And just like that, the House of Cards came crashing down on October 3 as benchmark indices plunged deep into the red, rattled by Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in the war. But is this another false fall, destined to be propped up by the familiar 'buy on dips'?The geopolitical tinderbox is now the biggest threat to global equities, war...

Crompton & HAVells both rallied 20-25% in Q2 on expected synergies from Butterfly/B2B pick-up respectively. Softening commodities have fueled hopes of margin recovery in Q2, given the 10-15% price hikes in last four quarters. Butterfly integration is a key catalyst for Crompton. Weak margin in Lloyd is a key risk for Havells, while its core business is doing better. In FY23-25, we expect Cromptonâ...

Indian equity markets are likely to extend losses on Tuesday amid weak global cues. Early trends on SGX Nifty indicated a negative start for benchmark indices, with a loss of 100 points or 0.63%. The Nifty futures were trading around 15,678.50 level on the Singaporean Exchange. Asian shares tumbled in early trade after Wall Street hit a confirmed bear market milestone and bond yields struck a two-...

Key takeaway: Crompton is set to acquire 55% stake in Butterfly for Rs 13.8bn and will launch mandatory open offer for 26%. Total consideration for 81% stake could be Rs 20.7bn, implying P/S of 2.5x-3x basis FY21 sales. Butterfly is a key player in kitchen appliances, esp in South (76% of mix), with 500 distributors and 25k touch points pan-India. This acquisition could help Crompton diversify ...

Shares of consumer appliances and durables manufacturer Crompton Greaves Consumer Electricals Ltd have fallen 10% in November. According to analysts, investor sentiment that was upbeat earlier has taken a beating, because festive demand failed to meet expectations. What’s more, growth metrics in the coming quarters may be inflated by a high base and pent-up demand. In essence, analysts are wary ...