In today’s briefing:
- NIFTY Quiddity Leaderboard Mar 23: Tata Motor DVR Could Be Included in NIFTY 100
- Growatt Technology IPO: Growing Watts
- International Flavors & Fragrances Inc.: Initiation of Coverage – Business Strategy & Other Drivers
- International Flavors & Fragrances Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
NIFTY Quiddity Leaderboard Mar 23: Tata Motor DVR Could Be Included in NIFTY 100
- In this insight, we take a look at the potential ADDs/DELs for the NIFTY 50, 100, and 500 Indices in the run up to the March 2023 Rebalance.
- In October 2022, NIFTY Indices Ltd initiated a market consultation recently on the “treatment of merger/demerger in Nifty equity indices” and its outcome has been confirmed now.
- Separately, Tata Motors DVR (TTMT/A IN) – previously ineligible for NIFTY 100 Inclusion for liquidity reasons – could become eligible for the March 2023 Rebalance event.
Growatt Technology IPO: Growing Watts
- Growatt Technology (1833969D CH), a leading PV invertors manufacturer, is pre-marketing a US$500 million HKEx IPO in October, according to press reports.
- We previously discussed the IPO in Growatt Technology IPO: The Bull Case and Growatt Technology IPO: The Bear Case.
- The PHIP which disclosed the 1H22 results and latest developments suggests that Growatt is delivering high growth, profitability and cash generation.
International Flavors & Fragrances Inc.: Initiation of Coverage – Business Strategy & Other Drivers
- This is our first report on International Flavors and Fragrances (IFF), one of the global market leaders in the production of cosmetic active and natural health ingredients for use in consumer products.
- The increase in sales in the quarter was driven primarily by double-digit growth in its pharma and nourish solutions divisions.
- In spite of its volatile market environment, IFF continues to execute its operational priorities for achieving strong bottom and top-line results.
International Flavors & Fragrances Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- International Flavors and Fragrances, commonly abbreviated as IFF, is one of the world leaders in the manufacture and distribution of cosmetic active and natural health ingredients for use in consumer products.
- In spite of its volatile market environment, IFF continues to execute its operational priorities for achieving strong bottom and top-line results.
- It also continues to progress against its portfolio optimization efforts, having completed successfully the divestiture of its Microbial Control business.
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