Saurabh Mukherjea, Founder, Marcellus Investment Managers, says “China’s economic boom over the last 20 years supported commodity prices. China’s economic unwinding, perhaps its economic collapse over the next 10 years, will have a deflationary impact. As and when that becomes apparent to bond markets and to central banks, the narrative that we are close to … Read more
One of the sectors that emerged strongly in terms of earnings growth as well as an investment theme on Dalal Street has been specialty chemicals. However, the volatility in equity markets this year, triggered by the hawkish monetary policy measures by central banks amid spiralling inflation have seen stocks in this space lose some sheen. … Read more
The preview analysis of the just started Q2FY23 results is subdued, both on a YoY & QoQ basis. The signs point to a potential further downgrading in India‘s corporate earnings growth outlook for FY23 & FY24. This is because the Q2 forecast reveals a flat PAT trend on a YoY basis for the Nifty50 index … Read more
Mumbai: Singapore-headquartered private equity fund Everstone Capital will acquire a controlling stake in Calibre, the Mumbai-based specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments, said a company statement. ET had first reported in November that Everstone Capital is in talks to acquire Calibre Chemicals in a deal that could value the … Read more