabulous as Modiji will not go for a very populist one: Madhu Kela

Madhusudan Kela, a market veteran, discusses the importance of being prepared for market corrections and delinking research from execution. He believes in the long-term potential of the Indian economy and the consensus agreement on the Indian stock market. The budget's significance has diminished over the years, but Kela expects a fabulous quality budget with a focus on fiscal consolidation. He predicts a realistic fiscal deficit of 5.2-5.4% and emphasizes the potential of strategic disinvestment in PSU companies. Kela also highlights the opportunities in infrastructure and PSU banks due to their undervaluation and deposit advantage.

Madhuri Madhusudan Kela invests in IT solutions company Rashi Peripherals ahead of IPO

IT solutions company Rashi Peripherals has raised Rs 150 in a pre-IPO round, with marquee investors including Madhuri Madhusudan Kela and Volrado Venture Partners.

Rashi Peripherals raises Rs 150 crore in pre-IPO round

Rashi Peripherals, an information and communications technology products distributor, has mobilised Rs 150 crore from institutional investors in a pre-IPO (initial public offer) funding round.

Shyam Metalics QIP: Madhusudan Kela’s trust gets over 5% allotment. Reliance Commercial Infra corners highest portion

In its filing to the exchanges on Friday, Shyam Metalics informed that the company's QIB Committee had approved the issue and allotment of over 2.40 crore equity shares of a face value of Rs 10 each to these QIBs at the issue price of Rs 576 per equity share aggregating to Rs 1,385.34 crore.

Unicommerce files draft IPO papers; SoftBank, AceVector, B2 Capital to sell 29.8 million shares

Unicommerce shareholders AceVector Group, B2 Capital and SoftBank are together offering 29.8 million shares for sale in the IPO, as per the draft red herring prospectus (DRHP). The company, which is profitable, is not raising any fresh capital through the IPO.

Is the one time re-rating in PSU, defence, railways, banks over? Madhusudan Kela explains

“PSU stocks market cap have gone up a little more than 3x in three years. But there are individual companies, within this basket, of course, that have given 500, 800, 1000%, 1500%, 2000% returns. PSUs are clearly the leader of the market. I still feel that, PSU banks are quite compelling. I do not think they have peaked out.”

Market tailwind for next 15 to 20 years? Madhusudan Kela identifies 4 themes

“There is a certainty in India that one allows one to think from a 15-20 year perspective. There is a kind of money which we are expecting. I will be personally very surprised that after May election, political instability, if $100 billion does not come in India through bonds and equity. Normally $15-20 billion comes.”

SAMHI Hotels lists at 7% premium over issue price

The issue comprised fresh issuance of equity shares worth Rs 1,200 crore and an offer for sale (OFS) up to 1.35 crore equity shares. The IPO was priced in the range of Rs 119-126 per equity share.

Blue Chandra sells Rs 130-crore worth shares ahead of SAMHI IPO

Madhuri Madhusudhan Kela, Nuvama Crossover Opportunities Fund and TIMF Holdings pick up stake in IPO bound SAMHI for Rs 130 crore. Blue Chandra Pte. Ltd sold 10.32 million shares or an 8.4% stake at an issue price of Rs 126 per equity share on September 6 and 8. This share sale is subject to a lock-in-period and is over and above the offer for sale of 13,50,000 equity shares in the IPO.

Potential Winners! How star investors' portfolios shape up after Q1

Currently, Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,901.4 crore. The investors' portfolio has increased 28% from the March quarter to Rs 33,017 crore in the June quarter

Stocks in news: IndiGo, Titan, Airtel, Adani Enterprises, Zomato, Vedanta

Titan posted a 2% year-on-year drop in its profit at Rs 777 crore in the June quarter. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore.

Madhuri Madhusudan Kela buys stake in this multibagger smallcap stock via bulk deal

According to bulk deals data available with the exchanges, Madhuri Kela has bought 50.2 lakh shares or 5.3% stake in the company. The transaction was done at a weighted average price of Rs 61.65.

