Porinju Veliyath on 4 investment themes for smallcaps and midcaps in 2023
“More than sectors, India is about the cherry picking of stocks. Selective stock picking is going to be rewarding even in 2023. Anybody can go wrong in predicting the index but the trajectory of wealth creation or returns is going to be definitely very positive in 2023 and the coming years.”
Homesfy Realty IPO opens: Here's all you need to know about the SME proptech firm
The realty firm or the proptech company, which will be listed on NSE's SME platform, is looking to raise Rs 15.86 crore, which is entirely a fresh issue of 8,05,200 equity shares with a face value of Rs 10 each.The funds raised by the company will be utilized towards the working capital requirements of the company and general corporate purposes.
Big Movers on D-St: What should investors do with Raymond, MTAR Technologies & Tejas Networks?
The longer the horizontal base, the better. A long base will establish a more significant support level, and the ownership of the stock will transfer from weak hands to strong hands.
Raymond, Likhitha Infra among 11 smallcaps that zoomed 31% last week
Consolidation is the driving feature of Indias property, said Nuvama Institutional Equities. "We believe buoyancy in sales would sustain driven by pick-up in launches, aided by cash flow improvement, diversification and market share gains."
Sudip Bandyopadhyay on Raymonds, Vedanta and cement stocks
“We have been recommending investors not to buy the new age tech companies and we will continue to recommend that. Now the question is when will they recover. Recovery ideally should only come where there is a path to profitability and when a genuine quarter-on-quarter recovery is happening. But that is not the case with either Paytm or some of the other names at this stage.”
These 9 consumer discretionary stocks hit their new 52-week high
The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor to analyse a stock's current value and to predict its future price movement.
Raymond hits 52-week high, stock rises over 5% on two-fold jump in net profit
“Raymond continues to deliver high operating performance along with profitable growth for the 4th consecutive quarter leveraging optimism in the market and improved consumer demand. The focused approach has driven growth over pre-Covid levels and cost consciousness has led to deliver yet another record profitable quarter,” the company said in a release.
Raymond Q2 Results: Profit jumps over two-fold to Rs 162 crore
Raymond continues to deliver high operating performance along with profitable growth for the 4th consecutive quarter, leveraging optimism in the market and improved consumer demand.Focused approach has driven growth over pre-Covid levels and cost consciousness has led to deliver yet another record profitable quarter,said an earning statement by the company.
Big Movers on D-St: What should investors do with HCL Tech, Campus Activewear & Raymond?
Fear gauge India VIX shed about 2 per cent, whereas realty, FMCG and PSU indices gained 2 per cent, followed by one per cent rise in auto, power, utilities, IT and energy sectors each.
Big Movers on D-St: What should investors do with HCL Tech, Campus Activewear & Raymond?
Fear gauge India VIX shed about 2 per cent, whereas realty, FMCG and PSU indices gained 2 per cent, followed by one per cent rise in auto, power, utilities, IT and energy sectors each.
Big Movers on D-St: What should investors do with HCL Tech, Campus Activewear & Raymond?
Fear gauge India VIX shed about 2 per cent, whereas realty, FMCG and PSU indices gained 2 per cent, followed by one per cent rise in auto, power, utilities, IT and energy sectors each.
Big Movers on D-St: What should investors do with HCL Tech, Campus Activewear & Raymond?
Fear gauge India VIX shed about 2 per cent, whereas realty, FMCG and PSU indices gained 2 per cent, followed by one per cent rise in auto, power, utilities, IT and energy sectors each.
5 textile and consumption plays to bet on now: Daljeet Singh Kohli
"We have chosen the pure play part which is more on Manyavar and Vedant Fashions. In other consumption plays, we have Varun Beverages, Tata Consumer and Jubilant Food. There is a lot of consumption plays already in the portfolio in various strategies. Raymond we like but because it is a combination of real estate and apparel, we are not clear what we are banking on, although we are very gung-ho about real estate. "
5 textile and consumption plays to bet on now: Daljeet Singh Kohli
"We have chosen the pure play part which is more on Manyavar and Vedant Fashions. In other consumption plays, we have Varun Beverages, Tata Consumer and Jubilant Food. There is a lot of consumption plays already in the portfolio in various strategies. Raymond we like but because it is a combination of real estate and apparel, we are not clear what we are banking on, although we are very gung-ho about real estate. "
CFO explains why Raymond is extremely bullish on textile, realty & other business segments
“Based on percentage of completion you book the revenues and in FY24, realty and engineering put together should be doing anything between 20% and 25% of the total revenues. In terms of EBITDA, we should consider 35% of the EBITDA coming from these businesses but our mainstay is the lifestyle business and we see very good trends coming in.”
