Morgan stanley stock market

Stripe Inc. (Image: Shutterstock) Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters. The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give them an opportunity to sell shares in the company either to private investors or in a public market, the sources said. Either possibility would address the problem that some employee share options are coming up for expiry but Stripe shares are not currently listed. The aim is to have one arrangement or the other in place within a year, the sources said, adding that if private sales are arranged the buyers will cover tax costs. A 2021 round of fundraising valued Stripe at $95 billion, but the sources said the company had recently cut its own assessment of its value to $65 billion. Read More … [Read more...] about Stripe hires Goldman, JP Morgan to explore listing and private share sale

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Decent quarterly performance with good top-line growth Gross margin expands, headroom for improvement Operating margin impacted by one-off provision and higher advertising expense Early signs of improvement in the premium category Luggage sector has huge headroom for growth with multiple tailwinds Own manufacturing and preference for hard luggage positive for margin Market share gains from unorganised players continue A high visibility consumption stock should form a part of core portfolio VIP Industries (VIP, CMP: Rs 724 Market Cap: Rs 10,251 crore) has posted a decent quarter in... … [Read more...] about VIP Industries Q3 FY23: Why this core portfolio stock needs to be on your radar

Gaurav Kapoor, a New Delhi-based stand-up comedian, has over a million subscribers on YouTube. His channel is full of daily vlogs and occasional stand-up videos. Kapoor is usually the one cracking one-liners. But when it comes to promoting Mamaearth’s products, he becomes the butt of jokes. Kapoor and other influencers have promoted Mamaearth products extensively since the company was incorporated in 2016. For the average YouTube viewer, the sheer number of ads of the then-fledgling brand would easily have got on one’s nerves. Mamaearth is the flagship brand of Honasa Consumer, a beauty and personal care company that plans to come out with an initial public offering. The company filed its draft IPO papers on December 30. Also Read: Mamaearth parent files IPO papers; Sofina, Stellaris, Kunal Bahl, Shilpa Shetty to sell stake Read More The amount spent on advertising and influencer marketing stands out in the company’s draft red herring prospectus. As of … [Read more...] about P/E of 1,000? Investors cautious over huge valuation of Mamaearth IPO

The Life Insurance Corp. of India headquarters in Mumbai. Photographer: Dhiraj Singh/Bloomberg Shares of Indian banks and Life Insurance Corp. of India plunged on Friday amid concerns about their exposure to the Adani Group following a scathing short-seller report. The NSE Bank Nifty Index extended declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners. “Negative sentiment is prevailing in the market, which is weighing on bank stocks,” said Kranthi Bathini, chief market strategist at WealthMills Securities Pvt. “Some of it is due to worries about Adani collateral,” although there’s also a bout of profit-taking after the rally in recent months, he added. Indian banks have reported sterling results over the past weeks, with their quarterly profits soaring driven by scorching credit demand. That euphoria has now been overshadowed by the drama unfolding in the country after US … [Read more...] about Adani report fallout: Banking, LIC shares crack

Honasa Consumer, parent of Mamaearth, is looking to raise Rs 400 crore through a fresh issue of shares, apart from an offer for sale of around 4.7 crore shares. “Valuation discovery is a process which will take place over time as we get into deeper conversations with investor community”. That was Mamaearth co-founder Ghazal Alagh’s response after the company faced #FinTwit’s ire for demanding a ‘sky-high, disastrous’ valuation for its public offering. Keeping Alagh’s comment aside, it is certain that Bollywood actor Shilpa Shetty will be laughing all the way to the bank as her Rs 6.8 crore investment in the company will grow multi-fold. The question is by how much? Let’s assume that Mamaearth lists at Nykaa’s current market capitalisation-to-sales (or price-to-sales) valuation, given both are direct-to-consumer (D2C) companies in the beauty and personal care (BPC) space. Nykaa trades at 7.4 times P/S based on FY23 annualised sales. Honasa Consumer, parent of Mamaearth, … [Read more...] about Shilpa Shetty could make a killing from Mamaearth IPO. Here’s how

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Supreme Industries Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 63%,16%, 16% & 5%, respectively. Market leader in the PVC pipe industry with a value market share of 15% • Robust balance sheet with RoE & RoCE of 24% & 27% (five-year average), respectively, with stringent working capital policy. Outlook We maintain our BUY rating on the stock. We value the stock at 28x P/E FY25E EPS and revise our target price to Rs 2880. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by … [Read more...] about Buy Supreme Industries; target of Rs 2880: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on HDFC AMC HDFC AMC is among the largest and profitable mutual funds with an QAAUM of ~Rs 4.4 lakh crore as on December 2022. Market share as on Q3FY23 was at 11.2% • Strong distribution network with 228 branches and over 75,000 empanelled distribution partners. Outlook We maintain our BUY rating on the stock. However, growth in AUM amid gain in market share to compensate for pressure on yield & drive earnings growth. Thus, we value the business at ~27x FY25E EPS and revise our target from Rs 2600 to Rs 2250. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website … [Read more...] about Buy HDFC AMC; target of Rs 2250: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Maruti Suzuki India This was the consecutive second quarter when MSIL has registered EBIDTA margin above 9% backed by favourable product mix and gross margin expansion. Management bets on launches of SUVs and CNG variants to regain its market share. The company continues to strengthen its distribution network through increasing presence penetration. Backed by a strong response to its SUVs, the management is looking for a leadership position in SUV segment in coming years. Outlook We reiterate our Buy rating on Maruti Suzuki India Limited (MSIL), with an unchanged PT of Rs. 10,965, factoring gains in market shares through refreshed and new launches. stock trades at P/E of 22.2x and EV/EBITDA of 16.3x on FY2025E earnings estimates. For all … [Read more...] about Buy Maruti Suzuki India, target of Rs 10,965: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Indoco Remedies Indoco manufactures and markets branded formulations and APIs for the domestic and export markets. In domestic formulations, through its nine marketing divisions, the company serves a range of specialties (acute heavy). Domestic formulations accounted for 54% of revenues. Major therapies are: respiratory, anti-infectives, stomatologicals, gastrointestinals and vitamins • Formulation exports accounted for 41% (regulated markets: 81%) of revenues while APIs contributed 4% with remaining coming from CRAMS. Outlook We maintain BUY on the back of 1) steady domestic business visibility, 2) strong exports guidance and 3) expected improvement in margins. We value Indoco Remedies at Rs 440 i.e. 14x P/E on FY25E EPS of Rs 31.5 For all … [Read more...] about Buy Indoco Remedies; target of Rs 440: ICICI Direct

Under the scheme, Hinduja Global will buy back 60 lakh shares from eligible shareholders (Representative image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hinduja Global Solutions on January 27 informed the exchanges that its board has fixed March 6 as the record date for the planned share buyback worth up to Rs 1,020 crore. The buyback price has been fixed at Rs 1,700 per share, the outsourcing solutions provider said in a regulatory filing, adding that the the buyback size does not include the transaction costs incurred. Hinduja Global added that these terms of buyback are within the maximum limits approved by the board in its meeting on December 19, 2022 , and as approved by shareholders as a special resolution voted through postal ballot, the company said. Results of the postal ballot were announced on January 27. … [Read more...] about Hinduja Global Solutions fixes March 6 as record date for Rs 1,020 crore buyback