Madhuri Kela raises stake in Sangam (India) to 5.85% in June; stock surges 8%

The smallcap stock has a market capitalisation of Rs 1,560.37 crore. Around 2 lakh shares of the company were trading on the NSE at 10:50 am with the traded value of shares standing at Rs 6.30 crore.

Madhusudan Kela's wife-owned smallcap stock jumps 21% in 2 days

Madhuri Kela, the spouse of Madhusudan Kela, has acquired an additional 1.67% stake in Sangam India, a textile and apparel firm, at an average price of INR268 per share. This has contributed to the company's stock prices soaring 21% on BSE in just two days. Madhuri's public shareholdings stand at four stocks with a net worth of over INR65 crore. Despite the company's declining Q4FY23 net profit of INR30 crore, down 44% YoY, its total income for FY23 stands at INR2,729 crore, up 11.6% compared to FY22.

BSE sells stake in CDSL via bulk deal; Madhusudan Kela's wife Madhuri Kela buys in Sangam

BSE has sold 4.5% stake or 47.44 lakh shares in Central Depository Services Ltd (CDSL) through open market transactions to comply with regulatory norms, which state that a stock exchange can only hold a 15% stake in a depository. ICICI Pru Tech fund bought 5.28 lakh shares in CDSL or around 0.5%. Meanwhile, Madhuri Kela, wife of Madhusudan Kela, acquired a 1.67% stake in Sangam India by buying 8.4 lakh shares. Sangam India is the largest producer of PV dyed yarn in Asia with an annual capacity to produce 30 million meters of fabric and 48 million meters of denim.

Madhuri Madhusudan Kela picks up 1.04% stake in this smallcap stock.

Investor Madhuri Madhusudan Kela bought a 1.04% stake or 500,000 equity shares in Mumbai-based pharmaceutical company Kopran, worth Rs 7.5 crore, according to BSE data. Kela holds four publicly traded stocks worth over Rs 56.4 crore as of March. Other companies she invests in include Bombay Dyeing & Manufacturing Company, Sangam (India), and IRIS Business Services. Kopran has a m-cap of Rs 1,076.39 crore on the BSE, with a 52-week high of Rs 422 and a low of Rs 185.

Union Budget 2023: Will FM Sitharaman tinker with capital gains tax?

Budget 2023: Key numbers to watch out for in Budget speech, Madhusudan Kela explains

There is merit in rationalizing the taxes but should it be done this year? Madhu Kela answers

"Logically speaking, given that markets have also become normal, given the context that there is talk of global recession and we need very healthy capital markets, it should not get distorted. Having said this, if the time frame changes and for LTCG tax, long term goes from one year to two years, I do not see a meaningful impact on the markets."

If 20% of total expenditure is capex, it will be a big boost for a lot of sectors: Madhu Kela

“The government has Rs 1.5 lakh crore of surplus from subsidy. The RBI has the legroom to give at least Rs 80,000 crore to Rs 1 lakh crore more by way of dividend to the government. If I take both of this into account, there will roughly be Rs 2.25 lakh to Rs 2.5 lakh crore of extra ammunition right in this Budget which was not there last year.”

Madhusudan Kela adds 2 stocks; pares stake in 1 stock in September quarter

Choice International Limited is one of India's leading financial services conglomerates catering to global markets. Sangam India, on the other hand, is a textile manufacturing company and the largest producer of PV dyed yarn in Asia at a single location.

Financials will make more money in next 3 years than IT: Madhusudan Kela

“I feel in terms of time, the pain may be there in the economy for a long time, but I do not think the pain in the market will last more than three, four months because we are in a digital era everything gets discounted so fast – whatever you are worried about.”

It is a very big myth that Indian valuations are expensive; balance sheets are the best I have seen in 32 years: Madhu Kela

“There is a more certainty of earning in India. You can take a case that ICICI Bank will grow at 15% or 25% but it will certainly grow. Can you make the same case with HSBC Bank? You do not know where the provision will hit, where the bond yield will hit but you can make a certain case for the largest bank in India that whether you grow 15% or 25%, growth will be there. ”