Tag: SEBI registered research analyst in India

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Dodla Dairy files IPO papers with SEBI, a public issue largely an offer-for-sale

Hyderabad-based Dodla Dairy Ltd has filed a draft red herring prospectus for the initial public offering (IPO) with the capital market regulator Sebi. The public issue comprises a fresh issue of equity shares worth up to Rs 50 crore and an offer for sale (OFS) of up to 1 crore equity shares by promoters and an investor. The OFS consists of 83 lakh equity shares by TPG Dodla Dairy Holdings Pte Ltd and up to 4.16 lakh equity shares by Dodla Sunil Reddy and up to 10.41 lakh equity shares by Dodla Family Trust and up to 3.27 equity shares by Dodla Deepa Reddy.

The company plans to utilise the net proceeds of the fresh issue towards repayment and/ or prepayment, in full or part, of certain borrowings availed by the company; funding capital expenditure requirements, and general corporate purposes. The company will join listed peers such as Hatsun Agro Products, Heritage Foods and Parag Milk Foods. Hatsun Agro Products has a price to earnings (P/E) ratio of 102.3 x while Parag Milk Foods has a P/E of 9.7x. ICICI Securities Ltd and Axis Capital Ltd are the book running lead managers to the issue, while KFin Technologies Private Ltd is the registrar.

For the six months ended on September 30, 2020, Dodla Dairy posted a profit of 74.7 crore while in the financial year, its profit stood at Rs 49.8 crore. India is the largest milk producer globally and milk production is growing at a healthy rate. Per capita availability (PCA) of milk in India has grown at 5.2% CAGR over FY15-19. According to the DRHP, even before a nation-wide lockdown was announced on March 24, 2020, many urban cities had ordered a closure of restaurants and public eateries to contain the spread of COVID-19. This created supply chain disruption temporarily up to June 2020.

The strengthening of the co-operatives model has aided the growth of the milk processing segment. a subsidy of Rs.4-5 per litre of milk supplied to the farmer by the co-operative dairies, has also encouraged new farmers to enter milk production, enabling co-operative organizations to establish a strong foothold of their brands. To counter this, private players like Nestle and Britannia are investing in differentiated products like high-quality tetra pack ultra-high-temperature processed milk (UHT) and flavored milk. These products sell at a 50-60% premium compared with milk sold in pouches and cater mainly to very health-conscious consumers.

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Petrol at Rs 89 in Delhi, inches towards Rs 100-mark in Rajasthan

Petrol and diesel prices on Monday were hiked for the seventh day in a row as a rally in international oil prices took retail rates in India to new highs.

Petrol price was increased by 26 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers.

This pushed retail rates, which differ from state to state depending on the incidence of local sales tax or VAT and freight charges, to their highest level.

The hike took petrol price in Delhi to a record Rs 88.99 per litre and to a highest-ever rate of Rs 95.46 a litre in Mumbai.

Diesel rate climbed to Rs 79.35 a litre in Delhi and to Rs 86.34 in Mumbai.

Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices.

In Sriganganagar town of the state, petrol soared to Rs 99.56 and diesel to Rs 91.48 per litre.

The Rajasthan government had late last month cut VAT on petrol and diesel by 2 per cent. Despite this, the state has the highest VAT at 36 per cent plus Rs 1,500 per kilolitre road cess on petrol. On diesel, the state levies 26 per cent and Rs 1,750 per kilolitre road cess.

Branded or additive mixed petrol on Sunday crossed Rs 100-mark at some places in states like Maharashtra and Madhya Pradesh.

Branded petrol at Sriganganagar was priced at Rs 102.34 a litre and similar grade diesel at Rs 95.15.

The main difference between regular and premium fuel grades is the octane number. Regular fuel has a lower octane number — 87, while premium fuel generally gets a 91 octane rating or higher.

Octane number is a measure of the ignition quality of fuel — higher the number, the less susceptible is the fuel to ‘knocking’ when burnt in a standard engine.

In seven straight days, prices have gone up by Rs 2.04 per litre for petrol and Rs 2.22 for diesel.

