VALUE
Raamdeo Agrawal on price, value & how Buffett's Berkshire Hathaway could end up with $10-20 trillion net worth
Raamdeo Agrawal of Motilal Oswal Group discusses the importance of understanding value over price for every investor and also highlights Warren Buffett's achievements and investment strategies. He praises Buffett's 20% compounded growth over decades and notes that Buffett's limited investment in India despite significant Indian contributions to Berkshire Hathaway's success.
Raymond Lifestyle plans 900 stores in 3 years: Gautam Singhania
Raymond Lifestyle plans to add 900 stores in the next three years and targets 12-15% annual sales growth, says chairman Gautam Singhania. The demerged unit of Raymond will list on the bourses on September 5. The demerger aims to unlock shareholder value by focusing on the lifestyle business. Investments in the UK, EU, and Australia are seen as opportunities. Previously, Raymond sold its FMCG business and demerged its lifestyle and real estate units.
Rekha Jhunjhunwala-backed Baazar Style Retail raises Rs 250 crore from anchor investors
Value fashion retailer Baazar Style Retail Ltd has raised Rs 250 crore from anchor investors ahead of its IPO opening for public subscription. The Rs 835-crore IPO, with a price band of Rs 370-389 per share, opens on August 30 and closes on September 3. Funds will be used for debt repayment and corporate purposes.
Mumbai housing sales value likely to surpass Rs 2 lakh crore mark by 2030: JLL
Mumbai's housing market is projected to reach Rs 2 lakh crore by 2030, driven by infrastructure developments and increasing sales, according to JLL India report. By 2024, residential sales value is expected to hit a record Rs 1.35 lakh crore. Enhanced connectivity in areas like Navi Mumbai and Thane is boosting launches and sales.
Nvidia fails to impress growth-hungry investors, shares fall
Nvidia's recent quarterly forecast didn't meet high investor expectations, leading to a 6% drop in its shares and affecting other chipmakers. Despite robust growth and a $50 billion share buyback, concerns remain about the long-term viability of generative AI and regulatory scrutiny. Nvidia's forecast for the coming quarter was close to analysts’ estimates.
Buffett's Berkshire Hathaway hits $1 tn market value
Warren Buffett's Berkshire Hathaway holding company crossed $1 trillion in market value Wednesday, making it the first non-tech firm on Wall Street to pass the milestone. On Wednesday, Berkshire Hathaway's market capitalization crossed $1 trillion in early trading, putting it in an exclusive club alongside tech titans like Apple, Nvidia and Microsoft.
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SBI should become the best banker to Indians: New chief Challa Sreenivasulu Setty
State Bank of India chairman Challa Sreenivasulu Setty, appointed for three years, urges employees to elevate the bank into the most valued financial institution. He succeeds Dinesh Khara and aims to reinforce SBI's status as the 'Banker to Every Indian' and achieve service excellence. Under Setty's leadership, SBI aims for new milestones and strategic growth.
Trent to Open first Zudio store in Dubai next month
Retailer Trent, led by Noel Tata, is launching its first overseas Zudio store in Dubai next month, targeting the Indian diaspora. The store will be located in Silicon Oasis Mall. Following significant growth in India, Zudio now contributes over a third of Trent's total revenue. Expansion plans will depend on the store's performance.
Firms seek expansion of speciality steel products covered under PLI 1.1
Speciality steel manufacturers are advocating for the inclusion of value-added products like wires, bright bars, and stainless-steel components for defence in the upcoming version of the production-linked incentive (PLI) scheme. The government has initiated discussions on broadening the PLI scope, with industry submissions expected soon. Major steel companies participated in a recent meeting to provide inputs.
Tata Steel acquires 178 crore shares in Singapore arm TSHP for USD 280 million
Tata Steel on Wednesday said it has acquired about 178 crore additional equity shares of T Steel Holdings Pte Ltd for USD 280 million, taking the total fund infusion into its Singapore-based arm to USD 1,337 million.
Vaishali Pharma announces bonus issue, stock split. Shares up 10%
Vaishali Pharma's board approved a 1:5 stock split and a 1:1 bonus share issue, causing the stock to surge 10% to Rs 190.35 on the NSE. The split, pending shareholder and regulatory approvals, will be given to eligible shareholders as on record date which will be announced later.
Grip Invest launches India's first privately placed investment grade bonds with Rs 10,000 face value, offering 14% yield
India's first privately placed investment grade bonds with a face value of Rs. 10,000 have been launched by Grip Invest with a tenure of 17 months.
Trideep Bhattacharya sees value in these 3 pockets now
Edelweiss MF's Trideep Bhattacharya stated that in the past six months, they increased their portfolio's allocation towards IT services, consumption, and rate-sensitive financials. He also mentioned profit-booking from defence and capital goods sectors. Bhattacharya expressed optimism towards traditional two-wheelers with EV exposure and platform-based tech firms showing cash flows and profits.
