Sentenced 24 years

Baroda BNP Paribas Mutual Fund started operations on March 14 as Baroda Asset Management Company and BNP Paribas Asset Management Company’s merger finally came through after more than two years. 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 Strong earnings in Q3 FY23 AUM growth led by organic as well as inorganic growth Acquired mutual fund assets of iFast during the quarter Product mix improves further in favour of equity assets Superior business model Valuation rich The stock of Prudent Corporate Advisory Services (CMP: Rs 1,005; Mcap: Rs 4,162 crore) had a great run on the bourses since its listing last year in May.  The mutual fund distributor’s stock has more than doubled in the last 6 months and is up 62 percent... … [Read more...] about Why is this mutual fund distributor buzzing on bourses since its listing in May last year?

Representative image Hospitality and travel-tech firm OYO estimates its revenue in 2022-23 to be USD 751 million on the back of which it expects to post its first operating profit in a full year, company Founder and Group CEO Ritesh Agarwal has told its employees. At an employees townhall held this week, Agarwal is understood to have shared how the company has been able to gradually strengthen its financials after overcoming the challenges of the pandemic. The company expects its revenue in FY23 to be USD 751 million, up 19 per cent from USD 629 million in FY22, he told the employees through a presentation during the townhall. In the first half of the fiscal year, OYO posted an adjusted EBITDA of USD 8.3 million. It had registered an adjusted EBITDA loss of USD 37 million in the same period of FY22. For the second half of the fiscal, continued momentum on topline coupled with margin expansion and healthy operating leverage are expected to result in USD 24 million adjusted … [Read more...] about OYO estimates its revenue to be $751 million in 2022-23: Ritesh Agarwal

The average estimate of a poll of five brokerages by Moneycontrol had put Bajaj Finance’s net profit at Rs 2,928 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bajaj Finance on January 27 reported healthy standalone third-quarter earnings with double-digit growth in the bottom line on strong growth in assets under management (AUM) and net interest income. Here are the top five takeaways from the lender's Q3FY23 earnings: Strong net profit The non-banking finance company’s standalone profit after tax (PAT) rose 36 percent on-year to Rs 2,624 crore in the December quarter. While, the consolidated PAT for Q3 FY23 increased by 40 percent to Rs 2,973 crore from Rs 2,125 crore in Q3 FY22. Read More The net profit is largely in line with analysts’ estimates. The average estimate of a poll of five … [Read more...] about Bajaj Finance Q3 results: Here are five key highlights

The average estimate of a poll of five brokerages by Moneycontrol had put Bajaj Finance’s net profit at Rs 2,928 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bajaj Finance Ltd reported on January 27 a consolidated net profit of Rs 2,973 crore, a jump of 40 percent year-on-year (YoY) for the December quarter, largely in line with analysts’ expectations. The average estimate of a poll of five brokerages by Moneycontrol had put the lender’s net profit at Rs 2,928 crore for the quarter compared with Rs 2,125 crore reported in the corresponding quarter a year ago. On a standalone basis, the non-bank finance company's net profit grew by 36 percent to Rs 2,624 crore. The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December … [Read more...] about Bajaj Finance Q3 net profit surges 40% to Rs 2,973 crore, meets estimates

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Sterlite Technologies are: Net Sales at Rs 1,882.00 crore in December 2022 up 38.84% from Rs. 1,355.53 crore in December 2021. Quarterly Net Profit at Rs. 50.00 crore in December 2022 up 136.47% from Rs. 137.10 crore in December 2021. EBITDA stands at Rs. 251.00 crore in December 2022 up 811.85% from Rs. 35.26 crore in December 2021. Sterlite Techno EPS has increased to Rs. 1.95 in December 2022 from Rs. 3.45 in December 2021. Sterlite Techno shares closed at 179.60 on January 25, 2023 (NSE) and has given 29.12% returns over the last 6 months and -13.86% over the last 12 months. Sterlite Technologies Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from … [Read more...] about Sterlite Techno Consolidated December 2022 Net Sales at Rs 1,882.00 crore, up 38.84% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Ndr Auto Components are: Net Sales at Rs 105.73 crore in December 2022 up 90.73% from Rs. 55.43 crore in December 2021. Quarterly Net Profit at Rs. 5.68 crore in December 2022 up 77.45% from Rs. 3.20 crore in December 2021. EBITDA stands at Rs. 8.77 crore in December 2022 up 71.62% from Rs. 5.11 crore in December 2021. Ndr Auto Compon EPS has increased to Rs. 9.56 in December 2022 from Rs. 5.38 in December 2021. Read More Ndr Auto Compon shares closed at 615.05 on January 25, 2023 (NSE) and has given 64.01% returns over the last 6 months and 46.35% over the last 12 months. Ndr Auto Components Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income … [Read more...] about Ndr Auto Compon Consolidated December 2022 Net Sales at Rs 105.73 crore, up 90.73% Y-o-Y

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

Westlife Development (Image: westlife.co.in) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of  Westlife Foodworld gained over 4% on January 24 intraday after the company announced the appointment of Saurabh Bhudolia as its chief financial officer (CFO) . Saurabh is a chartered accountant (CA) with experience of over 15 years across manufacturing in India, New Zealand, and Singapore (steel, FMCG, beverage, and retail), the company said in a statement to the stock exchanges. Over the years, his areas of expertise have included accounting, budgeting, costing, treasury, taxation, project finance, financial reporting, business partnering, mergers and acquisitions, industrial relations, and funding. To ensure the company's financial success, Saurabh will oversee all aspects of financial management and strategy. His new … [Read more...] about Westlife Foodworld appoints Saurabh Bhudolia as CFO; stock gains

DLF Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments. The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief Business Officer Aakash Ohri told PTI. "We are planning to launch next month a premium residential project in Sector 63 Gurugram. The estimated sales realisation of this project will be around Rs 7,500 crore," he said. "Demand for real estate across various price points is very strong, especially for products offered by trusted developers," Ohri said. DLF, the country's largest real estate firm in terms of market capitalisation, achieved a 45 per cent growth in sales bookings to Rs 6,599 crore in April-December period of this fiscal and is on track to achieve its annual sales guidance of Rs 8,000 crore. Read More DLF's sales bookings … [Read more...] about DLF plans to launch in February Rs 7500 crore worth premium housing project in Gurugram

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