Result Analysis: Nykaa (FSN E-Commerce Ventures Ltd.) (CMP: Rs.149.65) Result Update: Q3FY23 Nykaa (FSN E-Commerce) was founded in 2012 by Indian entrepreneur Falguni Nayar. Since its launch, Nykaa expanded its product categories by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore. Nykaa offers over 4,500 brands and…
NIFTY: The NIFTY opened at 17859.10 without much of a gap. Prices have initially moved up but started drifting downward soon after recording its intraday high at 17880.70. The index has seen a sharp decline, went below 17800, and then saw a relief rally which again found resistance…
View on market: Stay Cautious, be with quality business: Asian markets are set to advance, following a rally on Wall Street as traders position for the U.S. inflation data later in the day that might not be as bad as once feared. The S&P 500 added 1.1% and…
NIFTY: The NIFTY opened at 17847.55 with a gap down of 46 points. The index continued moving lower but found intraday support around 17800 and bounced up. The index recorded its intraday low at 17801 and saw a sharp upside move but soon faced resistance and turned down…
View on market: Stay Cautious, be with quality business: Asian markets were poised to decline across the region on Monday after the worst week for stocks and bonds this year as traders increased interest rate expectations ahead of crucial the U.S. inflation data due Tuesday. The S&P 500…
Hindalco Industries Limited (“Hindalco”) is the metals flagship company of the Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues and a major player in copper. It is also one of Asia’s largest producers of primary aluminium. Its wholly-owned subsidiary…
Godrej Consumer Products Limited is one of the leading Fast Moving Consumer Goods (FMCG) companies in India. The company has five product segments namely Household Insecticides, Soaps, Hair colours, liwuid detergents and air freshners. The company has manufacturing facilities at Malanpur in Madhya Pradesh, Baddi in Himachal Pradesh,…
Shree Cement Limited (“SCL”), started its journey of sustainability reporting back in FY 2004-05 as the first organization in the Indian cement industry. Shree Cement has a consolidated Cement Production Capacity of 47.4 Million tonnes per annum (including overseas) and a Power Generation Capacity of 752 Megawatts. The…
Monthly Stock Picks – February 2023 Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Asian Paints Buy 2815 3150 12% 1 Month Apollo Hospital Buy 4385 4690 7% 1 Month ICICI Bank Buy 860 980 14% 1 Month Indian Hotels Buy 320 370 16% 1 Month…
Result Analysis: Bharti Airtel Ltd. (CMP: Rs.785.35) Result Update: Q3FY23 Airtel is a global communications solutions provider with over 500 Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people.…