Posts tagged All News
Adani Green Energy Ltd leads losers in ‘A’ group (22-11-2024)
Adani Energy Solutions Ltd, Network 18 Media & Investments Ltd, Ratnamani Metals & Tubes Ltd and JSW Holdings Ltd are among the other losers in the BSE’s ‘A’ group today, 22 November 2024.
IPO Calendar: 10 public offerings to keep the investors busy next week (22-11-2024)
Indian primary markets are set to remain buzzing with several public offerings next week. Here are the full details of the upcoming IPO activities scheduled for the week
IPO Calendar: 10 public offerings to keep the investors busy next week (22-11-2024)
Indian primary markets are set to remain buzzing with several public offerings next week. Here are the full details of the upcoming IPO activities scheduled for the week
Nuvama Wealth Management: Proxy to Affluent India (22-11-2024)
Also, if you go further ahead in slides, you can see Capital Markets business has PBT of 231 Cr out of 348 Cr of total PBT which means 66% of total PBT is highly cyclical. Add to this there are 20-30% cyclical elements in Nuvama Wealth, Nuvama Private and asset management business as well which are growing good in these good times and can moderate or de grow in bad times, so 70%+ PBT would be cyclical for Nuvama. This explains the constrained earnings multiple despite overall scorching growth.
On similar point raised by one analyst, management did say that they are doing upfront investments in wealth and asset businesses on RM side specifically and there is lag between revenue and investments in these businesses. The RM productivity can increase significantly in 2-3 years which would bring the cost to income down and blended cost to income target is 60% in 2-3 years. This would help offset some of the cyclicality in the business.
Protean eGov Technologies Ltd leads losers in ‘B’ group (22-11-2024)
Astron Paper & Board Mill Ltd, Universal Autofoundry Ltd, Maximus International Ltd and Honasa Consumer Ltd are among the other losers in the BSE’s ‘B’ group today, 22 November 2024.
Protean eGov Technologies Ltd leads losers in ‘B’ group (22-11-2024)
Astron Paper & Board Mill Ltd, Universal Autofoundry Ltd, Maximus International Ltd and Honasa Consumer Ltd are among the other losers in the BSE’s ‘B’ group today, 22 November 2024.
Will study US “chargesheet reports”, act on it, says Andhra CM on Adani bribery case (22-11-2024)
Andhra Pradesh Chief Minister N Chandrababu Naidu stated that the state government possesses US chargesheet reports detailing an alleged bribery scheme involving the former YSRCP government and the Adani Group. Naidu pledged to investigate the reports and take appropriate action, emphasizing the damage the allegations have caused to the state’s reputation.