The market delivered 3 percent return in the week ended October 18. This was backed by renewed FII inflow along with consistent DIIs money, government's initiative towards strategic disinvestments -- especially after stellar response to IRCTC, -- stable earnings and favourable global cues including the Brexit deal.With a rally in two consecutive weeks, benchmark indices recouped all its losses seen in the week ended October 4. The BSE Sensex ended at 39,298.38 and the Nifty50 at 11,661.90.Corporate Q2 earnings are expected to be dull and may disappoint in some cases. Liquidity issues along with consumer spending slowdown could led to not so good Q2 growth numbers.Close "We may see some consolidation in Nifty after the recent surge while movement on the specific stocks would continue. In the absence of any major event, global cues and earnings will continue to dictate the market trend," said Ajit Mishra Vice President, Research, Religare Broking. related news Ideas for … [Read more...] about Hits and misses of corporate earnings: Top 10 companies that declared Sept quarter results last week
Profit booking at the last hour of trading wiped out most of the intraday gains resulting in a flat closing on November 15, though Nifty managed to end near 11,900 levels.At close, the Sensex was up 70.21 points at 40,356.69, while Nifty was up 23.20 points at 11,895.30.On a weekly basis too, the market ended flat for the week ended November 15 as it traded in a range amid weak macro data and inline numbers from India Inc with no major cues on the global front.Close In the week gone by, the Sensex rose 33.08 points to end at 40,356.69, while the Nifty was down 12.65 points ended at 11,895.5. related news Brokerages expect this road developer to double return Brokerages see these 2 banks as biggest beneficiaries of Essar Steel resolution As market consolidates these 10 large, midcaps may return 10-29% in next 12 months Foreign Institutional Investors (FIIs) remained net sellers selling equities worth Rs 321.30 crore during the week, while … [Read more...] about Brokerages raise target price of these 10 large, midcap stocks post Q2 results
Ride-hailing company Uber on April 11 filed for an Initial Public Offer (IPO) and may be listed on the New York Stock Exchange (NYSE) from May this year, as per media reports.The IPO is touted to be one of the biggest technology debuts, and multiple media outlets have reported Uber's proposed valuation to be around the $100 billion mark.This is a staggering 25,000 times higher than the $4 million it was valued about a decade ago, during the initial round of funding. To put this into perspective, if you had invested $1,000 in Uber's seed funding, it would be worth $25 million today, as per the proposed valuation.Close While many rejoiced at the thought of one of the most globally renowned companies going public, a closer look at Uber's prospectus hoists major red flags. related news Delhi-NCR pollution: Ola and Microsoft to collect air quality data PFRDA studies proposal to allow pension fund managers to provide annuity services Xiaomi seeks incentives to boost exports, … [Read more...] about Uber’s upcoming IPO has raised more questions than it has answered – here’s why
Varun Beverages has surged over 119 percent since getting listed in November 2016 and despite a steady rise in its share price over the last three years, the scrip is on the verge of hitting the fast lane sooner rather than later.The company reported a 118.1 percent increase in net profit at Rs 40.63 crore for the quarter ended March 2019. Net sales rose to Rs 1,359.15 crore, a 24.1 percent increase in the same period.Analysts are counting on the stock to unleash its true growth potential in India after the beverage major acquired the franchise rights to PepsiCo in West and South India.Close Apart from strong brand affiliations, Varun Beverages has multiple moats, which includes an established distribution network of 2 million retail outlets, 36 manufacturing units pan-India, which reduces freight costs, and backward integration. The company also benefits from economy of scale after consolidating in West and South India. related news 'Data' is the rising factor for … [Read more...] about Despite its share price doubling in less than 3 years, Varun Beverages is only warming up
https://www.youtube.com/watch?v=1iXYTwuuLxs advertisement advertisement One of the challenges with creating a great stunt ad is figure out what to do as an encore. Molson Canadian faced this dilemma when following up its very popular “Beer Fridge,” which saw the beer brand travel around Europe with a red fridge that would only open with a Canadian passport. The stunt made international headlines and, until WestJet launched its tear-jerking Christmas opus, it was the most viewed commercial of the year in Canada. A very tough act to follow. Now the Beer Fridge is back. This time, however, the beer run is far more personal and considerably more ambitious. “The Beer Fridge–Project Indonesia” is about three real-life friends–one living in the remote Gili Islands in Indonesia, and two bringing their buddy a fridge stacked with frosty brews all the way from Canada, so that he can watch the upcoming Olympics in true Canadian fashion. It’s … [Read more...] about Molson Sent Two Guys and A Beer Fridge to Indonesia To Surprise A Friend. Here’s How.