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Vesuvius India Limited (VIL) announced on Friday that it has laid the foundation stone of a new manufacturing facility at Perwada, Visakhapatnam. This facility will be the lates...
Elgi Equipments Limited informed that the rating agency CRISIL Limited has reaffirmed the rating assigned to the bank facilities of the company. The total Bank loan facilities consid...
According to persons familiar with the matter, tobacco-to-food consumer giant ITC Limited is competing with Nestle India to acquire a stake in Yoga Bar, an 8-year-old health...
Ambar Protein Industries' stock kept moving higher as of Friday when it was locked at Rs730 on the BSE as it hit the upper circuit of 5%. The stock has hit the 5% upper circuit market for 58th ...
Welspun Corp Limited's winning bid of Rs 659 crore has sparked expectations of the liquidation process under the Insolvency and Bankruptcy Code even as the interested parties seek clarification...
The Administrative Committee of Somany Ceramics Limited in its meeting held on September 21, 2022 has decided to sell its equity stake in Amora Ceramics Private Limited ("ACPL"), the ...
Adani Ports and Special Economic Zone Limited is an India-based integrated ports and logistics company. The Company is primarily engaged in developing, operating and maintaining the ports services, ports-related infrastructure development activities and development...
In their latest note, analysts at IIFL Securities deep dive on the performance of key large banks since the peak of the NPA cycle (FY18), and summarize their expectations going forward. They expect further re-rating for banks in general. They have maintained HDFC Bank, ICICI Bank and State Bank of India as their top ideas.
Analysis of passive funds, both FIIs and domestic MFs, shows that total passive AUM is up 17%, and within that, domestic passive MF AUM is up by 29% to US$53 billion. Leading up to Nifty inclusion, stocks significantly outperform, but this substantially reverses within 3 months of the event. Similarly, exclusion leads to underperformance. IIFL Securities has added Maruti to its list of large cap top picks.
The benchmark SG GRMs continue to remain volatile. Government has a challenge to balance contrasting factors - health of OMCs, attractive compensation for upstream without adversely affecting its own fiscal, and end-consumer prices. Cheap PSU valuations reflect such issues adequately, believe analysts at IIFL Securities.
In their latest report, analysts at IIFL Securities make an attempt to understand the implications of the looming energy crisis in Europe on Indian chemical industry.
IIFL is one of the leading player in the broking industry with more than a million accounts being opened since inception. The company provides execution, advisory, and research service across products like equity, F&O, Commodity & Currency, Mutual Funds. IIFL is also one of the top distributors of AIF, PMS and Mutual Funds.
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Founder & CEO,