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“We are long-term debt-free. We have technologies in place. We have zero pledge in the company and as a Pricol Group with other unlisted companies in the group all companies are debt-free and have cash reserves as well and there is not a single share that has been pledged by the promoters.”

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 23.39 per cent and 14.3 per cent, respectively.

In the course of our mutual fund analysis, we came across four stocks that had been newly added by mutual fund houses in January in comparison to the previous month.

The brokerage likes Brigade in the real estate space as it is a play on strong portfolio of assets in southern market.

Under the rolling hedge strategy, there could be a year or two when you have to pay M-T-M but broadly the strategy rewards you to the tune of 1-1.5% on your bookings

FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022. The profit stood at Rs 379 crore in the corresponding quarter last year.

The rupee was quoting at 82.7475 to the dollar at 10:50 a.m. IST, barely changed from 82.7175 in the previous session. The rupee has been in a 82.74 to 82.80 range so far.

At CMP, the stock is trading at 23x FY25E factoring in near term recovery.

“TRAI directed the operators to make use of DLT (Distributed Ledger Technology) and passed on the regulatory burden to the operators. They had to basically invest in that. And it is a very complex problem and needs a lot of capex infrastructure. The DLT platform is easier said than done but it has a promise to solve all the problems not only messages but even for calls.”

We value VIL at 11.5x FY25F EV/EBITDA, with a lower TP of INR5 (INR8 earlier) on factoring in the equity dilution following debt conversion of Rs 161 bn and aligning our model for 9MFY23 performance, said the brokerage