Congratulations JSW Steel - India's largest steel maker + Bhushan steel buy

Congratulations to JSW Steel, Its now India's largest steelmaker. JSW has purchased Bhushan Power & Steel Ltd for close to 20,000 crores. Bhushan steel has a capacity of 25 lakh tons of steel.  JSW Steel's capacity now stands at 2 Crore tons a year compared to 1.96 crore of Tata Steel.

Barbeque Nation’s IPO listing date and price

Barbeque Nation’s IPO listing date and price is the most sought after by investors. Barbeque Nation’s IPO has been over subscribed close to 6 times today. Price band of Barbeque Nation IPO:  Barbeque Nation ltd had fixed the price band of the initial public offer at Rs. 498 - Rs. 500 per share. Barbeque Nation will raise close to ₹ 450 crores at this price.  Market lot size of IPO : 30 shares Maximum lots for retail investors : 13 lots Barbeque Nation Hospitality IPO subscription window opened on Wednesday, March 24, and closed on March 26. Barbeque Nation IPO Dates  Open Date 24th Mar 2021  Close Date 26th Mar 2021  Share Allotment Date 1st Apr 2021  Initiation of Refunds 5th Apr 2021  Credit of Shares to Demat Account 6th Apr 2021  IPO Shares Listing Date 7th Apr 2021 Expected listing price of Barbeque Nation - Around 700-900 Rs per share

Tata Motors - TESLA of India ?

Tata Motors which reported extremely poor results last quarter due to covid impact is looking ahead now. Tata Nexon EV (electric vehicle) sales is above expectations as per market reports. Tata has been getting extremely positive response for its EV compared to MG or Hyundai. Can this be treated as a positive to buy Tata Motors shares ? Lot of questions to be answered. Can this surge in EV sales lift Tata Motors ? Tata motors has an upper hand in EV game as it has charging infrastructure ready in most cities at least in the dealerships and the service network is remarkable.  Also going by the sales, Tata nexon EV is the first real blockbuster EV car in India. Tata could easily capitalise on the EV transformation wave. Tata motors shared are set for value upgrade considering the bright future for EV. Could Tata motors be the TESLA of India ? This question can be answered in the next 12 months easily. Govt has also announced sops for EV like Zero road tax, subsidy for Battery, Registrati

Tata Consumer Products Profit Zooms

Tata Consumer Products, the maker of TATA Salt, TATA Tea, Tetley, Eight O' clock and Himalayan Water's First quarter profit up 80% at Rs 346 crores compared to 190 crores last year. Looks like Tata consumer (Tata beverages) has immensely benefited from covid 19 crisis. People have consumed a lot of Tata products this quarter! Company had acquired Nourishco beverages and as a result of which profit increased by 84 crores. But at the same time the profit was reduced by Tata Starbucks due to the impact of COVID-19 on closure.

Jio Profit doubles to 2500 crores in Q1 2021

Jio owned by Reliance Industries limited has announced record profit in the first quarter of 2021. Net Profit has nearly doubled to 2500 crores. Jio had declared a profit of ₹891 crore for the same quarter last year. Quarterly revenue too rose  by 35 percentage to ₹16,557 crore compared to last year. The total subscribers of Reliance Jio has increased to 398 million as of July 1st 2020. The average revenue per user (ARPU) grew 7.5% to ₹140 per user.  The growth in data consumption happened due to covid 19 led lockdown. The gold plating in this result is that the company added 1.5 crore new subscribers during this pandemic inspite of severe lockdown restrictions. It also said that each subscribed used an average data of around 12 GB per month. Meanwhile Jio's standalone EBITDA for the June quarter reported 55% YoY rise to ₹ 7,281 crore.  Jio Platforms also raised ₹152,056 crore from 13 investors which includes Google, Facebook, Silver Lake, Vista Equity Partners, General Atlantic, K

Yes Bank - Worst is over ? Q1 Profit drops

Yes bank 2020-2021 1st Quarter profit has dropped below 50 crores. But the operating profits increased to 1100 crores inspite of corona related provisioning. Surprisingly the deposits have increased in Yes Bank inspite of all the bad news. Bank has managed to retain its customers and also increase the deposits. Net lending margin has also increased to 3% NPA has only increased marginally from 16.80 per cent to 17.30 per cent and compared to 5.01 per cent in same quarter last year. Net bad asset ratio declined to 4.96 per cent from 5.03 per cent last quarter. Based on the results one can assume that the worst is behind. However the only issue is the EPS which has decreased significantly to 4 paise per share mainly due to increased dilution of equity.

Mahindra & Mahindra Financial Service Rights issue from today

Mahindra & Mahindra Financial Service Rights issue has opened today for the existing shareholders. The Rights issue will close next month on August 11, 2020. The primary objective is to enhance the capital requirements. Price per share is Rs.50 Mahindra is raising 3000 crores + through this rights issue. Existing shareholders can subscribe to 1 share per 1 share held. that is 100% of their existing shareholding.