NEW DELHI: The Rs 1,838 crore IPO by Devyani International kicked off on Wednesday. On the block is a fresh issue of shares aggregating Rs 440 crore and an offer for sale (OFS) of up to 15.53 crore shares being sold in the Rs 86-90 price band. Last heard, the unlisted stock was commanding a grey market premium of Rs 63-65.
Since the largest franchisee of KFC, Pizza Hut and Costa Coffee is a loss-making firm, analysts are valuing it on metrics such as EV/Ebitda and EV/sales, and largely have a subscribe rating on the issue. Some of them even suggest subscribing for listing gains.
Infosys shares: Infy s best growth in a decade leaves D-Street drawing parity with TCS
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
QSR stocks: After up to 50% jump in a month, will QSR stocks cook up a tasty story?
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
›Look who’s at the receiving end of steel price rise: This EPC player may languish for 6 months
Look who’s at the receiving end of steel price rise: This EPC player may languish for 6 months
SECTIONS
Look who’s at the receiving end of steel price rise: This EPC player may languish for 6 monthsBy
Share
Synopsis
Analysts said 20-25 per cent of the company’s order book was of fixed price in nature, and thus was impacted adversely due to the rise in commodity prices, especially steel.
Agencies
Analysts expect margins to remain depressed in the coming two quarters and so will be the stock in the near term.
Apr 28 2021, 11:31 AM
April 28 2021, 7:51 AM
April 28 2021, 11:31 AM
From a Covid-ravaged economy to a parent struggling with supply disruptions, many things that could go wrong for Mahindra & Mahindra Financial Services Ltd. in FY21 did go wrong. The lender capped a volatile year with a weak set of fourth-quarter earnings and while it hopes for a quick turnaround, analysts remain sceptical.For the full year, Mahindra Finance reported a 63% drop in profit after tax, while for the fourth-quarter profit.
From a Covid-ravaged economy to a parent struggling with supply disruptions, many things that could go wrong for Mahindra & Mahindra Financial Services Ltd.
in FY21 did go wrong. The lender capped a volatile year with a weak set of fourth-quarter earnings and while it hopes for a quick turnaround, analysts remain sceptical.