"The sector was already reeling under pressure during pre-COVID and current demand is very low. In the near-term, the trend will be volatile due to uncertainty and over-optimism recently. In a medium to long-term basis, the commercial vehicle sector will turn out as a dark horse and auto as a good candidate of contra-bet," said Nair of Geojit Financial Services. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
2. Type 2 – Learnt from historical experiences around M&A: Firms like Asian Paints and Dr. Lal Pathlabs are open to doing acquisitions to grow their product portfolio or geographical presence, respectively. However, the promoter and management teams of these firms have demonstrated significant caution and restraint in considering such opportunities in the past. They have executed bolt-on acquisitions that do not risk a large part of the firm’s capital employed and have been cautious in deploying incremental capital into these acquired businesses. One exception though is a firm like Pidilite, which has had three distinct phases of large-sized M&A transactions in its history (as summarized below). The firm has acknowledged its mistakes, and implemented course-correction subsequently, which gives us conviction on capital allocation discipline likely to be pursued in the future. … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
RSS chief Mohan Bhagwat and Uttar Pradesh Chief Minister Yogi Adityanath were among those who attended the event at the site. The guest list, including religious leaders who formed part of the movement that started in the 1980s, was restricted to 175 in view of the COVID-19 crisis. … [Read more...] about ‘Ram is love, Ram is justice’: Rahul Gandhi breaks silence on Ram Mandir bhoomi poojan
Swan points out that mail-in voting has been part of the American electoral system since the Civil War, and Trump counters by griping about the scale of this year’s election, claiming he heard that someone received a ballot for their dog. This portion of the interview ends with Swan pointing out the extent to which Republicans are currently pushing mail-in voting within their ranks. … [Read more...] about 11 jaw-dropping moments from Trump’s flabbergasting ‘Axios’ interview
74th Independence Day Guidelines: Here's what will be in place for celebrating the big day Mumbai rains: Maharashtra CM Uddhav Thackeray asks people to avoid going outdoors Why Paytm and other startups are turning to stock broking, what it means for traditional brokerages and other questions answered … [Read more...] about Ram Mandir Bhoomi Poojan: Key highlights of what PM Modi said