As per last updates PPT for VBL, seems Indian market is expanding.
Broker’s call: Dodla Dairy (Buy) (21-08-2024)
HDFC Securities
Warburg Pincus affiliate sells 2.36% stake in Kalyan Jewellers for $155 mn (21-08-2024)
The deal will see Highdell, the Warburg affiliate, sell over 24 million shares at 535 rupees each to Trikkur Sitarama Iyer Kalyanaraman, which currently holds 60.59% in the jeweller
Aptus Value Housing : Is valuation justified or just another HFC? (21-08-2024)
Another way to look at it:
Paying Dividend is another way of bumping up the RoE nos with a few bps. So, the payout made from the Reserves decreases the Overall Book Value/Networth of the company which in turn increases the RoE %.
This logic makes sense for a company clocking decent growth (though less than its potential) but still managing to stick around a 17-18% RoE numbers. Cause when a company grows at 25-30% and they fail to show the similar kind of growth in subsequent years, its RoE decreases.
So, paying dividend is an easy way to keep the Networth under check and maintain a consistent RoE.
Interarch Building Products subscribed 93.45 times (21-08-2024)
The offer received bids for 43.84 crore shares as against 46.91 lakh shares on offer.
Investors Brace for a Jobs Wipeout (21-08-2024)
Economists forecast that a revision to payrolls data could undercut a robust picture of the labor market, further pressuring the Federal Reserve to cut rates.
These 7 FMCG stocks hit 52-week highs, rally up to 35% (21-08-2024)
India's benchmark index, the Sensex, gained around 102 points on Wednesday, closing at 80,905. During this rise, seven stocks in the BSE FMCG index reached their highest prices in the past year.
Union AMC launches multi-asset allocation fund with diverse investment plan (21-08-2024)
The fund house, backed by Union Bank of India and Dai-ichi Life Holdings, said that the early signs of rural consumption and the festive season are positive