Daily Market Analysis – 14th June 2021 (Adani)
The infrastructure push in the country has been gaining momentum steadily. Last week Reliance Infra raised up to Rs.550 crore by preferential allotment of shares to reduce debt and fund future growth. Adani group has incorporated a new wholly-owned subsidiary Adani Cement Industries increasing the competitiveness in the booming cement sector which is expected to do well in the coming years....
Daily Market Analysis – 11th June 2021 (Tata)
Tata Digital is set to acquire majority stake in e-pharmacy 1MG This investment is in line with Tata group’s vision of creating a digital ecosystem that specifically addresses consumer needs across various categories. This is the second major investment of the company in an Indian startup. Recently they announced a $75 million investment in fitness startup Curefit and the current deal is a...
Daily Market Analysis – 10th June 2021 (Adani)
Adani Group plans launch IPO and hive off it’s airport business The Adani Group has begun preliminary talks to separate its airport business from the holding entity Adani Enterprises Ltd. It is expected to raise $500 million through a private placement of shares in Adani Airports Holdings. Adani controls Mumbai airport, India’s second busiest, as well as six regional facilities –...
Daily Market Analysis – 9th June 2021 (ICICI)
Axis MF added most folios in FY21; followed by ICICI, whereas HDFC loses client base The Axis Mutual Fund beat the top three mutual funds in the industry to record its largest addition to new folios in FY-21. It added 20,42,150 new folios in FY-21 whereas ICICI added 20,42,016 new folios. In this, ICICI remained the winner in the top three which include HDFC Mutual fund & SBI Mutual...
Daily Market Analysis – 8th June 2021 (Mutual Funds)
Franklin Templeton AMC slapped with a fine of 5 crore; Banned from launching new debt mutual funds The SEBI has banned Franklin Templeton AMC from launching debt schemes for the next two years. Rs 5 crore penalty has been levied for “several irregularities” in the running of its six debt schemes that were wound up in April 2020. The irregularities extend to failures to exercise adequate...
Daily Market Analysis – 4th June 2021 (Flipkart)
3 Years after exit, SoftBank looking to reinvest in Flipkart SoftBank Vision Fund has held discussions with Flipkart to invest around $600-700 million, three years after the Japanese group exited the Indian online retailer by selling shares to Walmart Inc. This would mean that Flipkart will stay on as a private company for longer than what was being earlier talked about going Public early...
Daily Market Analysis – 3rd June 2021 (Tesla)
Tesla preparing its India arrival The EV makes is closely following changes in GST that may reduce the cost of owning an electric car. Tesla is recruiting its India leadership and senior-level roles as it gears up to break into one of the world’s emerging car markets. Tesla has picked up Karnataka to set up its first plant. Under PLI manufacturing incentive will keep on rising. Major...
Daily Market Analysis – 2nd June 2021 (Share)
Reliance Industries Ltd share prices may jump 45%, which are already up 10% in 3 days The rally in RIL share may continue if current Petrochemical spreads sustain, this will result in Re-Rating of Oil to Chemical stake sale by RIL, which may drive the stock price up by 45% from current levels. The polymer spreads are at decade highs, helped by strong downstream demand from industries...
Daily Market Analysis – 1st June 2021 (GDP)
India’s GDP grows 1.6% in fourth quarter, contracts 7.3% in FY 20-21 Amid the coronavirus pandemic, India’s gross domestic product (GDP) grew at 1.6% in the January-March quarter of fiscal year 2020-21, but witnessed a contraction of 7.3 per cent for the entire fiscal year. This is the first full-year contraction in the Indian economy in the last four decades since 1979-80,...
