View on market: Stay Cautious, be with quality business: Asian markets were poised to decline across the region on Monday after the worst week for stocks and bonds this year as traders increased interest rate expectations ahead of crucial the U.S. inflation data due Tuesday. The S&P 500…
Hindalco Industries Limited (“Hindalco”) is the metals flagship company of the Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues and a major player in copper. It is also one of Asia’s largest producers of primary aluminium. Its wholly-owned subsidiary…
Godrej Consumer Products Limited is one of the leading Fast Moving Consumer Goods (FMCG) companies in India. The company has five product segments namely Household Insecticides, Soaps, Hair colours, liwuid detergents and air freshners. The company has manufacturing facilities at Malanpur in Madhya Pradesh, Baddi in Himachal Pradesh,…
Shree Cement Limited (“SCL”), started its journey of sustainability reporting back in FY 2004-05 as the first organization in the Indian cement industry. Shree Cement has a consolidated Cement Production Capacity of 47.4 Million tonnes per annum (including overseas) and a Power Generation Capacity of 752 Megawatts. The…
Monthly Stock Picks – February 2023 Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Asian Paints Buy 2815 3150 12% 1 Month Apollo Hospital Buy 4385 4690 7% 1 Month ICICI Bank Buy 860 980 14% 1 Month Indian Hotels Buy 320 370 16% 1 Month…
Result Analysis: Bharti Airtel Ltd. (CMP: Rs.785.35) Result Update: Q3FY23 Airtel is a global communications solutions provider with over 500 Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people.…
RBI on Wednesday 8th February started by reminding the historical significance of 2023 for the Reserve Bank of India. 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national institution. Coming to present times, the unprecedented events of the last…
Mirae Asset Global Investments was founded in Asia and now has a presence in 13 countries, where the company takes a collaborative approach in managing a fully diversified investment platform. The company is a diversified asset manager providing innovative solutions worldwide to help clients achieve their goals in…
Axis Mutual Fund is a mutual fund company of Axis Bank that launched its first scheme in October 2009 since then Axis Mutual fund has grown strongly. The company attributes its success thus far to its 3 founding principles - Long term wealth creation, outside in (Customer) view…
NIFTY: The NIFTY opened at 17790.10 with a gap up of just 26 points. The index initially tried to move up but failed to do so and started drifting downwards after recording its intraday high at 17811.15. Prices have seen a decline, a minor rally, and a sharp…