The growing concern about Korean companies’ lower valuations may prompt their Indian subsidiaries to list on the domestic stock exchanges soon. The South Korean market regulator the Financial Services Commission, recently introduced a “Corporate Value-up” program that targetted the ‘Korea Discount’. Despite faring well economically, South Korea’s benchmark KOSPI index rose by 35 per cent…
Target: ₹635 CMP: ₹479.10 On its Investors Day, PCBL’s management gave insights on the company’s ongoing growth plans and long-term opportunities. Key takeaways are: Battery chemicals has great potential and is expected to contribute from FY26E/27E; for Aquapharm, the target is to grow each vertical and backward integrate to yellow phosphorous (leading to 15 per…
Target: ₹373 CMP: ₹279.85 NLC India, a Navratna central public sector enterprise (CPSE), enjoys an extensive presence across varied energy multiverses – viz., lignite and coal mining, power generation, power trading, and consultancy for mining and power sectors. We initiate coverage on NLC India (formerly Neyveli Lignite Corporation) with a Buy and an SoTP-TP of…
Zee Entertainment Enterprises Ltd. (ZEE), Culver Max Entertainment Pvt. Ltd. (CMEPL), and Bangla Entertainment Pvt. Ltd. (BEPL) have reached a comprehensive non-cash settlement to resolve all disputes related to their proposed merger. The companies announced today that they will withdraw their claims from the ongoing arbitration at the Singapore International Arbitration Centre and cease all…
Indian benchmark indices opened flat on Tuesday, with the Nifty hovering near its all-time high, as investors weighed positive global cues against caution ahead of key events later this week. The Sensex opened at 81,815.23, slightly up from its previous close of 81,698.11, while the Nifty started the day at 25,024.80, marginally higher than Monday’s…
The domestic stock markets showed modest gains in mid-day trading on Tuesday, with the Sensex and Nifty both up 0.18%. At 1:12 pm Sensex was at 81,845.84, up 147.73 points or 0.18 per cent firmer. Nifty was at 25,056.00, up 45.40 points or 0.18 per cent. Market sentiment was buoyed by speculation of a potential…
Market regulator SEBI has issued notice to fintech firm One97 Communications, which owns the Paytm brand, in the March 2024 quarter on employee stock options given to its MD and CEO Vijay Shekhar Sharma, according to the company filing on Monday. In response to a query from stock exchanges, Paytm said the notice is not…
Medi Assist Healthcare Services Limited saw its shares rise by 8.88 per cent, reaching ₹610.90, after it was announced that its subsidiary Medi Assist Insurance TPA Private Limited is acquiring a 100 per cent stake in Paramount Health Services & Insurance TPA Private Limited for ₹311.8 crore. The deal, disclosed on August 26, 2024, is…
The shares of HCLTech were trading at ₹1,722.70, up by ₹1.80 or 0.10 per cent, today at 10.30 am on the BSE. HCLTech and Xerox have extended their partnership for innovation through AI and digital engineering, as announced on August 26, 2024. The collaboration aims to support Xerox’s reinvention initiative, focusing on long-term growth and…
Gift Nifty at 25,030 indicates another soft opening for Nifty, Sensex. According to analysts, market will be volatile ahead of the F&O monthly expiry at the NSE this Thursday. However, analysts expect the market to remain in consolidate mode. Vikram Kasat, Head – Advisory, PL Capital, said: “Valuations in the large cap space are comfortable…
