Maruti Suzuki’s revenue to grow at a CAGR of ~18% from FY21 to FY25E and the operating margins of the company to improve by 440 basis points.
Fabindia may sell 25-30% stake via its IPO. PremjiInvest, Lighthouse Funds, Kotak Securities, Nandan & Rohini Nilekani are some of its shareholders.
Value stocks are the ones that are trading at relatively low multiples compared to their earnings and growth potential
This week Sensex rose 175 points or 0.30% to settle at 58,305. The Nifty 50 index gained 45 points or 0.26% to settle at 17,369.
Indian benchmark equity indices settled with modest gains on September 9 amid the weekly expiry of derivatives contracts.
BSE MidCap index scaled to a new peak of 24,715, while BSE SmallCap index touched a new high of 27,645 in today's session.
Nifty 50 index is currently trading at relatively reasonable valuations on P/B basis at 3.6x, 0.77 standard deviation above long term averages.
Management commentaries across large & midcap players suggest some pricing power has come back to the IT-services industry, at least for niche skills.
The price band for Bengaluru based company has been fixed at Rs 734-744 per share having a face value of Rs 2 per share.
Contributions under the SIP continued to break records for the fourth month in a row as they touched lifetime highs of Rs 9,923.15 in August 2021.