The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex Industries and Supreme Industries. Based on Jefferies’ price targets, these stocks could return between 11% and 44%.
Reseñas
High forex transaction charges for smaller customers worrisome: RBI deputy governor Rajeshwar Rao
The central banks in 2021 reviewed the foreign exchange system to rationalise and streamline it, but that may remain incomplete unless the Foreign Exchange Dealers Association of India also doing its part in reviewing its guidelines, RBI deputy governor Rajeshwar Rao said.
Adani Group increases share pledges in 2 companies
With the latest pledge, the total shares in Adani Green Energy Ltd – the group’s renewable energy company – that were encumbered with SBICap was 2 per cent. In the case of Adani Transmission, this came to 1.32 per cent
Life Insurers’ business growth muted in February
While the overall retail APE for the industry rose 10.5% on a year-on-year basis, helped by private players expanding at 18%, LIC’s retail APE declined by 3% over the same period. The low growth resulted from a likely pre-booking of high-ticket non-ULIP policies in February and March 2023 to avoid Continue Reading
Maharashtra Budget promises sops for farmers, women
Fadnavis said his budget was based on the goals of ‘panchamrit’, of which Amrut-1 was Sustainable Farming- Prosperous Farmers; Amrut-2 was inclusive development of all sections of society including women, tribals, backward classes, OBCs; Amrut-3 was development of infrastructure with substantial capital investment; Amrut-4 was employment generation, competent, skilled, employable Continue Reading
Bira 91 raises $10 million from Japan’s MUFG Bank
Presently with a market share of 5% across key regions in India, Bira 91 has tripled its pre-COVID numbers.Brewer refrained from disclosing valuation or MUFG’s stake in it after funding round.
Promoter entity sells 10% stake in Gokaldas Exports for Rs 235 crore in block deals
As of December-end, the promoter held over 20% stake in Gokaldas Exports. Aditya Birla Sun Life and Goldman Sachs were buyers of co shares today
Crypto stocks slide after Silvergate decides to shut down
Silvergate’s latest move only highlights high-profile collapses among crypto market players since last year. Shorting in shares of Silvergate has turned out to be profitable for bearish investors
Bond yield curve inverts: Should investors be worried?
This declining trend in liquidity and inversion of the yield curve is likely to continue for some more time, according to Vijayakumar, but he does not expect it to impact India’s GDP growth in the next fiscal year. On the global front, the US Federal Reserve head Jerome Powell’s hawkish Continue Reading
India’s $3-billion green borrowing may add longer maturity debt
India’s green bond offerings in current fiscal consist of 5-year and 10-year tenor ones, totaling Rs 16,000 crore. Green bonds are part of country’s plan to fund the switch to clean energy