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  Trucking fleet relationships, customer relationships, historical land bank for setting up sorting centres are the drivers of its high ROE, said Jefferies Global brokerage visited logistics firm TCI Express’ (TCIE) automated sorting centre at Gurgaon and interacted with Chander Agarwal (CEO) and Mukti Lal (CFO) to discuss the company's business operations. “Profitability and cash flow is the mantra even if it means lower revenue growth. B2B is 95% of revenues, with e-commerce at only 5%. Profitable business focus reflects in the 25%+ ROE and we believe double-digit revenue growth, 28% EPS CAGR in FY22-25E are upside triggers ahead," the note stated. Trucking fleet relationships, customer relationships, historical land bank for setting up sorting centres are the drivers of its high ROEs and margin management even in an inflationary environment, as per Jefferies.  “The stock traded at a high of 63x and average of 31x since it listed in December 2016," said Jefferies while ...

Since Uniparts India IPO is entirely an OFS, the company will not receive any proceeds from the issue The initial public offer (IPO) of engineering systems and solutions provider Uniparts India received 58% subscription on the first day of the offering on Wednesday. The issue, with a price band in the range of ₹548-577 a share, concludes on Friday, December 2, 2022. The engineering systems and solutions provider raised ₹251 crore from anchor investors ahead of its initial share sale. As per market observers, Uniparts India shares are available at a premium (GMP) of ₹68 in the grey market today. The shares of the company are expected to list on the stock exchanges BSE and NSE on Monday, December 12, 2022. Uniparts India IPO is of up to 14,481,942 equity shares. At the upper end of the price band, the IPO is expected to fetch ₹836 crore. Since the offer is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. “Uniparts India is manufacturer of...

 NDTV share price has surged from ₹358.55 to ₹446.30 apiece levels in last five sessions NDTV share price:   Uptrend in shares of New Delhi Television Limited continued for 5th day in a row as the stock has risen from ₹358.55 (close price on 23rd November 2022 on NSE) to ₹446.30 apiece levels today, logging around 25 per cent in last five sessions. In fact, the media stock has been hitting upper circuit for the last four sessions as it has been hitting 5 per cent upper circuit since Friday session. NDTV Adani takeover news: On Monday, Adani Enterprises Ltd informed Indian bourses that its subsidiary Vishvapradhan Commercial Private Limited (VCPL) has received a letter from news broadcaster New Delhi Television Ltd’s (NDTV’s) promoter firm RRPR Holding confirming it had transferred shares constituting 99.5 per cent of its equity capital to VCPL. "We hereby inform you that VCPL has received a letter from RRPR Holding Private Limited (“RRPR") (through its lawyer) dated November ...

The US stock market fell on Tuesday with investors keenly looking forward to Fed Chair Jerome Powell's public appearance later this week The S&P 500 closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while US oil futures gained on hopes China loosens COVID-19 restrictions that have fueled fears about the global economy. The US dollar edged lower against the Japanese yen while the Aussie dollar jumped as sentiment improved on hopes China would ease on lockdowns after health officials discussed speeding up COVID vaccinations for elderly people. US Treasury yields rose ahead of a public appearance by Fed Chair Jerome Powell and a slew of data due later in the week. A survey released on Tuesday showed US consumer confidence eased further in November amid persistent worries about the rising cost of living. Richmond Fed President Thomas Barkin on Monday doused speculation the US central bank would reverse course on interest...

  At the upper end of the price band, Uniparts India IPO is expected to fetch ₹836 crore Engineering systems and solutions provider Uniparts India's ₹836-crore initial public offering (IPO) will open for public subscription on Wednesday, November 30, 2022 and conclude on Friday, December 2, 2022. The bidding for anchor investors will open on Tuesday, November 29. The price band has been fixed in the range of ₹548-577 a share for its three-day initial share sale. “Uniparts India is manufacturer of engineered systems and solutions and leading supplier of of components for the off highway market in agriculture and construction. International sales contributed to over 82% sales in FY22. Revenues and margins grew steadily in past three fiscal years. At the upper band of the offer, the implied market cap stands at approx. Rs. 2604 crores and the asking p/e multiple is 15.28x which looks quite reasonable as compared to its peers. The secondary market being at all-time highs should help th...

Vedanta announced an interim dividend of ₹17.50 per share or 1750% for the financial year 2022-23 Shares of Vedanta Ltd started trading ex-dividend on Tuesday, a day ahead of its record date which has been fixed as Wednesday, November 30, 2022 for the purpose of the payment of the third interim dividend of ₹17.50 per share or 1750% for the financial year 2022-23. Vedanta shares rose over a per cent on the BSE in opening trading session. “We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved Third Interim Dividend of ₹17.50 per equity share i.e. 1750% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to c. ₹6,505 crores. The record date for the purpose of payment of dividend is Wednesday, November 30, 2022. The interim dividend will be paid within stipulated timelines as prescribed under law," the company had informed in an exchange filing. Billionaire Anil Agar...

  Multibagger stock: Shares of Leading Leasing Finance And Investment Company Ltd are one of the multibagger stocks in India. The small-cap stock with a market cap of around ₹52 crore is one of those stocks in 2022 that announced subdivision of shares as well. The board of directors of the company announced 1:10 stock split this year and the stock traded ex-split on 22nd September 2022. In last one month, this small-cap stock has delivered over 25 per cent return to its shareholders. However, this stock has a history of delivering whopping return to its shareholders as it surged from around Re 1 to ₹9.70 apiece levels in last 5 years, delivering to the tune of 870 per cent return to its long term positional investors. Leading Leasing Finance share price history In last one month, this small-cap multibagger penny stock has risen from around 7.75 to 9.70 apiece levels, recording around 25 per cent rise in this period whereas in last six months, it has surged from6.80 to ₹9.70 per sha...