ET Intelligence Group: Shares of Jubilant Ingrevia, manufacturer of chemicals and nutrition products, have staged a marginal recovery since the middle of August, gaining 5% after losing as much as 14% in the previous two weeks following the company’s muted year-on-year revenue growth in the June quarter. The company is back on investors’ radar given … Read more
The fourth quarter earnings season is picking up momentum and on Tuesday as many as 83 companies will announce their quarterly numbers. Key earnings to watch out include from Airtel, Tata Motors, Cipla, Hero Moto and GRSE. Apart from the above, AB Capital, Alembic, ASK Automotive, Bharti Hexacom, Honeywell Automation, IB Infotech Enterprises, Indo Borax, … Read more
With Samvat 2079 drawing to a close, a glimpse into the journey of Dalal Street investors shows a year marked by major ups and downs, but India stood strong against the global mayhem and managed to give a Diwali dhamaka! The journey since last Diwali began with benchmark indices hitting lifetime highs in December 2022, … Read more
Dalal Street legend Rakesh Jhunjhunwala died on Sunday. An established trader, renowned investor and a chartered accountant by profession, he entered the equity markets with just Rs 5,000 in 1985. On the day of his death, Jhunjhunwala’s net worth is estimated at $5.5 billion, roughly Rs 43,800 crore, making him the 36th richest person in … Read more
MUMBAI: Jubilant Ingrevia, a portfolio stock of Rakesh Jhunjhunwala, is being backed to set the Street alight over the next year as investors may rerate the stock because of its compressed valuations to peers despite high earnings per share growth potential. Brokerage firm Edelweiss Securities recently initiated coverage on the stock with a buy rating … Read more