Daily Archives: April 22, 2024

Caplin Point Laboratories has shown remarkable progress and continues to be on a growth path. Earlier, in July 2022, we recommended that investors accumulate the stock, and the stock, after returning 90 per cent, is still poised for further growth. At 18 times one-year forward earnings, it is at a premium to its historical valuation range of 16 times. But considering earnings growth visibility and modest valuations compared to bigger players (averaging 23 times one-year forward earnings), we reiterate the accumulate call on Caplin Point.

Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this week.

Investment bankers from top domestic firms could take home 100-150 per cent of annual salary as bonuses, on average — much higher than last year when payouts ranged from 30 per cent to 40 per cent.

After six months of strong buying and consistent monthly inflows, Foreign Portfolio Investors (FPIs) shifted their strategy in April, becoming net sellers in the debt market. to the tune of ₹6,124 crore as of April 19.

Today is the last date to subscribe into Vodafone Idea’s further public offer. The mega ₹18,000-crore FPO has so far been subscribed by 0.49 times. The FPO price band has been set at ₹10-11.

HDFC Bank has posted a net profit of ₹16,512 crore for Q4, higher by 37.1per cent on year but up less than 1 per cent sequentially. The results for Q4 and FY24 include the impact of the merger of erstwhile HDFC with the bank effective July 2023. Net revenue grew 47.3 per cent on year to ₹47,240 crore and included gains of ₹7,340 crore from the stake sale in subsidiary HDFC Credila Financial. As a result, the bank saw net trading and mark-to-market gains of ₹7,590 crore in Q4 against a loss of ₹40 crore in the year-ago period. Total other income for the quarter was up 108 per cent on year at ₹18,170 crore.

Vodafone Idea’s follow on public offer has been fully subscribed on the last daye of the issue. Clinching a subscription rate of 107 per cent on the 1260 crore shares on offer, India’s third largest telecom operator has successfully raised ₹18,000 crore it targeted from the public issue.

The sachet — till now identical with shampoos, pickles, kumkum and a host of other consumable products — will soon see a new product packed into it. Yes, small-amount mutual funds will hit the market soon, if the wishes of SEBI chief Madhabi Puri Buch fructify. The Securities and Exchange Board of India is considering bringing down the minimum investment for systematic investment plans (SIPs) to as low as ₹250, according to the SEBI Chief. SEBI is working with the mutual fund industry to see what the regulator can do to bring the viable SIP level down to ₹250 a month, “because then it is the equivalent of what Hindustan Lever did with shampoo sachets. You just explode the market,” Buch had said. Financial inclusion“This will allow greater participation in MFs from the bottom of the pyramid, and is in keeping with the market regulator’s objective of greater financial inclusion,” she has been emphasising in the last few months. Currently, SIPs as low as ₹100 are offered by a few fund houses but ₹500 is the minimum SIP size offered…

Target: ₹1.277

Target: ₹1,870