Axis Securities
Hyundai Motor India likely to launch Rs 25,000 crore IPO on Oct 14 (03-10-2024)
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, is expected to launch its much-awaited Rs 25,000-crore initial share-sale for public subscription on October 14, people familiar with the development said on Thursday.
This would be the largest initial public offering (IPO) in India after LIC’s initial share sale of Rs 21,000 crore.
According to the Draft Red Herring Prospectus (DRHP) filed in June, Hyundai Motor India’s proposed IPO is entirely an Offer-for-Sale (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component.
Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale.
This development marks a significant milestone for the Indian industry, as it is the first automaker’s initial share sale in over two decades, following Japanese automaker Maruti Suzuki’s listing in 2003.
The South Korean parent is diluting s
InterGlobe Aviation – Indigo (03-10-2024)
Another social backlash against Indigo.
Indigo needs to amend before its too late. Frequent such issues can create a sticky negative impression that would be hard to rub off at later stage. At any point in time when Indians might have choices, indigo will lose in all those occasions. Three imminent dangers visible right now:
- Spicejet revival. Multiple firms are keenly interested in resurrecting spicejet. If things do go right, it would be just matter of months before it can snatch as much as 10-15% of market share, the share that it had lost.
- Lack of visible govt backing. Indigo doesnt seem to be dear to govt just as Adani, Ambani stocks are. The ruling party friendship equation doesnt exist to act as a veto for its growth.
- People’s Fav Tata may change the game. From bringing connected perks to increasing luggage limits to perceived empathetic customer service, Tata group can bring up any ball game to toss of indigo into a different battlefield. The way they did for tata motors by shifting the battlefield from features and price points to safety rating to gain a traction and reach #2 spot in the Cars market share.
Although indigo knows very well the business, it seems to take word of mouth and customer satisfaction absolutely for granted. This is not the strategy that a long term vision perhaps could sustain.
Stock market update: Sugar stocks down as market falls (03-10-2024)
The 30-share BSE Sensex closed down 1769.19 points at 82497.1
Tech view: ‘Sell on rise’ strategy advised in Nifty with 25,000 as key support. How to trade tomorrow (03-10-2024)
A bearish candle suggests further market weakness. Traders should “sell on rise” and only buy above 26,000. Key levels to watch are support at 25,000 and 24,750, and resistance at 25,500. Breaking below support could trigger more declines, while hitting resistance may limit any upward movement, according to Hardik Matalia of Choice Broking.
SmallCap Hunter : Trying to find the dark horses with triggers (03-10-2024)
I have started investing in:
Lancer Container Lines Ltd
Polylink Polymers (India) Ltd
Srestha Finvest Ltd
with only 0.05% of my overall portfolio for now. As these looks clearly good on books personally to me.
Also willing to add the Emerald, for now failing to do so.
Disclaimer: Not for recommendation. Do your own study.
Chris Wood trims exposure to Indian equities by 1 pt (03-10-2024)
Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points. The rally in China has been fast-forwarded by the approach of a seven-day holiday with the CSI 300 Index up 8.5 per cent on Monday, and 25.1 per cent in five trading days, he said.
Sebi order can hit 60% of India’s F&O trades, 30% of Zerodha’s orders: Nithin Kamath (03-10-2024)
SEBI’s stricter F&O regulations could impact 60% of overall F&O trades and 30% of Zerodha’s orders, its founder Nithin Kamath said. Zerodha is evaluating the impact before deciding on brokerage hikes.