The IPO of Deepak Builders and Engineers will open for subscription on October 21 and close on October 23, with a price band of ₹192-203 per share. The offering includes a fresh equity sale of ₹217 crore and an offer for sale (OFS) of 21 lakh shares.
Marcellus orienting portfolios towards bottom-up stock picking: Rakshit Ranjan (16-10-2024)
Rakshit Ranjan of Marcellus Investment Managers highlights the need for bottom-up stock picking due to markets running ahead of fundamentals. He discusses sector-specific challenges, mentioning that certain retail and manufacturing stocks may face earnings underperformance. He also touches on auto sector transitions and the current valuations of battery and specialty chemical companies.
Tips Music Ltd leads losers in ‘A’ group (16-10-2024)
KEI Industries Ltd, Magellanic Cloud Ltd, ZF Commercial Vehicle Control System India Ltd and Zydus Lifesciences Ltd are among the other losers in the BSE’s ‘A’ group today, 16 October 2024.
Ugro Capital – Opportunity To Invest in a Fintech-like Company Below Book Value (16-10-2024)
Recently they have posted very good quarterly update, and before massive 1280cr capital raise and now 330cr fund-raise.
Many good news, but somehow the stock is not moving at all.
Danish Power announces IPO dates, price band in largest SME offering this year (16-10-2024)
The initial public offering (IPO) of Danish Power, the largest in the SME segment this year, will open for subscription on October 22 and remain available until October 24. The company aims to raise nearly ₹198 crore through the IPO, which consists entirely of a fresh equity sale of 52.08 lakh shares.
XIRR Calculator for your stock portfolio (16-10-2024)
I have Created another table to show the current holdings with its % contribution of the total portfolio. The % Contribution is calculated in the main table(Added a new column). Then I retrieved the stocks which have units>0 and its % contribution to another table.
You can copy the table to your own sheet and make necessary changes in the formulae, so that it works fine. I have added conditional formatting to represent the % contribution in red and green colors according to its value.
You can visit the sheet Here.
Please make a copy of the sheet for personal use.
Hyundai Motor India Limited – HMIL (16-10-2024)
Very few of us may be aware that the South Korean parent company Hyundai Motors has another unlisted independent entity called Kia Motors in india with similar product lines of Hyundai which would result in to Cannibalization of Hyundai india’s products…
Any new product with high profit high margin products would be launched by the Korean parent company through Kia india rather than Hyundai india.
This is the very characteristics of all MNC operating in India …and Hyundai is not an exception.
Moreover , Hyundai came to india sometimes in 1990’s … Today after almost 30 years in India – what is its market share ?? just 14% as compared with Maruti with 42%.
They are very slow in Fast growing CNG and EV market …and it may not be able to dislodge Mahindra , Maruti from the fast growing SUV ,& CNG market leadership.
It may not be prudent to pay such a valuation to a company like Hyundai where there is conflict of interest in business of kia and Hyundai. If the parent company wants to reward indian share holders, they should have merged both the arms Kia india .& Hyundai india and then could have come for IPO.
Anyway very little listing gains expected and even if there is some listing gains , the price may not be sustainable
Valmiki scam: Rs 15 crore funds siphoned distributed to influence voters in Lok Sabha elections (16-10-2024)
Former Karnataka Minister Nagendra and his aides allegedly siphoned off Rs 89.63 crore, of which Rs 15 crore was used to influence voters during the 2024 Lok Sabha elections, according to an ED chargesheet. The investigation uncovered a sophisticated money-laundering operation involving fraudulent accounts and shell companies.
AMCs, broking stocks rally up to 15%; Aditya Birla, UTI, CAMS at new peak (16-10-2024)
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.