As flows into mid- and small-cap schemes in January showed a sharp jump, mutual funds made fresh purchases in companies that enjoy brand dominance, and have costs under control in industries with firm demand growth. Fund managers have shown high inclination towards investing in operationally wellplaced mid-and-small-sized companies in January. Here are a few prominent companies which generated high interest from fund managers during the month: The Ramco Cements Bought by: Axis MF CMP: Rs 779 M-cap: Rs 18,348 crore In January, cement prices rose close to Rs 10-20 per 50-kg bag in Andhra Pradesh, Telangana and eastern markets YoY. This increase in prices has transpired after a gap of eight months. This served as a good trigger to enhance exposure to the stock of The Ramco Cements which sells cement in the aforementioned regions. Ramco Cements should benefit from cost control, stable volume growth. Quess Corp Bought by: Franklin Templeton MF CMP: Rs 579 M-cap: Rs 8,540 crore Quess … [Read more...] about Mutual fund managers buy small- & midcap stocks
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Low-cost carrier SpiceJet has appointed Publicis Groupe-owned ad agency Leo Burnett India as its creative partner for integrated marketing communications. The account size is pegged at over Rs 4 crore, industry sources told Brand Equity, and was won after a pitch with 6-7 advertising agencies. The account was previously handled by Delhi-based Magic Circle.Debojo Maharshi, chief marketing officer, SpiceJet, told BE, “In today’s hyper-consumption age, it is critical that we partner with an agency which can not only think with speed and agility but create integrated solutions which will help us connect with our audience at multiple platforms and touchpoints.”Speaking about the account win, Dheeraj Sinha, MD, Leo Burnett India, said, “An airline brand gets built at multiple touchpoints right from ticket bookings to check-ins to inflight experiences.”They added that the agency's data led approach will help the company build a stronger brand narrative across … [Read more...] about SpiceJet ropes in Leo Burnett for integrated marketing
By Amit Bansal & Adrija SenguptaIndia is steadily moving towards complying with its climate change commitments under the Paris Agreement (COP21). It has launched the world’s largest renewable energy expansion regime to provide cheap, reliable and clean energy to its 1.35 billion people and aims to achieve a capacity of 175 GW of renewable energy by 2022. As of 31 October 2017, India has a total installed power generation capacity of about 332 GW. Of this, renewable power capacity is only about 61 GW, which is a mere 18.4%.India’s ambitious targets have however received the required impetus from the falling capital costs for setting up renewable projects, along with various incentives that are being offered by the Government to promote the use of renewable energy resources such as generation-based incentives, fiscal incentives such as accelerated depreciation, capital and interest subsidies, viability gap funding, concessional finance, to name a few. Risk and challenges … [Read more...] about Insight: Is renewable energy more susceptible to fraud risks than other infra projects?
By Jimmy Patel India is the second-largest consumer of gold globally with an annual demand of approximately 800-900 tonnes. By tradition and culture, in India, gold has always been looked at as eternal wealth and is symbolic of Goddess Lakshmi. Besides, in the hearts of millions of Indians, gold has always carried high emotional value, as it is passed down to generations and strengthens family bonds. Graph: Gold displayed sheen in 2019 In the year 2019, gold clocked an absolute return of around 24% in Indian rupee terms, outperforming the returns clocked by Indian equities. Price per 10 gram of gold ended at Rs 39,076 as on December 31, 2019. The investment demand for gold also rose, with inflows reported by gold ETFs and folios. The AUM of gold ETFs surged to Rs 5,678 crore in December 2019 from Rs 4,571 crore in December 2018. Nevertheless, India’s gold imports fell to a three-year low as elevated prices proved to be a deterrent. According to a government source speaking … [Read more...] about Will gold continue to shine in 2020?
Filling vacanciesStressing the need for filling critical vacancies, including that of lab technicians, the draft suggests a series of structural changes to enable department veterinarians to spend more time on disease-control measures and interaction with farmers. … [Read more...] about Restructuring of Animal Husbandry dept. on the cards