The fund will be managed by Rohit Seksaria and S Bharath (equity investments), Dwijendra Srivastava and Sandeep Agarwal (debt investments) and Arjun Nagarajan (commodities investments).
"We have made steady progress in the SBL segment establishing a solid presence in Tier 3 and 4 towns in Tamil Nadu. While we will look to strengthen our existing branches, we are now set to foray into locations outside TN in phase two of our expansion," Sundaram Home Finance MD Lakshminarayanan Duraiswamy said on the expansion.
It expects current-quarter adjusted EBITDA, a key measure of profitability, to be between $165 million and $175 million. Analysts expect $155.6 million, according to LSEG data.
Instacart: It expects current-quarter adjusted EBITDA, a key measure of profitability, to be between $165 million and $175 million. Analysts expect $155.6 million, according to LSEG data.
Several prominent mid cap schemes like Axis Mid Cap Fund, Kotak Emerging Equity Fund, Sundaram Mid Cap Fund, Franklin India Prima Fund, among others failed to beat their benchmarks in both these horizons.
“I expect the demand story around the consumer goods basket to remain fairly healthy right up to the parliamentary election. That augurs well. Though the numbers have not been great, I would still say that it is a good point to accumulate consumer stocks at this point in time, given the outlook for the next six months.”
“ Given a lot of nervousness in the market, there is a little bit of profit booking and a reallocation of FII money. Buy equities smartly. Add defensives to your portfolio over the next six months. From then onwards, you can shift to a growth-oriented theme. There is no need to reallocate to debt just for this short-term volatility that I see ahead of the equity markets. ”
Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily in 2020 and 2021 in logistics to make same-day delivery, which it introduced in 2015, available in more places.