JB Chemical’s (JBCP) has entered into Trade Mark License agreement with Novartis Innovative Therapies AG, beginning Jan’27, for a portfolio of 10 opthalmic brands in Indian market. Initially the company will in-license all 10 brands (generic in nature) from Novartis for a period of 3 years starting Dec’23 for Rs 1.25bn and later acquire all 10 brands for a consideration of $116mn (Rs 9.64bn) payable on or before 31st Dec26
Our Dec 2024 target for Nifty is set at 25,000 wherein we have valued Nifty at 20x PE on FY26E EPS of ₹1,250/share with corresponding Sensex target set as 83,250; offering a potential upside of ~15% from current index levels
Top Picks: Navin Fluorine International Ltd: Company’s topline & bottom-line grew at CAGR of >20% over FY16-FY23, primarily led by robust growth from specialty chemicals and CDMO business segments. Going forward, we remain bullish on the stock led by its strong focus on late entry products with completion of cGMP4 by CY24 coupled with […]
Oriental Carbon & Chemicals Ltd Growth set to kick in, play on tyre sector recovery Oriental Carbon & Chemicals (OCCL) has positioned itself as the market leader in Insoluble Sulphur (IS) chemistry capturing 60% domestic & ~10% global market share. The global IS market is dominated by mere four quality players including OCCL, is itself […]
The company is confident that execution is expected to pick up pace towards 2HFY24 as supplies of 3MW WTGs have begun this quarter. Furthermore, as the fiscal year ends, a lot of PSU tenders awaiting results are expected to come on-stream in 4QFY23, likely to boost the company’s order book
Overall, the country’s macro set-up is positive. The fundamentals of Indian corporates have improved significantly and so has the profitability across the board. This can be seen in the cumulative and rolling net profit of the NSE 500 universe for the last 4 quarters (till Q2FY24), which crossed the Rs 12 Lc Cr mark. Moreover, after a muted performance for several years, the ROE of the broader market is improving as well
One of the growing stainless-steel pipe and tube manufacturers and exporters in India, the company is involved in the production of stainless steel welded and seamless pipes & tubes. These are used in various industries incl. oil and gas, fertilizers, pharma, F&B, engineering & chemicals
Ram Mandir Stock. The Temple’s opening will attract huge pilgrim tourism. In 2022, Varanasi got 7.2 Cr visitors vs Goa’s 85 Lakh. Ayodhya will get many more. Experts say Praveg has a resort near the Ram Mandir where 75% occupancy has been pre-sold
SHAILAJA MOHAPATRA of Moneycontrol has revealed important information relating to the portfolio investments of Prashant Jain’s 3P India Equity Fund based on the Fund’s July to September factshee
Prashant Jain’s 3P INDIA EQUITY FUND holds 960,000 shares of Senco Gold constituting 1.24% of its equity as of 30th September 2023. The investment is worth Rs 69.8 crore at the CMP of Rs 721. SBICap has issued a research report explaining the fundamentals of Senco Gold and recommending a buy for the target price of Rs 920 which is an upside of 27%.5
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