F&O cues for Oct 21: Despite Friday’s recovery, Nifty options continues to reflect cautious sentiment, with call writing outweighing put writing on Friday, said Dhupesh Dhameja of SAMCO Securities.
Premium Plast IPO opens today: Check issue size, GMP, price band and other details (21-10-2024)
The SME IPO of Premium Plast opens for subscription today and will close on October 23. The company aims to raise approximately Rs 26 crore through this offering, with plans to list its shares on the NSE SME platform. This IPO consists entirely of a fresh equity sale of 53.46 lakh shares.
Oberoi Realty launches Oberoi Garden City Thane project (21-10-2024)
Garners gross bookings of Rs 1,348 cr in first three days of launch
HDFC Bank has more re-rating potential than ICICI Bank: Santanu Chakrabarti, BNP Paribas (21-10-2024)
Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in all, we see a high likelihood that a cut is coming.
Buy L&T Technology Services, target price Rs 5,862: Choice Equity Broking (21-10-2024)
Choice Equity Broking recommends buying L&T Technology Services with a target of Rs 5,862. The current price of the stock is Rs 5,135.8. LTTS aims for $2 billion revenue with a 17-18% EBIT margin in the medium term. Promoters hold 73.69% stake, while FIIs own 4.35% and DIIs 13.72% in the company.
Embassy REIT: Is this “Blackstone” promoted REIT is real diamond? (21-10-2024)
Can SEBI force a CEO out ?
Update on SEBI letter regarding CEO’s fit and proper criteria.
the NFRA order details are covered here
Deepak Builders IPO: Should you subscribe to this issue? (21-10-2024)
Deepak Builders & Engineers’ IPO opens today with a fresh equity sale of Rs 217 crore and an OFS of 21 lakh shares. The IPO price band is Rs 192-203 per share, closing on October 23. Analysts recommend long-term investment due to fair valuations but advise caution due to geographical concentration and competition.
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (21-10-2024)
Hi,
Mr. Kotak himself has told in past he is not inclined to demerger of the subsidiaries and more intrested in a consolidated house and believes in one unified kotak brand. So market won’t give any better valuation to Kotak for these subsidiaries unless it feels demerger is on the way to create shareholders.
In the year 2023:
Similar views in the past (2017):
Not sure if current CEO has different views.
If you see the recent quarter results,they are not good in terms of standalone or the core banking business.It seems business has stopped growing and on top of that NPAs are increasing. However good show from the subsidiaries have saved the day for Kotak Bank.
Disclaimer: Invested in kotak so views may be biased.
Thanks,
Deb