Zomato's piping hot listing is setting the stage up for the next
set of tech Unicorns to look at listing in India rather than eyeing an
overseas IPO.
Companies like MobiKwik, PayTM, Nykaa, Policy Bazaar among others are all set to IPO in the next 6-12 months space.
We have had extreme demand in both PayTM & Mobikwik in the last
week, post the Zomato IPO. PayTM prices have gone up from 2300-2400
range from last month to 2900/sh levels this week
Summarizing the major news pieces in our top companies :
Reliance Retail:
1. Acquires controlling stake in Just Dial for $469 million
2. Reliance Retail brands may soon come to kiranas - is in a bid to
gain a foothold in the country’s ₹4.2 lakh-crore fast-moving consumer
goods (FMCG) market.
3. Q1 Results 2021 | Net profit surges 123% YoY to Rs 962 crore; EBITDA
grows 80%. Gross revenues of Rs 38,547 crores in Q1, a growth of 21.9
percent YoY.
Reliance Retail’s EBITDA at Rs 1,941 crore, up 80 percent YoY, as
opposed to Rs 1,079 crore last year in Q1. Its EBITDA margin for the
quarter stood at 5.8 percent in comparison with 3.8 percent in Q1 of
FY21
NSE
NSE declared dividend a Rs 24.75/share or 2475%
AGM will take place on 25/8/21 and record date for the same is 18th August 21.
Chennai Super Kings
CSK got rerated by the street with share prices moving from 78/sh
to 93/sh+. An analysis on the share prices of IPL cricket teams by
Bloomberg Quint pegged the per share rate for CSK at 104/sh
HDFC Securities is creating its own
discount broking architecture to compete with new-age firms like Zerodha
which are eating into market shares of entrenched players in the
business. The company, which registered a 94.9 per cent growth in its
June quarter net profit to Rs 260.6 crore, is doing extremely well,
Jagdishan said.
As per filings, HDFC Securities' total income grew by 67.3 per cent to
Rs 457.8 crore in the June quarter as against Rs 273.7 crore in the
year-ago period. It had 215 branches across 147 cities / towns in the
country.
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