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Eureka Forbes promoter to sell 22% stake for $254 million

Lunolux, an entity held by American buyout firm Advent International, will sell part of its stake in the household appliances maker at a time when Eureka Forbes has underperformed the market

India , Bharat , Manjushree-technopack , Shapoorji-pallonji-group , Advent-international , Eureka-forbes , Bharat-serum-vaccines , Lunolux , Iifl-securities ,

Eureka Forbes promoter to sell 12% stake for $138.6 million

Lunolux, an entity held by American buyout firm Advent International, will sell part of its stake in the household appliances maker at a time when Eureka Forbes has underperformed the market

India , Bharat , Manjushree-technopack , Shapoorji-pallonji-group , Advent-international , Eureka-forbes , Bharat-serum-vaccines , Lunolux , Iifl-securities ,

Sanjiv Bhasin | Sanjiv Bhasin portfolio: Take some money off PSBs & get into 3 largecap private banks; bullish on 4 stocks in auto space: Sanjiv Bhasin

Sanjiv Bhasin advises investing in private banks like HDFC Bank and is optimistic about HDFC, ICICI, and Kotak. Zee Entertainment's merger talks are back on and he is hopeful that after pain, gain is going to be very much on the cards. Auto sector remains strong with top picks being Maruti, Bosch, Ashok Leyland, and Hero Moto.

Kozhikode , Kerala , India , Lucknow , Uttar-pradesh , Indonesia , Malaysia , Indonesian , Malaysian , Sanjiv-bhasin , Uday-kotak , Kotak-mahindra

BPCL | HPCL | IOC: Bullish on OMC pack; best yet to come for BPCL, HPCL and IOC: Harshvardhan Dole

BPCL, HP, and IOC have the potential for increased PE multiples. OMCs derive over 50% of their EBITDA from retailing petrol and diesel, leading to stable YoY earnings. In the good cycle, that is when the oil prices are benign, all the oil marketing companies tend to trade in double-digit PE multiples. ONGC and Oil India need a clear roadmap for sustainable volume growth to achieve re-rating.

India , Lucknow , Uttar-pradesh , Kozhikode , Kerala , Harshvardhan-dole , Oil-india , Offering-college , Leadership-excellence , Executive-officer , Product-officer , Operations-officer

Sanjiv Bhasin | Sanjiv Bhasin portfolio stocks: Pick and choose from 5 must-haves that are not cheap; NTPC is a buy among PSUs: Sanjiv Bhasin

Sanjiv Bhasin, Director of IIFL Securities, is bullish on stocks like ABB, Siemens, L&T, Cummins, and Thermax. He recommends Lupin as the top play in pharma. Bhasin suggests buying MCX and IEX. In IT. he is overweight on HCL Tech, Tech Mahindra, Persistent, and Coforge. His top picks include Hero Moto, Bosch, State Bank, Canbank, PNB, REC, PFC, NTPC, and Tata Power.

China , Lucknow , Uttar-pradesh , India , Sanjiv-bhasin , Biocon , Cipla , Siemens , Cummins , Offering-college , Indian-school-of-business , Leadership-excellence

Sanjiv Bhasin | Sanjiv Bhasin portfolio: Sanjiv Bhasin on his 2 portfolio favourites and why he continues to be bullish on United Spirits

Sanjiv Bhasin of IIFL Securities remains positive on Dhanlaxmi Bank and Indiabulls Real Estate, highlighting their potential in the market. Bhasin discloses his personal and client portfolios include these stocks. He also believes in the growth of branded alcohol consumption and the impact that Diageo's acquisition of United Spirits will have.

Lucknow , Uttar-pradesh , India , Delhi , Kolkata , West-bengal , Kozhikode , Kerala , Piccadily-agro , Sanjiv-bhasin , Arvind-kejriwal , Vijay-mallya

Sanjiv Bhasin | Sanjiv Bhasin portfolio stocks: Vedanta can be stock of the year; Bandhan Bank may double in 12-18 months: Sanjiv Bhasin

Sanjiv Bhasin recommends investing in HDFC and M&M for long-term wealth creation. He suggests considering under-owned stocks like ONGC, IOC, Concor, IRCTC, and Nalco. GQG Capital's success with Adani and Vedanta stocks is noteworthy. The mortgage business and Tuticorin copper opening could drive growth. Bhasin also says Bandhan Bank should be in your portfolio and left there for the next two-three quarters. This can be a doubler, in the next one-one and a half year.

Kolkata , West-bengal , India , Tuticorin , Tamil-nadu , Lucknow , Uttar-pradesh , Hindustan , India-general- , Warren-buffett , Sanjiv-bhasin , Anil-agarwal

Sanjiv Bhasin | Sanjiv Bhasin stocks: Want a shopping list? Sanjiv Bhasin has 7 stocks to choose from

Sanjiv Bhasin of IIFL Securities recommends UPL, NMDC, and SBI as value picks. He is positive on M&M, Indiabulls Real Estate, Dhanlaxmi Bank, and ITC. Bhasin also highlights the impressive performance of Nalco and recommends investing in BPCL. He suggests taking profits from PSUs and investing in private banks like ICICI and Axis.

India , Kozhikode , Kerala , Tanzania , Lucknow , Uttar-pradesh , Sanjiv-bhasin , Dhanlaxmi-bank , Bank-nifty , Offering-college , Indian-school-of-business , Indiabulls-real

Sanjiv Bhasin | Sanjiv Bhasin portfolio stocks: Continue to buy PSUs on dips; in Paytm, good opportunities and bad times do not come together: Sanjiv Bhasin

It continues to be painful for both Zee and Paytm. But that is part and parcel of investing. Some things are uncanny because of the incidents, but we think there will be a resolution faster than you thought and as soon as you see the back of some of these large promoters who have misled investors, the Zee stock can be rerated. Paytm faces risk of customer exodus after RBI curbs payments bank.

Lucknow , Uttar-pradesh , India , Kozhikode , Kerala , Sanjiv-bhasin , Offering-college , Indian-school-of-business , State-bank , Leadership-excellence , Operations-officer , Product-officer

Bharti Airtel: Airtel waives off first right of refusal for TCIL's stake in Bharti Hexacom

Bharti Airtel has waived its right of first refusal to acquire a 30% stake in Bharti Hexacom from state-owned Telecommunications Consultants India Ltd (TCIL). The move is seen as a lack of immediate value in the acquisition, according to analysts. Bharti Hexacom had previously filed a draft offer document to sell a 20% stake of TCIL, which will provide the government with a partial exit. TCIL's holding will drop to 10% after Bharti Hexacom's IPO, while Bharti Airtel will retain its 70% stake in the unit.

India , Bharti-airtel , Bharti-hexacom , Rajiv-shyam-telecom , Telecommunications-consultants-india-ltd , Securities-exchange-board-of-india-sebi , Airtel , Exchange-board , Sunil-mittal-led , West-asia , Axis-capital , Rajiv-malhotra-headed-shyam-telecom