Ambit points out that capital cost of store addition in context of the business is high citing that aggressive store addition over the years has seemingly diluted store portfolio.
Posts tagged MC
Café Coffee Day: Should you subscribe cappuccino firm’s IPO (13-10-2015)
Sensex, Nifty continue to struggle; Infosys drags 3% (13-10-2015)
Bajaj Auto, Lupin, Coal India, Wipro and BHEL are top gainers while Hindalco, Vedanta, ONGC, Tata Steel and Infosys are major losers in the Sensex.
Reliance Capital gains 3%, Nippon Life ups stake in Rel AMC (13-10-2015)
“Nippon Life Insurance (NLI) today has signed definitive agreements to increase its stake in Reliance Capital Asset Management (RCAM) to 49 percent from existing 35 percent in tranches,” the Anil Dhiribhai Ambani Group company said in its filing.
SBI likely to set up new subsidiary for non-banking biz (13-10-2015)
The bank has roped in KPMG as an advisor to set up the new subsidiary, which will provide transactional, advisory and managerial services to the bank.
Here’s why Elara Cap prefers Infy, HCL Tech over TCS (13-10-2015)
Ravi Menon, Analyst-IT Services, Elara Capital expects TCS to deliver 4.2 percent as constant currency growth and 3.9 percent in dollar terms in Q2.
India will not be spared if EMs trend lower: Deutsche Bank (13-10-2015)
On Indian corporate credits, Harsh Agarwal, CFA Research Analyst, Deutsche Bank says Indian investment space has been one of the best.
Nifty holds 8100 amid pressure; metals melt, SBI gains (13-10-2015)
State Bank of India gained 1 percent after sources told CNBC-TV18 that the country’s largest bank has received in-principle approval from RBI for setting up a new subsidiary.
Is this third wave of financial crisis? Goldman thinks so (13-10-2015)
The emerging market wave, coinciding with the collapse in commodity prices, follows the US stage, which marked the fallout from the housing crash, and the European stage, when the US crisis spread to the continent’s sovereign debt, the bank said.
China imports collapse in September, exports remain weak (13-10-2015)
Dollar-denominated imports plunged by a worse-than-expected 20.4 percent in September from a year earlier, while exports slipped 3.7 percent, producing a trade surplus of USD 60.34 billion, official data showed on Tuesday.
Will stick to large cap IT; like PSU oil cos: Motilal AMC (13-10-2015)
Manish Sonthalia of Motilal Oswal Asset Management is bullish on oil marketing companies and rates BPCL and HPCL among his top picks. He says he is not bullish on upstream companies like ONGC as he feels crude prices will remain in a band between USD 40-70 for a considerable period of time.