Make those Li-ion batteries roar
India's demand for lithium-ion batteries is set to exceed 300 GWh by 2030, primarily met through imports. With major investments from companies and government initiatives, India plans to develop its own manufacturing capabilities. Emphasizing mineral security, advanced battery tech, and recycling, the focus is on achieving energy independence and decarbonisation.
Aarti Drugs announces record date for Rs 60 crore share buyback
Aarti Drugs has set September 5 as the record date for its Rs 59.85 crore share buyback. The company will repurchase up to 6,65,000 shares at Rs 900 each, a 48% premium on Monday's BSE closing price. The buyback represents 0.72% of its total equity.
Value-for-money fashion spurs Trent's 129% surge
The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.
Affordable Tripods Under ₹1000: Stability Meets Value
Explore the latest collection of top-rated tripods under ₹1000, where affordability meets functionality. These tripods offer reliable stability and versatility for both amateur and budding photographers. From compact designs perfect for travel to sturdy options ideal for indoor shoots, each model ensures smooth and steady shots. With features such as adjustable legs, flexible heads, and lightweight construction, these tripods cater to a wide range of needs. Discover the perfect tripod to elevate your photography experience without breaking the bank.
Premium consumer electronics sales growing faster online than in stores
Online sales of high-value electronics such as air-conditioners, washing machines, and laptops grew significantly faster than offline sales in the first half of 2024. GfK-NielsenIQ data revealed a 17% increase in online consumer electronics sales compared to 12% offline. Consumers now prefer the convenience and better deals offered by online shopping platforms.
One ratio which helps in bullish, confusing & 'sectoral bearish times': 4 stocks for long term investors
It has made to headlines many times, one sector which is facing the brunt of selling from FPI, no prize for guessing it. It is financial services, stocks including banks. When a sector comes under pressure due to selling by one set of investors then sometimes, a narrative gets created that every stock in that sector should be avoided. But the fact if the fundamental of that sector are intact and improving, these phases of selling are probably an opportunity. Now the question comes which stock should be looked in and how much more should be paid for the stock. One of the ways is to determine by dividing a company’s PE multiple with its growth ratio. Look carefully at PEG ratio which in the long-term indicates many things in a better manner than most other alternatives like PE which tend to create a mirage of value.
Why US needs Bangladesh so much, a US Naval Institute article reveals
Prime Minister Sheikh Hasina of Bangladesh resigned and fled the country after a coup. She claimed she was offered a re-election in exchange for permitting a foreign airbase, likely the US. The US denied any role in her removal. Bangladesh’s strategic importance to American interests in the region has been highlighted by experts.
No plan to sell stake now: Punjab Kings’ Burman
Mohit Burman, majority owner of Punjab Kings, discussed a dispute with co-owner Preity Zinta over selling part of his stake. Burman committed to legal compliance but stated no immediate selling plans. Zinta contested the sale in court, claiming a first-right-of-refusal clause, which Burman refuted.
S Naren-led mutual fund scheme turns Rs 10,000 monthly SIP into Rs 2.30 crore in 20 years
ICICI Prudential Value Discovery Fund, India's largest value fund, marks 20 years with a 21.02% CAGR. It has significant AUM, outperforming Nifty 50 and proving value investing's effectiveness in India.
Athletic leap in deals: Brands race to bask in Olympic limelight; endorsement value rockets for Phogat, medallists
After Vinesh Phogat missed an Olympic medal by just 100 grams, her endorsement opportunities have surged, with 15 brands seeking to sign her. Her endorsement fee has jumped to ₹1 crore per deal annually, up from ₹25 lakh. Phogat, who previously endorsed Nike and Country Delight, is now joined by other standout athletes like Neeraj Chopra and Manu Bhaker.
Best Asus Vivobook laptops for performance and value
Explore the best Asus Vivobook laptops, known for their blend of performance, style, and affordability. These laptops cater to a wide range of users, from students to professionals, with options featuring powerful processors, vibrant displays, and long battery life. Whether you need a lightweight model for portability or a robust machine for multitasking, there's a Vivobook to match your requirements and budget.
Moderately valued’ metal stocks shine on bourses
On Monday, metal stocks rose, driven by moderate valuations and an anti-dumping investigation on Vietnamese hot-rolled coil imports. The Nifty Metal Index gained 1.87%, and companies like National Aluminium and Hindalco saw significant increases. Analysts, however, remain cautious due to challenges from Chinese imports despite the recent valuation corrections.
Best value funds to invest in August 2024
If value investing still appeals to you, here is our list of recommended value funds to invest in August 2024. There is no change in our recommended schemes. Watch out for our monthly updates to find out whether your favourite scheme is performing well.
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