They are all cash flow generating businesses for us. So we are not very hungry for capital. We are able to self finance the growth but it goes without saying that if we have an opportunity which can use large capital, there is a lot of it available for us.
FPI inflows stood at mere Rs 3,928 crore during the quarter, resulting in FPIs share declining to 21.47 per cent as on September 30, 2021, from 21.66 per cent as on June 30, 2021, Haldea said.
The Nifty Auto index closed 1.09 per cent up at 11421.0.
“Looking at the opportunity going forward, minerals like copper, zinc, lead, nickel, lithium metals are going to be the future metals which will drive the new world. â€
According to the data from National Stock Exchange (NSE), the issue garnered bids for 23,33,070 equity shares as of 1.05 pm on the day 1, as against a total issue size of 1,05,46,140 equity shares.
Nomura India said that the plans being offered by Jio along with the smartphones are at 20-30 per cent premium to comparable daily data plans in the market.
Domestic gold imports witnessed a sharp jump but strong outflows from gold-backed ETFs have dampened the sentiments. Tapering tantrums in the US have also led to weakness in gold.
“Customers are going back to business and credit demand has come in and credit queries have started.â€
The IPO of PB Fintech has raised several questions over the valuation. This is, perhaps, why the majority of brokerages have recommended investors to skip this loss-making start-up.
Edelweiss Securities’ conviction goes a notch higher as it sees SBI Cards as a “concept stock†with offering high growth and high returns.
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