It is not often that a Credit Rating Agency/Company trades at valuations of 15X Earnings and certainly not if it is among the top 3 rating agency in the country. But such was the impact of the IL&FS and DHFL episodes especially on CARE Ratings, that the company saw a continuous erosion in its share […]
The revenue for ITC during Q2 Fiscal 2021 grew by 1.7% on-year to INR 137 Billion aided by robust 19% on-year growth in FMCG (Ex-Cigarettes) business. The Profit After Tax however dropped by ~18% on-year due to INR 193 Crore loss in hotels business. Without considering the hotels segment, the operating profit for the company […]
Jyothy Labs (click here for detailed initiating report) posted decent set of Q2 Fiscal 2021 numbers with EBITDA and PAT increasing by ~9% and ~12% on-year respectively for the company. However, the revenue from Fabric care segment saw a ~12% on-year drop as sale of main wash products continue to remain impacted as lack of […]
Hello Readers! First of all, why even do an article/blog on a relatively less exciting company like Tata Steel? Well, the Steel Industry has undergone consolidation over the last few years (thanks to IBC!) and leaves us with three major players in the Industry – State-Owned SAIL, and privately-owned Tata Steel and JSW Steel. We […]
The news of Right Issue by Mahindra & Mahindra Financial Services (“MMFS”) at INR 50 per share (1:1) in-order to raise INR 3,500 Crore hit the investors like a thunderbolt yesterday (18th July 2020). The issue price was at steep 76% discount on CMP of INR 208 for the company. This left many investors believe […]
Incorporated in December 1999, HDFC AMC operates as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). As of fiscal 2020, the company is the second largest AMC with quarterly average AUM of INR 3.7 trillion. It is the leader among Individual AUM segment (retail investors) with 15% market […]
The direct to digital release of Ayushmann Khurrana and Amitabh Bachchan starrer – Gulabo Sitabo due to Covid-19 created some flutters in the multiplex industry, as the stakeholders were worried that this could set a new-trend for more movies in the long-run as well. Basis the news, the PVR and INOX leisure stocks further corrected […]
ITC’s Businesses The FMCG Business includes the Cigarettes segment and the branded FMCG products segment (Staples, Biscuits, Snacks, Noodles, Confectionary, Ready to Eat, Juices, Dairy, Chocolate) ITC’s Product Portfolio Shareholding Pattern (As of March 2020) Source: Company Filings High Free Float will continue to lead to high trade volumes and significant price movement in the […]
Coronavirus Pandemic has induced a steep correction in equity markets over the globe during the last few weeks. Except China, all the global markets are witnessing a steep sell-off and the situation is not expected to get better over the course of next few weeks. However, many long-term investors with a 10-year timeframe are using […]
IL&FS fiasco was arguably India’s Lehman Moment. It has now been 18 months since the turmoil began in India’s financial system, and the economy is still struggling to find its feet. Though the repercussions on the overall financial system was less contagious compared to the 2008 economic meltdown in the US, the elephant in the […]