Profitsheets

BlueStone IPO: Ratan Tata-backed BlueStone Jewellery is planning to raise over Rs 1,500 crore through an initial public offering (IPO) and BlueStone Jewellery has appointed ICICI Securities, IIFL Securities, Jefferies and JM Financial as investment bankers for the IPO. The BlueStone Jewellery is likely to dilute 10-12% stake through the proposed IPO, which will consist of a fresh issue of shares and an offer for sale (OFS), the people cited earlier said. The proposed share sale is likely to be launched in the second quarter of the new financial year, they said. “The company is seeking a valuation level that is not yet fixed and corroborated. It will likely file the DRHP (red herring prospectus) in a few months,”BlueStone’s existing private equity investors, led by Kalaari Capital, are expected to sell their holdings entirely or partly through the OFS. Email queries sent to BlueStone and posted on Kalaari Capital’s website did not elicit any response. The investment banks could not be c...

Here you can find the List of Penny Stocks in India which the price of the share is less than 99 Rs with the sales between 10 Crore to 500 Crore, Return on Equity more than 20%. Penny stocks are the companies [shares] that trade at very low prices compared to other share, have low market capitalization, and are mostly illiquid in Nature. List of Penny Stocks in India So here is the List of Penny Stocks in India. S.No. Name Share Price Debt / Equity Sales Rs. Cr. Mar Cap Rs. Cr. P/E Ratio Div Yld % ROE % 1 Surbhi Industrie 1.43 0.4 18.48 0.49 6.12   21.81 2 Shrenik 1.85 2.28 419.84 113.22 103.87 1.8 16.79 3 S.A.L Steel 3.45 13.53 288.09 29.31     238.47 4 Suich Industries 4.55 1 175.13 6.94 1.13   17.41 5 Aditya Spinners 5.9 0.9 31.05 9.88 4.33   25.85 6 HLV 5.95 0.06 47.44 375.18     47.08 7 Thakral Services 6.67 1.9 17.87 7.83     20.27 8 Anuroop Packagin 7.95 0.32 21 6.09 2.49   22.56 9 Paramount Comm. 8.3 1.07 488.47 161.17 ...

Biocon Biologics, which has said it will acquire the biosimilars business of Viatris Inc for $3.335 billion, will file for an initial public offering (IPO) in 18-24 months, executive chairperson Kiran Mazumdar-Shaw told CNBC-TV18 on February 28. Biocon is well positioned to tap the biosimilar opportunity globally. With this deal Biocon Biologics is scripting a new chapter, she added. "Aflibercept injection is a part of this deal and we have the option to buy it by FY25," Shaw said. "Built the biosimilar business in the last few years, and the intent is to make it more affordable. Biosimilar offers a global opportunity. 58 percent of biosimilars approved in the European Union were between 2017 and 2019. The trend of uptick in biosimilars is expected to continue for the next 10 years," she added. Shaw estimates that in the next 10 years the biosimilar business will be $75 billion globally. "The acquisition of Viatris’ biosimilar business will make Biocon Biologic...

Madhabi Puri Buch has been appointed as SEBI chairperson for an initial period of three years. Current chairman Ajay Tyagi's tenure as SEBI chairman ends today. He served as chairman for five years. Puri Buch, who has been granted an initial term of three years, will assume charge on March 1 Buch is a former whole-time member of SEBI. Madhabi Puri Buch will be the first woman to head the securities market regulator, which has evolved to become one of the most important institutions in the financial market ecosystem. She is also the first person from the private sector to head SEBI. Her responsibilities at the regulator included handling a range of departments from market and market intermediaries regulation to integrated surveillance and economic and policy analysis. Before joining SEBI, Madhabi Puri Buch served as consultant to the New Development Bank in Shanghai and also headed the Singapore office of the private equity firm, Greater Pacific Capital. Madhabi Puri Buch will succe...

Reliance Industries has stepped in to rescue Future Retail Limited (FRL), taking over the operations of its stores and offering jobs to its employees, even as the Kishore Biyani-led group is locked in a bitter legal wrangle with e-commerce major Amazon at several judicial forums over the sale of its business to the retail arm of the oil-to-telecom conglomerate. Reliance Retail has started taking over operations of Future Retail stores such as Big Bazaar and replaced them with its brand stores, according to sources. Future - which has more than 1,700 outlets, including popular Big Bazaar stores - has been unable to make lease payments for some of its outlets. As a result, Reliance transferred the leases of some stores to its name and sublet them to Future to operate the stores, the sources said. Future Group has been finding it difficult to finance its working capital needs. In a stock exchange filing on February 26, Future Retail said it plans to scale down its offline operations to re...

Shares of fast-moving consumer goods (FMCG) companies were under pressure in trades on Monday, with sector giant Hindustan Unilever (HUL), down 2 per cent at Rs 2,120 and Britannia Industries, down 3 per cent at Rs 3,330. Both the stocks hit their respective 52-week lows on input cost pressure. In comparison, the S&P BSE Sensex was down 0.71 per cent at 55,462 at 10:50 am. In the past six months, the stock of HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the benchmark index. Dabur India, Nestle India, Jyothy Laboratories and Godrej Consumer Products were down 13 per cent to 29 per cent during the period. Consumer goods companies have braved exceptional inflation in most of their raw materials, with some hitting even 20–40-year highs. And this has a substantial influence on the margins of consumer goods companies. This, we believe, would lead to the following in the short term, downtrading by c...

