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Anupam Rasayan is engaged in the manufacturing of custom synthesis and life science-related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies.
Image: Getty Images Why transformation is a buzzword at Piramal Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
Feb 18, 2021
Ajay Piramal is on a mission. The 65-year-old billionaire industrialist and chairman of Piramal Group, who recently wrapped up a mega acquisition of the beleaguered DHFL, is taking his flagship Piramal Enterprises Ltd (PEL) through a series of transformations to remould the multi-sector conglomerate into focussed, listed entities in financial services and pharmaceuticals sectors. The long, laborious journey from a real estate wholesale lending entity to a well-diversified non-banking finance company has already begun in earnest.
Synopsis
Every proposal that Finance Minister Nirmala Sitharaman announced in her Budget will have long-term repercussions and some stocks are better positioned to benefit from them, analysts said.
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Analysts at IIFL Securities picked ICICI Bank, ITC, L&T, Dabur, SBI Life, ICICI Lombard, HPCL, Deepak Nitrite, Quess Corp, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg as the biggest beneficiaries of this Budget.
NEW DELHI: The Union Budget may have been a non-event from the market’s point of view, but it has thrown up solid opportunity to make money. Or that’s what many analysts and market veterans believe.
Gains were checked by selling by foreign investors who have supported the massive rally for the last 10 months. But rising dollar and US treasury yield has resulted in flight of capital.