The relentless hike in prices has been criticised by the opposition parties including Congress that has demanded an immediate cut in taxes to ease the burden on the common man.

A six-hour bandh called by the party in Odisha affected normal life on Monday.

Oil Minister Dharmendra Pradhan last week had told Parliament that the government is not considering a reduction in excise duty to cool rates from their record highs.

Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.

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Where can I find the Best Advisory services in Stock Market?

What is advisory services in the Indian Stock market?

People always need advise, recommendations or tips in the stock market and they search for advisory services so services related to stock investments and stock trading are considered as advisory services. There are pelnty of companies providing stock market advisory services but it’s difficult to find reliable and genuine advisory company so read our blog in details in order to find out about reliable stock advisory company in India.

How to find reliable and genuine advisory company in Indian stock market?

There are hundreds of advisory companies in stock market and commodity market which are giving different types of services by different mediums but it’s difficult to find genuine and reliable advisory company. Main question is that after finding any advisory company, how reliable or genuine are they? Online business is full of cheaters too who just wants to cheat innocent clients by taking money from them. But we can identify that kind of fraud people easily. You should never believe on anyone providing advisory services without SEBI registration certificate. SEBI has come up with very good law to follow compliances for all entities who are in the business of stock market advisory services and clients have to be aware about that. Those who are registered will be afraid of cheating their clients because of the rules and regulations of SEBI.

Please refer to this link for keypoints on how to find reliable and genuine advisory company. https://www.eqwires.com/tutorials/which-is-reliable-tips-provider-in-the-stock-market/#intraday-tips2

Which is the best stock advisory company in India?

Best services are meant to be consistent and quality services which gives good growth in capital. Best doesn’t mean that you will never get a loss but best advisory services mean you are getting full support and quality services on time. If a client getting overall good profit on monthly and quarterly basis, it’s called best service. One has to understand that nobody is God in this market and those who pretend to be God or Operator of this market are nothing but disguised thieves who just want to make you fool. Good results come with lot of experience and analysis. It never comes through miracles. So never believe on those who just claims big and lucrative promises like 500% to 1000% returns in intraday and all.

Eqwires which is the best stock advisory company in India and in Top 10 SEBI registered stock advisory company in India is purely focusing on clients’ satisfaction with maximum client retention ratio. Our services are very clear and well defined where no false commitment or lucrative schemes are there. We just commit what we can deliver and we have delivered in last few years. Our team are well experienced and they have grip on market movement so they can minimize risk by predicting market direction on time. Eqwires has been always in a list of top 10 stock advisory company in India.

Which are Top 10 SEBI registered stock advisory company in India?

There are plenty of firms/companies/individuals who are into the business of stock market advisory services and it’s difficult to find top 10 amongst them because names/quality/efficiency are changin frequently with the movement of markets. Few are best in Equity delivery and few are best in F&O but the most important thing is who delivery consitent support and good results. At Eqwires, we purely focus on delivering high quality services with consistent support and that’s the reason why Eqwires is Top rated SEBI registered stock advisory company in India. Our constant endeavour to deliver best results in trading and investment making Eqwires the Best stock advisory company in India.

Who are Most successful stock advisors in India?

Success doesn’t happen overnight but it happens day by day with forward progress so to be Most successful stock advisors in India, it takes years and at Eqwires, we constantly monitor our efficiency and quality of trades which we are providing to our customers. Eqwires is undoubtedly Most Successful and best stock advisory service in India because of highest client retention ratio and minimum complaints ratio in this market despite of having large number of clients. Eqwires is a No 1 Stock advisory company in India.

Which is Best stock advisory service in India?

Eqwires provides Best stock advisory service in India and Best paid stock recommendation sites in India which provides best stock trading recommendations, Best intraday trading tips, Best stock tips, BTST STBT trading tips, Best Investment advice and many more. We have high qualified research team to do in-depth analysis about stock market activities and provide best share trading recommendations. Eqwires provides Best stock advisory service in India and Best Stock recommendation service in India.

Eqwires Research Analyst

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