Broker’s call: Paytm (Reduce)

[ad_1] Target: ₹300CMP: ₹341.80We initiate coverage on One97 Communications (OCL-Paytm) with Reduce. Following the recent regulatory salvo, the stock has corrected about 55 per cent (about 80 per cent from its post-IPO peak in Nov-21), echoing the expected business/revenue dislocation...

Inox Wind board approves 3:1 bonus share issue

[ad_1] Inox Wind (IWL) on Thursday announced that its Board of Directors has proposed the issuance of bonus shares of 3:1 (three bonus equity shares for every one existing equity share) out of the company’s accumulated reserves.The bonus shares shall be issued to the...

Broker’s call: Honasa Consumer (Buy)

[ad_1] Target: ₹500CMP: ₹438.70Honasa Consumer, in a journey to gain scale in the Indian Beauty market, has built ‘The Derma Co’ — their second profitable brand, with ARR of ₹500 crore+. The Derma Co, launched in 2020, offers science-backed products...

Sharechat raises $49 mn in debt financing round, valuation drops 60%

[ad_1] Google-backed homegrown social media firm Sharechat has closed a $49 million debt financing through convertible debentures from existing investors-Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest, amongst others.The company’s valuation has fallen by over 60 per cent to...

Star Air focuses on network expansion and cargo business to achieve profitability in FY25

[ad_1] Star Air, a regional airline celebrating its fifth year, aims for a profitable FY25 despite falling short of its FY24 revenue target of Rs 700 crore. Delayed aircraft deliveries impacted capacity and revenues. While specific profit figures weren’t disclosed,...