A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products. Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson … Read more
Mumbai: Small-cap consumer stocks could give better returns than their larger peers if demand recovery in the fast-moving consumer goods (FMCGs) space is robust, said . , Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage‘s top picks among smaller consumer companies. IIFL’s price targets for these stocks imply a 22-28% upside from … Read more
The year 2022 hasn’t been a blockbuster for the Indian equity market, but the billionaires of India have reasons to think otherwise. Despite the year seeing a sharp depreciation in the rupee amid the weak global macroeconomic conditions, the combined wealth of India’s 100 richest people grew $25 billion to touch $800 billion in 2022, … Read more
Mumbai: Initial public offerings (IPOs) in 2022 have helped investors make better money than the previous two years, with 17 of the 22 listings currently trading above their issue price amid sharp swings in the stock market. Some IPOs such as , Veranda Learning, Venus Pipes, and Campus Activewear, have more than doubled over the … Read more
New Delhi: ‘s founder Falguni Nayar has pipped Kiran Mazumdar to become the richest self-made Indian, according to IIFL Wealth Hurun India Rich List 2022 released on Wednesday. The 59-year-old Nayar raced passed ‘s Shaw (68) after the successful listing of FSN E-Commerce Ventures, the parent company of omnichannel Nykaa. Nayar is also the richest … Read more
Recent debutant has seen a host of brokerages slashing their ratings on the stock post its otherwise reasonable set of numbers, citing expensive valuations that leave little on the table. On Wednesday, the scrip plunged 9.03 per cent to hit a low of Rs 1,180 over its previous day’s close of Rs 1,297.20 Punchy valuations … Read more