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In 2024, approximately 205 SME IPOs have raised around ₹7,000 crore, compared to ₹4,687 crore during the same period last year. Ashishkumar Chauhan, MD & CEO of the National Stock Exchange, emphasized the need for investors to make informed decisions rather than relying on tips, noting that many recent SME listings have underperformed, with some declining by 5-10%.
Bajaj Finance's recent performance showed muted earnings growth due to increased credit costs, which rose to 2.1% from 1.9% quarter-on-quarter. However, management believes credit costs have peaked, with expectations for earnings growth to align with asset growth by FY26. Sharekhan maintains a Buy rating with a revised target price of Rs 9,500, citing an attractive risk-reward scenario as headwinds are expected to recede.
As Diwali approaches, many look forward to gifts and bonuses, but it's essential to be aware that these could be taxable. This guide outlines the tax rules related to Diwali perks, offering expert tips on exemptions and strategies to minimize tax liabilities, ensuring a smarter celebration this festive season.
Persistent Systems reported $345.5 million in revenues, a 5.1% quarter-on-quarter increase, surpassing estimates. EBIT margins remained flat at 14%, and total TCVs rose 14% quarter-on-quarter to $529 million. The company aims for $2 billion in revenue by FY27, maintaining a buy rating with a target price of Rs 6,200.
ICICI Securities has maintained a BUY rating on Zomato, setting a target price of INR 300. In Q2FY25, Zomato achieved over 20% YoY growth in food delivery, while the gross take rate slightly declined due to an increase in 'zero delivery fee' orders. The company is expanding its restaurant base and has approved a fund raise of up to USD 1 billion to strengthen its balance sheet.
The Sensex and Nifty closed lower amid concerns over Foreign Institutional Investors pulling out funds and a slowdown in Q2 earnings. Geopolitical tensions in the Middle East and uncertainties surrounding the US presidential election have further fueled market anxiety. Analysts suggest that while the correction was overdue, a phase of stabilization may be on the horizon.
Investing in top Indian business groups can provide steady, lower-risk growth or income, as these established companies have a proven track record. Currently, direct stock purchases are the primary method, but Tata Mutual Fund is seeking approval to launch a BSE Select Business Groups Index Fund, which will track the performance of the top 30 companies from seven major business groups in India. The fund will select stocks based on free-float market capitalization from the BSE 500 index.
The strategic sale of IDBI Bank is set to proceed smoothly following the Reserve Bank of India's 'a priori' approval, eliminating potential regulatory hurdles. Due diligence for prospective bidders will commence in November, allowing access to the bank's legal documents and additional information. The finance ministry is focused on maintaining momentum for the sale, ensuring a streamlined process.
Uber's 2024 India Economic Impact Report reveals that its Moto and Uber Auto services are projected to support Rs 36,000 crore in economic activity. The report highlights the role of these services in connecting commuters to jobs and stimulating local economies through driver spending and rider patronage of local businesses. In 2023, Uber also celebrated reaching a milestone of 1 million drivers in India.
Varun Beverages (VBL) is operating at maximum capacity at its new DRC facility due to strong demand, with plans to double production by August 2025. Despite a 5.7% YoY increase in domestic volumes affected by unfavorable weather, VBL is streamlining its Africa operations and anticipates significant sales from its snack business. The company aims to utilize a proposed fund raise for debt reduction, expansion, and acquisitions, maintaining a HOLD rating with a target price of INR 606.
IND
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
investors urged to research before engaging in risky sme ipos
11:34 23.10.2024
Bajaj Finance receives buy rating with target price of Rs 9500
11:32 23.10.2024
Understanding the Tax Implications of Diwali Gifts and Bonuses
11:32 23.10.2024
persistent systems reports strong revenue growth maintains buy rating with target price
11:23 23.10.2024
Zomato reports strong growth and targets INR 300 amid strategic expansion
11:22 23.10.2024
markets decline amid foreign selling and earnings slowdown concerns
11:22 23.10.2024
new mutual fund aims to invest in top indian business groups
11:20 23.10.2024
IDBI Bank strategic sale advances with RBI approval and due diligence planned
11:19 23.10.2024
Uber to drive 36000 crore economic impact in India by 2024
11:15 23.10.2024
varun beverages maintains hold rating with target price of 606 rupees
11:14 23.10.2024
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