In today’s briefing:
- S&P BSE Indices (SENSEX Family): Quiddity Leaderboard for June 2022 Rebalance
- Aurobindo-Veritaz Acquisition: No Justice
- Channel Insight #30 – Kajaria, Indigo Paints, Finolex Pipes
S&P BSE Indices (SENSEX Family): Quiddity Leaderboard for June 2022 Rebalance
- The S&P BSE family of indices represents the performance of stocks listed on the Bombay Stock Exchange (BSE) across various sizes, themes, industries, and strategies.
- This series will mainly focus on the following indices of the S&P BSE family: S&P BSE 500, S&P BSE 200, S&P BSE 100, and S&P BSE SENSEX.
- In this insight, we take a look at the leading candidates who could become Adds/Deletes during the June 2022 Semi-annual Rebalance.
Aurobindo-Veritaz Acquisition: No Justice
- On Monday, Aurobindo Pharma (ARBP IN) had announced the acquisition of the branded generic business and certain assets of Veritaz Healthcare Limited for a cash consideration of INR 1.7 bn.
- It should be known that Veritaz is a promoter group entity, which is why acquisition will fall within the scope of Related Party Transactions.
- Being a promoter company and having had some red flags in the past such as negative net-worth, continuous loss making nature, etc. The cash consideration looks questionable.
Channel Insight #30 – Kajaria, Indigo Paints, Finolex Pipes
- We speak to channels of Kajaria Ceramics (KJC IN) , Indigo Paints (INDIGOPN IN) & Finolex Industries (FNXP IN) to understand the current operating environment.
- For Kajaria Ceramics (KJC IN) volume outlook is cloudy. Paint customers are opting for some down trading but within organised players only.
- Improved product quality at competitive price is aiding Finolex Industries (FNXP IN) to gain some market share.
Before it’s here, it’s on Smartkarma
