Sharekhan's research report on Zydus WellnessPost the acquisition of Heinz portfolio, Q1 and Q4 are the best quarters for Zydus Wellness (ZWL) due to higher sales of Glucon D and Nycil during these quarters; seasonality is spread in the ratio of 70:30 between Q1/Q4 and Q2/Q3 of any fiscal for Heinz portfolio. After consolidation of Heinz portfolio, revenue growth was muted at 3.6% on like-to-like basis due to lower sales of by-products such as ghee and trading of milk; excluding by-products, revenue grew by ~9% led by steady performance of some key brands. Profitability was affected due to a change in revenue mix (lesser contribution from high margin products) and higher input prices (including milk).OutlookWe have reduced our earnings estimates for FY2020 and FY2021 to factor in seasonality in business and maintain our Hold rating with a revised PT of Rs. 1,610.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment … [Read more...] about Hold Zydus Wellness target of Rs 1610: Sharekhan
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Smog resulting from raging farm fires and unfavourable weather conditions led to the air quality level in the Delhi-National Capital Region (NCR) moving towards the "emergency" zone on November 13.This prompted authorities to order closure of schools till November 15 (Friday). Such a closure has been ordered for the second time in two weeks.With the Central Pollution Control Board (CPFC) fearing a similar situation will prevail over the next two days, Chief Minister Arvind Kejriwal said the odd-even road rationing scheme can be extended if needed.Close The Environment Pollution (Prevention and Control) Authority (EPCA) also extended the restrictions on dirty-fuel based industries in Delhi-NCR, hot mix plants and stone crushers till the morning of November 15, as the meteorological department said strong winds are expected from November 15, which will bring down the air pollution levels to the very poor category. related news Rafale Verdict: Supreme Court dismisses review … [Read more...] about Delhi-NCR schools shut till tomorrow; air quality index moves towards ‘emergency’ zone again
Planning to buy a house? Looking for a home loan? Before you take the plunge, it is important that you understand the home loan eligibility criteria for all banks and financial institutions. You can save yourself from getting your application rejected if you know you are an eligible candidate for the loan. You can also save time while applying a loan if you know you are eligible for the loan.If you meet the criteria set by banks for home loans, you make for a strong application. Most banks and lenders have a different set of criteria for judging applicants. However, some factors are common among all lenders such as age, employment status and credit score. In the following sections we give you a breakdown of these criteria. Home Loan Eligibility for All Banks in India The housing loan eligibility criteria varies from one bank to another. However, there are some factors that are common across banks and lenders.Close Most banks offer loans to people who fall in the age bracket of 21 … [Read more...] about Home Loan eligibility criteria
Vikram had just purchased a home. While he wasn't married, and had just begun his career five years ago, this was the equivalent of scaling Mount Everest. And in his books - irrespective of what family and friends said about marriage - Vikram had actually settled down. Many friends agreed. After all, buying a home in India is a tough task, given the rise in real estate prices. Fortunately, banks and non-banking financial organisations offer several types of home loans, depending on your requirement. There are home loans for women, agriculturalists, and even for purchasing land. Types of Home loansThanks to the demand in purchasing real estate, and the tax benefits that one can avail from a home loan, banks and non-banking finance institutions have the following home loan products available in the market that cater to your needs. Loans for purchase of landPeople buy land as an investment, and several banks and non-banking financial institutions offer loans for purchase of … [Read more...] about Home Loan types: Different types of Hosing Loan in India
Once you apply for a home loan from a bank or a non-banking finance company (NBFC), one of the things you are required to constantly check up on is your home loan application status. You can do this through the bank or NBFC’s online portal or an app that can be downloaded on your mobile phone. This also increases the transparency on the bank’s part, as you know your situation as to whether your home loan will be accepted or rejected.Each bank and non-banking finance company has a specific set of requirements when it comes to checking your home loan application status. However, the following steps are commonClose -Your will be required to visit the bank or NBFC’s website related news Hybrid Funds: Get complete guide on Hybrid Mutual Fund Home Loan types: Different types of Hosing Loan in India -Here, you go to the home loan-In the home loan section, you can click on the home loan status-You are usually redirected to a new page where you enter your … [Read more...] about Home Loan status: How to check Home Loan application status?