"Maruti with its more than 50 percent share is our preferred sector pick. Within auto parts, we have a 'buy' rating on Endurance, which will benefit from its increasing content supplies to the two and three-wheeler OEMs. The parts supplier has acquired the European parts companies - Adler and Grimeca, which will further enhance their technical competence," said Makharia. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
Cyber security facts
- Phase 3 (2014 to 2019) – Successful domestic acquisitions: Having learned from its mistakes made in the preceding phase of international acquisitions, Pidilite resumed its focus on frequently acquiring smaller domestic competitors in its core business. For example, Bluecoat has been acquired for ~Rs 260 crores (6% of FY14-19 operating cash flows) and Suparshva for an undisclosed consideration. These acquisitions have turned out to be substantially RoCE accretive for Pidilite. The firm has also deployed ~Rs 300 crores over FY14-19 (~7% of operating cash flows and ~2-3% of capital employed over this period) to acquire businesses in adjacent categories (CIPY – floor coatings; Nina and Percept – waterproofing contractors) and has formed JVs with MNCs like ICA for niche products like wood finishes. These businesses have shown significant improvement in financial performance post-acquisition. In addition to disciplined capital … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
“These terrorists, these Antifa people, these people that are anarchists and agitators,” Trump says in a huff. “When they see the name of a policeman or law enforcement, they find out where that person lives and they go and scare the hell out of the person’s family, so they do it for that reason. It’s just common sense.” … [Read more...] about 11 jaw-dropping moments from Trump’s flabbergasting ‘Axios’ interview
SCOOP: SEC ramps up investigation into Tesla privatization plans; sends subpoenas to Tesla regarding privatization plans and Musk's statements involving "funding secured"–sources Subpoenas signal investigation has reached the "formal" stages — sources more now @FoxBusiness … [Read more...] about Report: Elon Musk’s “taking Tesla private” tweets attract SEC subpoena