The two companies had announced the proposed merger on August 21, 2021. The in principle approval for the merger came from Insurance Regulatory and Development Authority of India (IRDAI) in November 2020 and now on September 3, 2021, Lombard informed about the receipt of the final approval from the regulator. Key points to note – … Read more
Kotak Mahindra Bank (KMB) is one of the under performer in the current bull market. The stock is at similar levels as it was in December 2019 compared with nifty that has increased by >40% during this period. However, it seems that KMB is now trying to make a move. Checkout the chart below. On … Read more
Exide Industries today informed that it has decided to divest it’s entire life insurance business stake to HDFC Life Insurance Company. Key points to note – Total transaction value is Rs 6,687 crore. Of this Rs 726 crore is upfront cash and balance as shares in HDFC Life Insurance at Rs 685/ share. Post the … Read more
Exide has informed that the Company is evaluating foray into lithium-ion (li-ion) cell manufacturing and is details on Govt’s recently announced Production Linked Incentive (PLI) scheme for such batteries. The scheme’s outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced … Read more
Motherson shared it’s Vision 2025 with investors whereby it targets to achieve $36 bn of revenues by FY 25. This is almost 4.5x of Rs 60,000 crore ($8 bn) of revenues reported in FY20 i.e., an implied CAGR of about 35%. Company’s revenue CAGR in previous 10, 5 and 3 yrs was 25%, 12% and … Read more
The issue is suitably timed given the current bullishness in the overall markets. Issue is also sweetly priced at Rs 535/ share – a 10% discount to the previous day’s closing price. Other salient features of the issue include – Rights will be offered in the ratio of 1:14 25% of the amount will be … Read more
Company’s portfolio comprises of fabric care, home care, personal care and dish wash. It’s brand portfolio includes Ujala, Henko, Margo, Maxo and Pril amongst others. The stock has been an under performer over the last few years primarily due to the increased competitive pressures and consequent average financial performance. Sales and profits just grew at … Read more
Current Market Caps (August 23, 2021) Bombay Burmah Trading Corporation (BBTC) – Rs 8,239 cr Britannia Industries – Rs 93,841 cr BBTC’s stake in Britannia is currently worth more than Rs 40,000 crore i.e., almost 5 times of it’s total current market cap. As such, it’s not unusual for holding companies to trade at a … Read more
Have a look at the following long term SBI chart. The stock after testing it’s long term support in March-April 2020 has recently broken out of 2015 highs. The long term pattern has all classic formations to suggest a sustained upward move for medium to long term investors. If the market corrects, the stock can … Read more