Mumbai: Vikas Khemani-owned investment firm Carnelian Asset Management & Advisors is set to raise its latest ₹5,000 crore public market fund, with the backing of high-net-worth individuals, ultra-high-net-worth individuals and family offices of industrialists. Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest … Read more
TVS Supply Chain Solutions, part of TVS Mobility Group, has received capital markets regulator Sebi’s go-ahead to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of over 2 crore equity shares by promoters and … Read more
Ola Electric: 21,308 units Ola continues to lead the market for the seventh straight month, registering 21,308 units in March 2023 — a significant increase over its figure for the previous month. This is also the first time Ola has breached the 20,000-unit mark in a single month. However, the company claims they sold over … Read more
This Valentine’s Day will be a busy day for traders as equity markets struggle for direction amid lack of fresh triggers and mixed global cues. Choice Broking has recommended select stocks including , , , and Bector Foods to buy on February 14. Technically, Indian Hotels, on the daily chart, has been taking support near … Read more
“Temporarily, some of the corporates which used to borrow in the bond markets, are now actually finding it cheaper to borrow from the banking system because thanks to bond repricing, bond market interest rates have gone up much faster compared to the banks which are linked to the repo rate and the MCLR,” says Mihir … Read more
NEW DELHI: Amid easing chip supplies and pent-up festive season demand, auto has emerged as the best-performing sector on Dalal Street in the last 6 months. Now, ahead of the September quarter earnings season, analysts expect margins to improve for the second straight quarter due to operating leverage benefits and raw material tailwinds. “We forecast … Read more
“Interest rate hikes by the global central banks have strengthened fears of recession while inflation still remains high in the global economy,” said Ravi Singh, Vice President and Head of Research, ShareIndia. In an interview with ETMarkets.com, Singh said he is highly bullish on the auto sector and his top picks are , , and … Read more
Sebi has given its nod to 28 companies to raise funds totalling Rs 45,000 crore through initial public offerings (IPOs) in April-July period of 2022-23 which has already seen 11 debutantes raising over Rs 33,000 crore. Among the firms that have secured the regulator’s clearance include Lifestyle retail brand FabIndia; Bharat FIH, a subsidiary of … Read more
Hero MotoCorp is the largest two-wheeler manufacturer in the world based on volumes. The company manufactures motorcycles and scooters in six plants in India, one in Columbia and one in Bangladesh. It sold 49.44 lakh units in FY22. Synopsis In the past three years, Hero MotoCorp has been India’s only listed two-wheeler stock that has … Read more
NEW DELHI: At a time when the market was rallying, auto sector sulked. And now, when the market is in total disarray, strength seems to have returned to auto counters, helped by healthy volumes and hopes of commodity benefits after the government moved to reduce steel prices. The Nifty auto index trades flat, with a … Read more