IPO lock-in expires, shares of 38 companies worth $21 billion may enter market by November

IPO lock-in expires, shares of 38 companies worth  billion may enter market by November

Shareholder lock-ins worth $21 billion in 38 companies will be lifted between today and November 30. The value pertains to the opening of total locked-in shares but it is important to note that not all of these shares will come for sale as a sizeable portion of these shares are also held by promoters and … Read more

britannia share price: Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy

britannia share price: Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy

Abneesh Roy, ED, Nuvama Institutional Equities, says “margins may not see a big drop. Of course, the wheat crop this year seems to be a bit better than last year. We wait for more clarity. But the company is focusing on growth and volume growth but said that margins may not see a big drop … Read more

FMCG recovery: Don’t expect recovery in FMCG before FY25: Abneesh Roy

FMCG recovery: Don’t expect recovery in FMCG before FY25: Abneesh Roy

Abneesh Roy, ED, Nuvama Institutional Equities, says “our top picks in consumer stocks will be essentially United Breweries, Nestle, Bajaj Consumer, Tata Consumer, and Dabur. From a Q3 results perspective, Bajaj Consumer and Indigo Paints, these two small companies will see good numbers in the December quarter. Bajaj Consumer because of the festival related benefit … Read more