Tax cut effect on stock market

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

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

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 × Reported Standalone quarterly numbers for Sonata Software are: Net Sales at Rs 233.17 crore in December 2022 up 25.45% from Rs. 185.87 crore in December 2021. Quarterly Net Profit at Rs. 64.69 crore in December 2022 up 15% from Rs. 56.25 crore in December 2021. EBITDA stands at Rs. 81.82 crore in December 2022 up 13.28% from Rs. 72.23 crore in December 2021. Sonata EPS has decreased to Rs. 4.67 in December 2022 from Rs. 5.42 in December 2021. Sonata shares closed at 593.10 on January 23, 2023 (NSE) and has given 5.88% returns over the last 6 months and -3.39% over the last 12 months. Sonata Software Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations 233.17 237.19 185.87 Other … [Read more...] about Sonata Standalone December 2022 Net Sales at Rs 233.17 crore, up 25.45% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Sonata Software are: Net Sales at Rs 2,260.78 crore in December 2022 up 21.68% from Rs. 1,858.02 crore in December 2021. Quarterly Net Profit at Rs. 117.66 crore in December 2022 up 20.47% from Rs. 97.67 crore in December 2021. EBITDA stands at Rs. 172.81 crore in December 2022 up 17.61% from Rs. 146.94 crore in December 2021. Sonata EPS has decreased to Rs. 8.48 in December 2022 from Rs. 9.40 in December 2021. Sonata shares closed at 593.10 on January 23, 2023 (NSE) and has given 5.88% returns over the last 6 months and -3.39% over the last 12 months. Sonata Software Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations 2,260.78 1,495.98 … [Read more...] about Sonata Consolidated December 2022 Net Sales at Rs 2,260.78 crore, up 21.68% Y-o-Y

Everyone has the perpetual desire to earn and save money and has the expectancy to grow their money multifold. It’s a perennial search for options and one can equate the financial market to the ocean. The German linguist Heinrich Zimmer once described the ocean as “limitless and immortal, the beginning and end of all the things on earth”. Equivalently the financial market has never been run short of investment options or investment possibilities. Hence, the plethora of options for making money grows for future purposes, and people are caught in the middle of what options might be the better choice to get a Fixed return for a shorter or longer duration. As the ocean has the biggest fish, the finance market has the FD (Fixed Deposit) which has been predominantly trusted by investors. There are other better yield instrument options available, yet those instruments lack adequate trust among investors. Lately, equity, mutual funds, PPF, crypto, and Government bonds have become the … [Read more...] about Why are NCD IPOs important to invest in?