In today’s briefing:
- PTC India Financial Services: Resigned Directors Go All Guns Blazing
- NIFTY50 Index Rebalance Preview: Two Potential Changes in March
PTC India Financial Services: Resigned Directors Go All Guns Blazing
- 3 Independent Directors of PTC India Financial Services (PTCIF IN) have resigned from their positions.
- The Company shows a pattern of poor Corporate Governance and Management has done little to resolve these issues.
- The shoddy governance practices range from appointment process of the CFO to the opaque barrier of communication between the management and the rest of the board.
NIFTY50 Index Rebalance Preview: Two Potential Changes in March
- The review period for the March rebalance of the NIFTY Index (NIFTY INDEX) ends 31 January. We see 2 potential changes at the rebalance which should be announced end February.
- There is a high probability of Apollo Hospitals Enterprise (APHS IN) replacing Indian Oil Corp (IOCL IN), while there is a lower probability of Info Edge India replacing Coal India Ltd.
- The impact on the stocks is between 3-9 days of ADV, while the impact increases to between 9-22 days of delivery volume.
Before it’s here, it’s on Smartkarma
