The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
In conversation with Sheetal Agarwal of IIFL, the fund manager explains his view on the markets and the rationale for being bullish on PSUs.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
Analysts of IIFL Securities realises that majority of this was driven by aggressive store additions; ADS growth across the industry was muted.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
Analysts of IIFL Securities top picks in the sector are Titan, Shoppers and Vedant Fashions.