In today’s briefing:
- Hindustan Zinc OFS Early Look – Due for a Correction, Large Selling Pressure Looming
- P N Gadgil Jewellers Pre-IPO – Strong Revenue Growth but Margin Worry Persists
Hindustan Zinc OFS Early Look – Due for a Correction, Large Selling Pressure Looming
- Vedanta Ltd (VEDL IN) is looking to raise US$760m from selling some stake in Hindustan Zinc (HZ IN).
- Overall, while the deal would represent just 2.6% of the firm’s outstanding shares, the deal is a large one to digest at 41 days of the stock’s three month ADV.
- In this note, we take an early look at the deal, and comment on the deal dynamics.
P N Gadgil Jewellers Pre-IPO – Strong Revenue Growth but Margin Worry Persists
- P N Gadgil Jewellers (1742652D IN) looking to raise up to US$132m in its upcoming India IPO.
- P N Gadgil Jewellers (PNGJ) is an Indian organized jewellery player. Its product offerings include traditional as well as modern and functional jewellery designs, in gold, diamond, silver and platinum.
- In this note, we look at the company’s historical performance.
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