Editorial The Failed Carlyle-PNB Deal: Explained In early 2021, Punjab National Bank Housing Finance announced plans to raise Rs 4,000 crore through the allotment of preferential shares and convertible bonds. PNB Housing Finance would alot these shares to private equity firm Carlyle Group-led investment vehicles, Aditya Puri’s family investment arm, and a bunch of other shareholders. However, SES, a proxy advisory […] Written by Maarg Vaidya November 25, 2021November 25, 2021
Editorial Why Was The PayTM IPO a Flop Show? India’s largest IPO in a decade has turned a flop show! One97 Communications Ltd, the parent company of digital payments app PayTM, lost 27% of its share price on the day of its listing. Domestic retail investors had high hopes on the Rs 18,300 crore IPO. Nevertheless, investors were left surprised when the shares were […] Written by Maarg Vaidya November 22, 2021November 22, 2021
Editorial Q2 Result Analysis: Tata Steel Net Profit Soars 660% YoY Tata Steel, the steel giant, saw incredible growth this quarter in terms of profits, Q2FY22. In the second quarter, the steelmaker saw its revenue grow by ~62% YoY and ~13% QoQ. The revenue growth eventually resulted in a whopping ~660% growth over a year. In the current quarter, Q2FY22, the company scored a net profit […] Written by Maarg Vaidya November 16, 2021November 16, 2021
Editorial IndusInd Bank In Trouble Over Whistleblower Allegations IndusInd Bank had a tremendous Q2 FY22 quarterly result after its profits rose by 72% YoY. Its Interest Income rose by 6.59%, Provisions and Contingencies fell by 7.6% and Gross NPA reduced by 2.77%. Despite such great results, IndusInd’s share price had a freefall last day. This piece covers the allegations made by a group […] Written by Maarg Vaidya November 10, 2021November 10, 2021
Market News Top 10 News SBI Q2 Net Profit Rises 67% – Top Indian Market News SBI Q2 Results: Net profit rises 67% YoY to Rs 7,626 crore State Bank of India (SBI) reported a 67% YoY increase in net profit to Rs 7,626.5 crore for the quarter ended September (Q2 FY22). Net profit increased 17% compared to the previous quarter. Its net interest income (NII) rose 10.6% YoY to Rs […] Written by Maarg Vaidya November 3, 2021November 9, 2021
Editorial PayTM IPO Analysis: The Biggest Indian IPO is Here! India’s largest IPO in a decade is near! One 97 Communications Limited, the parent company of PayTM, is expected to raise Rs 18,300 crore through its IPO next week. This piece covers the company’s financial position and business model. About PayTM PayTM is an Indian multinational company that specializes in digital payment systems, e-commerce, and […] Written by Maarg Vaidya November 2, 2021November 3, 2021
Editorial Nykaa IPO: All You Need To Know What a thrilling year for startups! After Zomato, companies such as Paytm, Oyo, and MobiKwik are lining up to launch their IPOs. FSN E-Commerce Ventures Ltd, the parent company of Nykaa, has launched its initial public offering (IPO) today— October 28. It is a unicorn (startup with more than $1 billion valuation) led by women […] Written by Maarg Vaidya October 28, 2021November 21, 2021
Editorial Why are Zinc and Aluminium Stocks Rallying? Will Base Metal Stocks Move More? India’s base metal market is booming. Steel, Aluminium, Zinc, Copper, and other such metals are known as base metals. They are used extensively in industries. The base metal market was facing headwinds as COVID-19 restrictions were being lifted throughout the world. Competition from China, capacity rebuilding, reserve stock shortage, and unfavourable international market prices were […] Written by Maarg Vaidya October 23, 2021October 24, 2021
Editorial Indian Energy Exchange (IEX) Shares Rise 50% in 6 Days: Analysis India, just like the rest of the world, is in the middle of an energy crisis. Major cities are planning for blackouts if the supply of coal is not normalised. India is in a sticky situation. Fuel and food are expensive, and so is energy. Despite the grim economic situation, there is one very vibrant […] Written by Maarg Vaidya October 19, 2021October 19, 2021
Editorial Titan Company Limited, The New Hot Stock Titan Company Limited, a subsidiary of the Tata Group, has been in the news for the past few days. It is this very company that helped ace investor Rakesh Jhunjhunwala make Rs 900 crore in a single day. In this piece, we dive down into what makes Titan so unique. Why Is It In The […] Written by Maarg Vaidya October 12, 2021October 12, 2021
Editorial OYO Rooms Files For IPO: Pre-IPO Review Oravel Stays Limited, popularly known as OYO Rooms, has filed its Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI). The papers filed by OYO are not final and give only insight into its intention, business model, and the challenges it faces before the IPO. The loss-making company with a […] Written by Maarg Vaidya October 7, 2021October 7, 2021
Market News Top 10 News Jindal Steel and Power Reports Highest Ever Quarterly Steel Sales – Top Indian Market News Jindal Steel and Power Reports Highest Ever Quarterly Steel Sales Jindal Steel and Power Ltd (JSPL) has recorded the highest ever quarterly steel sales in the July-September quarter (Q2 FY22). JSPL’s seel sales volume climbed 32 percent quarter-on-quarter (QoQ) and 10 percent YoY to hit a record high of 2.13 million tonnes during the quarter. […] Written by Maarg Vaidya October 5, 2021October 6, 2021
The Escorts-Kubota Deal Explained On November 18, Escorts Limited announced that Japan-based Kubota Corporation will join the company as a co-promoter. The foreign entity will invest nearly Rs 9,400 crore in the tractor manufacturing company. With this investment, Escorts is looking to obtain a sizable share of the world’s largest tractor market— India. Dalal Street welcomed this news with […] Written by Anand P M November 23, 2021November 24, 2021
Why Was The PayTM IPO a Flop Show? India’s largest IPO in a decade has turned a flop show! One97 Communications Ltd, the parent company of digital payments app PayTM, lost 27% of its share price on the day of its listing. Domestic retail investors had high hopes on the Rs 18,300 crore IPO. Nevertheless, investors were left surprised when the shares were […] Written by Maarg Vaidya November 22, 2021November 22, 2021
Go Fashion (India) Ltd IPO: All You Need to Know 2021 has been a record year for companies turning public. Go Fashion (India) Ltd, a leading women’s bottom-wear brand based in Chennai, has launched its IPO today— Nov 17. The company holds a nearly 8% market share in the branded women’s bottom-wear market in India. Let us take a closer look into the company and […] Written by Cherian Varghese November 17, 2021November 17, 2021
