Holding companies index significantly outperformed the benchmark indices over a longer investment horizon. Specifically, it was observed that the outperformance accelerates during the market boom, as was evidenced during the periods of 2017-18 and 2023-24 when the index nearly doubled in a span of a year.
Kalyani Investment, a co-promoter of Hikal, wrote to Sebi on 29 November that the compliance officer unfairly restricted it from buying Hikal shares at the behest of the Hiremaths
“As the tone of the market is sideways, defensive stocks are outperforming and there is the traction which we can see. So, Glaxo can be bought at Rs 1640; Rs 1540 should be the stop loss and Rs 1,745 to 1,850 should be the target. The second one, Glenmark, is again from defensive space. It can be bought at Rs 793; Rs 740 should be the stop loss and Rs 900 to 1,000 should be the target.”
A new twist in the legal battle between Bharat Forge CMD Baba Kalyani and his sister Sugandha Hiremath for a stake in Hikal continues is Gaurishankar, who is required to transfer his 3% stake in Bharat Forge to Baba after their parent s demise. However, this would also mean Baba has to give up a 34% stake in Hikal to his sister.
India Business News: MUMBAI: As Bharat Forge CMD Baba Kalyani and his sister, Sugandha Hiremath, battle over the existence of a 'family arrangement' which is crucial to th.