Novabay, incorporated in November 2015, is primarily engaged in the manufacture and sale of premium-grade sodium bicarbonate serving pharmaceutical, food, personal care, and other sectors across Europe, the Americas, Oceania, Asia, the Middle East, and ASEAN markets. Shares of Tata…
Shree Cement to invest ₹2,000 crore in Vidarbha for a 2 MTPA unit, aiming for 80 MTPA capacity by 2028. Hari Bangur announced plans in presence of Devendra Fadnavis.
A Balasubramanian, Managing Director and CEO at Aditya Birla Sunlife Asset Management Company, anticipates a significant shift from equity to debt financing for corporate growth, driven by lower capital costs and the potential for higher shareholder returns.
Retail investors piled into the Quadrant Future Tek issue, placing bids for 26.04 crore shares, compared to the 10.5 lakh shares reserved for them, taking their overall subscription number to 247 times.
Sunny Agarwal, Head Fundamental Research, Retail Desk, SBI Securities is positive on tyre companies due to stable rubber prices and lower crude costs, recommending CEAT as a top pick due to its strong brand and focus on two-wheeler and passenger…
Nifty 50 also managed to trade above its 20-day moving average (DMA), while the Nifty Bank index was seen hovering around its 20-DMA.
Sandeep Tandon, Founder and CIO of Quant Mutual Fund, also sees selective opportunities in the FMCG space, especially in food processing companies that are benefiting from the implementation of GST.
Siddhartha Khemka, Head of Research–Wealth Management at Motilal Oswal Financial Services, remains constructive on Shriram Finance despite its sharp 48% rally over the past year. He said a potential entry of a strategic investor such as Mitsubishi UFJ would be…
Centrum said ICICI Prudential AMC is a key beneficiary of the structural growth in India’s mutual fund industry, which has seen a sharp expansion in quarterly average assets under management in recent years.
The deal will value Shriram Finance at a post-money valuation of 1.9 times one-year forward estimated price-to-book value, which is significantly lower compared to its nearest peer Cholamandalam, which trades at over 4 times book.