Indian equity markets may open in green, hinted SGX Nifty ahead of week’s last trading session. Nifty futures were trading 37 points or 0.21% up at 17,606 signalling a positive start for BSE Sensex, NSE Nifty 50. “Markets are showing tremendous resilience amid weak global cues and the recent consolidation should be seen as a breather, to digest the gains. We thus recommend continuing with the ...

We believe acquisition of Sri Krishna Milks to be value accretive in medium term as (i) Sri Krishna operates in key region of Dodla i.e. South India and has same products for which Dodla has strong understanding i.e. milk and curd, (ii) While Sri Krishna was loss making, it has gross margin of ~22% over FY18-21 which indicates strong consumer acceptance of the brand and (iii) post acquisition Dodl...

Indian equity market on Monday continued its downwards journey in line with global peers amid escalating Russia-Ukraine conflict. Both benchmark indicies Sensex and Nifty 50 are now down around 15% from all-time highs. The decline in the index has brought trading levels last seen in June 21. “Given the sharp rise in oil and commodity prices, stocks from this space are witnessing strong momentu...

Shares of Krishna Institute of Medical Sciences and Dodla Dairy will make debut on the BSE and NSE on Monday. The Rs2,144-crore IPO of KIMS initial public offer of Krishna Institute of Medical Sciences Limited (KIMS) was subscribed 3.86 times. This included a little over Rs955 crore that was mobilised from anchor investors. The portion meant for Qualified Institutional Buyers(QIBs) was subscribed ...

Dodla Dailry IPO GMP (Grey Market Premium) today is Rs85 to Rs87. The public issue share price in the grey market has been oscillating around Rs90 ever since it got opened for subscription for the bidders. According to market observers share price premium in the grey market reflects strong listing of the public issue and hence those who have applied for the issue are expected to keep their fingers...