LIC IPO News: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved a proposal to allow foreign direct investment (FDI) up to 20 per cent in Life Insurance Corporation through the automatic route. The decision is expected to open doors for foreign investors who are keen to participate in the upcoming LIC IPO (initial public offering) scheduled for next month, considered to be India’s largest public offering. “Other minor enhancements in the existing FDI Policy have also been carried out in order to provide an updated, consistent and easily comprehensible FDI framework. The FDI policy reform will further enhance Ease of Doing Business in the country, leading to larger FDI inflows and thereby contributing to growth of investment, income and employment,” a government official said under condition of anonymity. The existing FDI policy did not prescribe any specific provision for foreign investment in LIC IPO, which is a statutory corp...

Rain Industries share price was down more than 12 percent in the morning session on February 28 after the company posted a consolidated net loss of Rs 97 crore in the December quarter against a profit of Rs 307 crore in the year-ago period. The company's net sales, however, jumped 52 percent to Rs 4,026 crore in the quarter from Rs 2,640 crore in the same period of the previous year, while adjusted EBITDA was up almost 13 percent to Rs 541 crore. EBITDA margin slipped to 13.4 percent from 18.2 percent in the year-ago quarter. The company follows January-December financial year. Profit before tax sharply declined by 49.8% to Rs 223.46 crore in Q4 December 2021 over Q4 December 2020. The company reported finance costs of Rs 119 crore, a drop from Rs 124 crore during the fourth quarter of 2020. The decrease in finance costs was due to the depreciation of the euro against the Indian rupee by 2.6 percent coupled with lower utilisation of working capital borrowings compared to last-year ...

Bharti Airtel share price shed 3 percent in early trade on February 28 after shareholders approved the issue of preferential shares to Google for its Rs 7,500 crore investment and the telecom company entered into an agreement with Vodafone Plc to buy equity interest in Indus Towers. Bharti Airtel will buy 4.7 percent stake in Indus Towers from Vodafone Plc, the former said in an exchange filing on Friday. The transaction will be done on the condition that the amount paid shall be inducted as fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear Vodafone Idea’s outstanding dues. On Thursday, Vodafone Plc sold 2.4 percent stake in Indus Towers to Bharti Airtel as part of the 4.7 percent deal. Prior to the transaction, Vodafone Plc held 28 percent stake in the tower company while Bharti Airtel had 42 percent stake. "We believe this transaction allows Airtel to secure continued strong provision of services from Indus Towers, protects and enhances Airtel’s ...

Stocks In the News: Check out the companies such as Bharti Airtel, Reliance Industries, Hindalco and others making headlines before the stock marker open. Here are a dozen stocks which may buzz the most in today's trade: Bharti Airtel: The telecom operator Bharti Airtel said it has signed an agreement to buy Vodafone's 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company. Reliance Industries: The company has effectively taken over the operations of Future Retail stores and has offered jobs to its employees. Reliance Retail has started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar and replaced them with its brand stores, said sources close to the development. Hindalco Industries: Hindalco in pact with Brazilian firm. The aluminium major has entered into a share-purchase agreement with Brazilian firm Terrab...

A stock market crash occurs when there is a significant decline in stock prices. While there's no specific numeric definition of a stock market crash, the term usually applies to occasions in which the major stock market indexes lose more than 10% of their value in a relatively short time period. Market crashes typically happen without warning, often on the heels of a long bull market run during which stock prices steadily rise. The hallmark of a stock market crash is panic-selling by investors who attempt to quickly liquidate their positions to either curb their losses or satisfy a margin call. While a crash of the stock market can occur quickly, many of the market's biggest crashes have had effects that were long-lasting and deep. Here's a brief look at some of the market's most notable crashes. Biggest crashes in the history of the stock market: 1929 stock market crash: The worst stock market crash in history started in 1929 and was one of the catalysts of the Great ...

Mergers and Acquisitions in India: Over time, the Indian subcontinent has seen a growth in mergers and acquisitions (M&A). These restructuring moves are critical to the long-term prosperity of any firm as well as the economy. Mergers and acquisitions (M&A) have long been a popular way to enter new markets and expand existing ones. The regulatory and prohibitive measures of the MRTP (Monopolistic and Restrictive Trade Practices) Act, 1969, are a major influence on the entities involved in the merger. According to this Act, a company or firm must go through a time-consuming and stressful process to obtain clearance for mergers and acquisitions. A company taking over another company happens more often than you might expect. Acquisitions are the term for these types of takeovers. Mergers happen when two or more companies combine to form a single entity. These mergers are known in India as ‘Amalgamation. Mergers & Acquisitions help a firm achieve its growth goals. Mergers & ...

Retail companies : As per industry reports, India’s retail market size is pegged at ~USD822bn, of which the organized segment (excluding e-commerce) accounts for about 11% of the overall retail market as of FY19. This share is expected to increase to ~16% over the next 5-6 years, with the organized retail market growing at a CAGR of ~20%. Interestingly, over the last five years, the organized retail market grew at ~19%, increasing its penetration from 7% to around 11%. List of Top Retail Companies in India So here is the list of Top Retail Companies in India by Revenue. Infiniti Retail Ltd Croma is run by Infiniti Retail Ltd., a 100% subsidiary of TATA Sons and now has a customer base of more than 6 million customers. Croma – India’s leading large format electronics retailer is also the first omni-channel electronics retailer uniting the 3 customer touch-points: a Croma store, the online electronics shop and a fully functional mobile app. Croma has a network of 97 Croma stores spread ...