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India Pesticides Limited, IPO Review
Categories
N V Chandrachoodamani

IPO Review: India Pesticides Limited

India Pesticides is launching an IPO totalling to Rs 800 crore โ€“ with fresh issue of shares worth Rs 100 crore and an offer for sale worth Rs 700 crore by the promoter group. At the upper end of the price band of Rs 290-296 the post-issue market cap of the stock on listing would be Rs3,400 crore and the post-issue price earnings ratio would be 25 times. The offer closes on June 25. The proceeds from fresh issues are planned to be utilised towards working capital requirement and other corporate purposes.

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Sona BLW Precision Forgings, IPO , Sona Comstar IPO Review
Categories
N V Chandrachoodamani

IPO Review: Sona BLW Precision Forgings

Automotive components manufacturer Sona BLW Precision Forgings (Sona Comstar) has come out with an IPO totalling to Rs 5,550 crore โ€“ with fresh issue of

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music stocks
Short Takes
N V Chandrachoodamani

OLD is GOLD for Music Stocks!

If youโ€™ve been whiling away the hours listening to legends such as Lata Mangeshkar or Kishore Kumar, youโ€™re not alone. And as you returned to

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wealth generating company
Stocks
N V Chandrachoodamani

Stock Recommendation : Own many great businesses through this one stock

In bull markets, expensive valuations often make it necessary for investors to look for offbeat opportunities to acquire a wealth generating company. The investment arms of leading promoter groups in India offer such opportunities to buy sound companies, at a discount to prevailing valuations.

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it companies move into a new orbit
Markets
N V Chandrachoodamani

Results Update: Tech majors moving to a new orbit

Although some of the top Tier I IT companies such as Infosys or HCL Technologies missed market estimates for the quarter ending March 2021, they finished FY-21 on a strong note across various fronts. Steady deal wins, stable growth, sustained margins, expanding cash assets and buybacks characterized the fiscal ending March 2021 for IT companies. This, in a year ravaged by the Covid-19 pandemic. It is small wonder therefore that their price earnings valuations have moved up in trajectory, well-above their 10-year averages. Letโ€™s take a quick recap of the performance for the latest fiscal and quarter – that led to PE moving to newer orbit. Weโ€™ve taken the 4 tech majors TCS, Infosys, Wipro and HCL Technologies for this purpose.

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