In today’s briefing:
- Ruchi Soya Placement – Almost Akin to a Relisting
- Channel Insight #29 | AU Bank, Kajaria, APL Apollo, Blue Star
Ruchi Soya Placement – Almost Akin to a Relisting
- Ruchi Soya Industries (RSI IN) is looking to raise up to US$560m via a follow-on public offer.
- The deal is almost akin to a relisting, as the free float was just at 1% prior to this deal.
- Given the tight float, instead of discussing its track record , we will discuss the timeline of events leading up to the deal, past performance and undertake a peer comparison/valuation.
Channel Insight #29 | AU Bank, Kajaria, APL Apollo, Blue Star
- We spoke to channels associated with AU Small Finance Bank Limited (AUBANK IN) , Kajaria Ceramics (KJC IN) , Apl Apollo Tubes (APAT IN) & Blue Star Ltd (BLSTR IN)
- Small Business Loan growth is slowing at AU, some down trading due to price increases seen in Kajaria
- APL is getting hurt by cheaper alternatives, Blue Star channels are cautiously optimistic about the upcoming Air Conditioner season.
Before it’s here, it’s on Smartkarma
