Omar Abdullah has been sworn in as the first Chief Minister of the Union territory of Jammu and Kashmir. The ceremony took place at SKICC, with Lieutenant Governor Manoj Sinha administering the oath. This marks the first elected govt there since the repeal of Article 370 and the reorganisation of the former state into two Union Territories.
Sterlite Technologies forays into AI-led Data Centre segment (16-10-2024)
Showcases its AI-DC optical fibre cabling solutions at India Mobile Congress 2024
InterGlobe shares fall 0.72% as Nifty drops (16-10-2024)
The stock quoted a 52-week high price of Rs 5033.2 and a 52-week low of Rs 2389.35.
Jindal Drilling stock flies 6% after commencing Ops with ONGC on oil rig (16-10-2024)
Jindal Drilling and Industries share price jumped 5.69 per cent at Rs 635.80 per share on the BSE in Wednesday’s intraday trade
Akums Drugs gains on inking distribution agreement with Triple Hair Inc. (16-10-2024)
Akums Drugs and Pharmaceuticals rallied 3.06% to Rs 908 after the company announced that it has entered into a license & distribution agreement with Triple Hair Inc, a company incorporated in New Brunswick, Canada.
Market extends losses; auto stocks slide (16-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 342 points or 0.42% to 81,478.12. The Nifty 50 index lost 104.50 points or 0.42% to 24,952.85.
RIL: Is the ‘Reliance” on ‘Jio’ Justified? (16-10-2024)
details are updated now you can check it
Hyundai Motor India Limited – HMIL (16-10-2024)
Maruti suzuki
Market cap 3.90 L cr
Profit 13500 cr
Hyundai
Profit 6060 cr
Hyundai margin is higher, hence should get high PE vs Maruti. Even if you consider the same PE as maruti, the hyundai market cap should be (3.9*6060/13500)=1.75 L Cr
Current offer is 1.6 L cr that is 10% up considering at par maruti suzuki valuation.
Why should one not invest in the hyundai IPO for both short and long term?