Daily BriefsIndia

India: Tata Power, KEI Industries, Mahindra & Mahindra and more

In today’s briefing:

  • NIFTY Quiddity Leaderboard Sep 2022: June Trades Successful; More to Come
  • KEI Industries Ltd- Forensic Review
  • Mahindra & Mahindra – New Model Scorpio-N Unveiled at Competitive Pricing

NIFTY Quiddity Leaderboard Sep 2022: June Trades Successful; More to Come

By Janaghan Jeyakumar, CFA

  • In this insight, we take a look at the names leading the race to become ADDs/DELs for the NIFTY 50, 100, and 500 Indices for the September 2022 Rebalance.
  • With only one month left in the reference period, most changes for the NIFTY 50 and NIFTY 100 Index seem to be high-conviction index changes.
  • In addition, I have discussed some trading opportunities with interesting potential index flow dynamics.

KEI Industries Ltd- Forensic Review

By Nitin Mangal

  • Kei Industries (KEII IN) has become a well known player in the cable industry.
  • However, if we look at the financials, there are several areas which catch attention as far as forensic checks are concerned.
  • Some of the key forensic takeaways include effect of mis-statement of cash flows, increase in receivables, change in inventory valuation, significant contingent liabilities etc.

Mahindra & Mahindra – New Model Scorpio-N Unveiled at Competitive Pricing

By Emkay

  • Scorpio-N manual transmission is priced competitively at Rs1.2-1.9mn for petrol versions and Rs1.25-1.95mn for diesel versions.
  • It is built on the new 3rd generation body-on-frame platform and has no carryover components from Scorpio Classic.
  • The petrol engine generates 149KW of power and 380NM of torque.

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