“Moving the financial business away via demerger is one of the best ideas that any business could do and I am happy that is doing it. It is not necessarily small. While the asset base would be something like Rs 6,000 crore which is effectively 1:1 share with Reliance. This is their capital base. They … Read more
The September quarter results of Reliance Industries sprung no major surprises for investors. Billionaire Mukesh Ambani’s RIL posted flat growth in net profit of Rs 13,656 crore, while the consolidated Ebitda came in at Rs 34,663 crore. That said, what captured investors’ fancy was the Board’s decision to demerge … Read more
Photo : iStock About the company Hercules Hoists is a part of the Bajaj Group and its primary promoters are Bajaj Holdings & Investments Ltd, Jamnalal Sons Pvt Ltd, and Bajaj Sevashram Pvt Ltd. The company was incorporated in 1962 in collaboration with Heinrich de Fries GmbH, Germany. It is the market leader in hoisting … Read more
NEW DELHI: After the demerger of the pharma and lending business in , brokerage firm has maintained a buy rating for the company with a revised target price of Rs 1,320. The brokerage sees a potential increase of nearly 37 per cent from the current market price of Rs 964.65 for the stock in the … Read more