Daily Market Analysis – 07th Jan 2021
Bad Banks plan back on the table to tackle NPA’s as covid assistance businesses come to an end, The government is considering the idea of bad banks. A bad bank is an entity that purchases non-performing asset (NPA) from banks at market price, clearing the balance sheet, and improving fundraising capabilities. The government is examining the entity-based model – in which acquiring NPA of the...
Daily Market Analysis – 06th Jan 2021
Union Budget 2021-22 to be presented on February 1 The Union Budget for 2021-2022 will be presented on February 1. According to PTI, the Cabinet Committee on Parliamentary Affairs (CCPA) has said the Budget will be presented on February 1 and President Ram Nath Kovind will address a joint sitting of both the Houses of Parliament on January 29. Telecommunication Sector: Telecom dept...
Daily Market Analysis – 15th Dec 2020
Mrs. Bectors Food IPO opens today The Rs 540-crore initial public offer (IPO) of Mrs. Bectors Food Specialities will open for two days on Tuesday (December 15). Net proceeds of the issue would be utilized for financing the project cost towards the expansion of its Rajpura manufacturing facility by establishing a new production line for biscuits and for general corporate purposes. Are...
Daily Market Analysis – 9th Dec 2020
Equity markets scaled lifetime highs in November lead by optimism over the COVID-19 vaccine and surging inflows to emerging markets. The mutual funds industry too reached a new milestone with AUM touching Rs. 30 trillion as of November. While this is impressive, equity inflows were disappointing. Investors pulled around Rs 13,004 cr from equity funds in November which is three times higher...
Daily Market Analysis – 8th Dec 2020
Jet Airways is all set to restart the services from summer 2021 If everything goes as per plan and the consortium receives the NCLT and regulatory approvals on time.The new promoters, Murari Lal Jalan and Kalrock Capital intend to start domestic and international operations with all the slots that were available to the airline before it stopped operations.The new promoters contemplated...
Daily Market Analysis – 3rd Dec 2020
Ceat Tyres – Ceat tied up with Nissan to supply Securarange of tyres for Nissan magnite Model. Ceat is providing the best in class in these segments and the design is made in such a bay that they make less noise on-road and give a comfortable ride experience. These tie-ups help ceat to acquire more business in tyre segments.Hero MotoCop – due to lockdown and low availability of...
Daily Market Analysis – 2nd Dec 2020
Indian passenger vehicle sales rose for the 4th consecutive month as the demand, need for personal mobility solutions and sustainable income in rural areas continued to boost sales in November. Kia Motors spokesperson said that the customers from tier II, III, and IV markets too are acknowledging the need for personal mobility to maintain personal safety. Volumes at Kia rose to 50% to 21,022...
Daily Market Analysis – 1st Dec 2020
Sector Overview: Real Estate: Real Estate Prices have fallen continually in the Pandemic. 10%-15% discounts are being offered by Developers in the Mumbai Metropolitan Region (MMR) on the new launches. Inventory is the major reason which is stated to bring down these prices so drastically. Inventory levels are at historically high levels.A new challenge seems to be cropping up for the...
Daily Market Analysis – 30th Nov 2020
IRDA gave approval for the merger of Bharti Axa General with ICICI Lombard. The deal would help ICICI Lombard become the third-largest non-life insurer. The merged business will have a market share of around 8.7 percent on a Pro-forma basis. Bharti Enterprises currently owns a 51 percent stake in Bharti AXA General Insurance, while French insurer AXA has 49 percent. Post demerger, Bharti AXA...
