iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Top stocks in focus: Uma Exports, Godrej Consumer, Motherson Sumi, Titan, ZEEL

7 Apr 2022 , 07:46 AM

Godrej Consumer Products: In India, the company expects to deliver close to double-digit sales growth in Q4FY22, driven entirely by pricing. Personal Care sustained its double-digit growth trajectory, primarily led by pricing in Personal Wash, while Home Care witnessed a soft performance on a high base, impacted by a relatively muted season for home insecticides and the discretionary nature of air fresheners. In Godrej Africa, USA and Middle East, it continued growth momentum across most of key countries of operations and expects to deliver a constant currency sales growth close to the mid-teens.

Motherson Sumi Systems: The company has completed the acquisition of a 55 percent stake in CIM Tools Private Limited, one of the leading suppliers in aerospace supply chain based in Bengaluru. CIM in turn holds 83% in Aero Treatment (ATPL) and 49.99% in Lauak CIM Aerospace (JV with Lauak International, LCA). The three founders, Srikanth GS, Umesh AS and Vishwanath Deshpande, retain the remaining 45% stake in CIM. Since the initial announcement in October 2021, CIM’s order book has grown 26% to $252 million.

Titan Company: The company in a BSE filing said jewellery business in Q4FY22 declined by 4% yoy, with addition of 16 stores during the quarter, but watches & wearables business registered 12% growth yoy with addition of 34 stores. Its Eyecare segment reported 5% growth yoy with addition of 51 stores during the quarter.

Zee Entertainment Enterprises: Invesco Developing Market Funds will launch a block deal to sell 7.8% stake in the company on April 7, but will continue to hold remaining 11% stake. Invesco reaffirmed belief that Zee Sony deal has a great potential.

IDFC: IDFC and a consortium comprising Bandhan Financial Holdings, GIC and ChrysCapital have entered into a definitive agreement to acquire IDFC Asset Management Company and IDFC AMC Trustee Company, from IDFC, for Rs4,500 crore. The company has declared an interim dividend of Re 1 per equity share.

Asian Granito India: The company in its BSE filing said its Rs441 crore Rights issue will open for eligible shareholders on April 25. The company has fixed April 12 as record date for the purpose of determining the equity shareholders eligible to receive the rights entitlement in the rights issue. The Rights Entitlement Ratio is 37:30. The company will offer 7 crore equity shares through this Rights issue.

Related Tags

  • Godrej Consumer
  • Motherson Sumi
  • stock market
  • stocks to watch
  • Titan
  • top stocks
  • Top stocks in focus
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.