CFO explains why Raymond is extremely bullish on textile, realty & other business segments
“Based on percentage of completion you book the revenues and in FY24, realty and engineering put together should be doing anything between 20% and 25% of the total revenues. In terms of EBITDA, we should consider 35% of the EBITDA coming from these businesses but our mainstay is the lifestyle business and we see very good trends coming in.”
Will Nifty50 hit 18,000 this week? 9 short-term trading ideas that could give 5-10% return
After consolidating in a range for more than 3 months, Raymond has finally managed to confirm a breakout above the Rs 1,015 mark. The price action was supported by enough volumes, and we all witnessed a major breakout in daily RSI (14). Thus, we advise traders to buy the stock near Rs 1,020 for the target of Rs 1,100 in the coming sessions.
Nifty could struggle in 17,800 – 18,000 zone this week; 3 top trading ideas: Mehul Kothari
"At the 18,000 zone, we are witnessing a trend line resistance and we have a huge built up in 18000 CE option (weekly series). Thus, with regards to the index, we advise traders for fresh long only above 18000 mark and that too on a closing basis. In such a scenario, we could see an extended move towards the 18150 – 18250 mark."
#RAYMOND A textbook example on continuous uptrend over 200 EMA. Made a remarkable high in June '22 . Retraced closed to 200 EMA and consolidated over 3 months. The relative strength is positive in long term. Goes to indicate that it has beaten the index #NIFTY50 QoQ.
Former Hong Kong top national security cop denies buying sex
A police raid in March 2021 found Frederic Choi, 51, to be among the patrons of Viet Spa, an unlicensed massage parlour in the Wan Chai neighbourhood -- just a short walk away from the police headquarters -- that authorities accused of offering sexual services.
Raymond's family confirmed his death and said he was loved a lot and will be missed. They stated that they know how millions loved Raymond's books and how they touched people's hearts worldwide on Wednesday.
"Q1FY23 has been yet another strong quarter with highest Q1 revenue and profitability in last 10 years," said an earning statement from Raymond. During the quarter, it capitalised on market buoyancy and strong wedding demand, supported by expansive distribution helped propel sales.
Lifestyle & grocery retail companies on a hiring spree
According to HR firm TeamLease's latest hiring outlook study, retail is one of the top six sectors on hiring intent in the current quarter. "Significant investments are happening in the retail sector. Companies are looking to use this fresh capital to shore up hiring across multiple verticals, with some startups looking to add more physical stores too," said TeamLease executive director Rituparna Chakraborty.
Pope Francis lands in Canada, set for apologies to Indigenous groups
Francis exited the back of his plane with the help of an ambulift, given his strained knee ligaments have forced him to use a wheelchair. The simple welcome ceremony took place in airport hangar, where Indigenous drums and chanting broke the silence. As Trudeau and Simon sat beside Francis, a succession of Indigenous leaders and elders greeted the pope and exchanged gifts. At one point, Francis kissed the hand of residential school survivor Elder Alma Desjarlais of the Frog Lake First Nations as she was introduced to him.
Step into a creation like no other – The Address by GS.
The Address by GS is a magnificent gated town with premium 3,4,5& 6-bed apartments and host of amenities at ground, podium, clubhouse & rooftop levels that will upgrade the living standards benchmark.
Raymond appoints Atul Singh as Executive Vice Chairman
Atul Singh comes with diversified experience of over 35 years leading multi-billion dollar businesses across several geographies globally. His biggest stint was with Coca-Cola for about two decades at several senior leadership positions, including as Coke India President and as Asia Pacific division Chairman.
Raymond ropes in Coca-Cola exec Atul Singh as executive vice chairman
Singh comes with more than 35 years of experience in leading multi-billion dollar businesses across several geographies globally. He worked at Coca-Cola for about two decades in senior positions ending up as chairman of Asia Pacific.