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Anshul Saigal of Saigal Capital suggests that while early monsoons generally benefit India, fundamentals drive the market beyond short-term weather impacts. He favors broader market opportunities over expensive, unprofitable stocks like Zomato. Saigal is positive on the CDMO space due to potential gains from the China plus one strategy, while being cautious on generic pharma exports to the US.
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Sagility India promoter entity Sagility B.V., backed by private equity firm EQT, has launched a Rs 2,671 crore offer-for-sale (OFS). The sale includes up to 15.02% of the companys equity, with a floor price of Rs 38 per share an 11.4% discount to the last closing price. The OFS opens for non-retail investors on May 27 and for retail investors on May 28. This marks the second major stake sale by the promoter after the Rs 2,106 crore IPO in November 2023.
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Goldman Sachs initiated coverage on Varun Beverages with a 'buy' rating and a target price of Rs 600, highlighting strong execution and long-term growth potential in India's underpenetrated ready-to-drink market. The brokerage expects VBL to continue gaining market share, driven by leadership in fast-growing segments like energy and hydration drinks. Robust financials and a resilient distribution network further strengthen the growth outlook.
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News and Media
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