Amazon – BigBazaar – Reliance Saga.

The Amazon – BigBazaar – Reliance Saga. Future Retail runs BigBazaar , fbb , Foodhall, Easyday Club and Heritage Fresh and positioned itself as the India’s second largest offline retailer. In Aug 2019, When amazon was hinted about Reliance showing interest in Future Retail, Amazon took a backdoor entry by acquiring 49% stake in a…More

India: Amongst Top 5 in Equity Market Capitalisation

India’s equity market has broken into the world’s Top 5 club in terms of market capitalisation . The country’s total market cap stands at $3.21 trillion, which is higher than that of the UK ($3.19 trillion), Saudi Arabia ($3.18 trillion), and Canada ($3.18 trillion).More

SAIL looks to touch 125

SAIL is forming C&H pattern on the hourly chart. Once it closes above it, the breakout may take it to 125 range in the medium term. Expecting a bumper result this quarter.More

ITC Q3 results: Profit rises 12.7% YoY to Rs 4,156.20 crore, revenue jumps 32.5%

Doomsayer’s predicted Cigarettes is a dying business and ITC clocks 13% volume growth in its Cigarettes business. ITC is: Number one cigarette companySecond largest FMCGLargest agri commodity exporterNumber one paper companyNumber one packaging companySecond largest hotel chainBest supply chain in the countryProfitable IT company Fantastic Result: ITC Q3 results: Profit rises 12.7% YoY to Rs…More

Will Meta break down?

Facebook Owner Meta Set for $195 Billion Wipeout, Biggest in Market HistoryShares slump 22% premarket, dragging down Snap, Pinterest Snap, Twitter, and Pinterest sink as Facebook parent Meta’s Q4 earnings shock hits social media stocksMeta’s poor Q4 earnings triggered a slide in social media stocks, with Snap tumbling as much as 16.5%. Twitter fell 7%,…More

Highlights of Economic Survey 2022

Visible change in highway infrastructure in a decade. Dramatic rise in air connectivity in 5 years Jal Jeevan Mission making big strides Bank credit is finally picking up. Rising GST Collections UPI on a high… Statistical dip. GDP growth for 2021-22 moves down to 8.8% from 9.2% on the revised base of 2020-21 released by…More

Recent fall in IGL… An opportunity?

Indraprastha Gas(IGL) is a leading City Gas distributor which operates in Delhi. The stock has taken a massive beating in the last 1 month. Stock price sees a 30% fall in the last one month! Reasons for the fall? Delhi Government draft policy Allegations against former IGL boss Massive rise in gas prices Delhi Government…More

Chennai Petro – Attractive Valuations

ChennaiPetro Market cap (1600 Cr) = Operating profit (1600 Cr).Book Value 104, PE 2.7 Trading at thrice the market cap of profit (580 Cr, TTM), Sales 35000 Cr, another 30k Cr expansion plan with IOCL ongoing The beneficiary of the Crude upcycleMore