Fri, Jan 27, 2023 12:55 PM
Convertible bonds provide returns of more than 10%; lesser-risk to trade
A Flip by Bhavya Sabharwal
Pirojsha Godrej was fresh off the B-school in Columbia University when he assumed the mantle of executive director (ED) at Godrej Properties, the real estate development arm of the century-old business conglomerate. It was 2008, a year marked by the global financial crisis, and demand was at its nadir. The Indian real estate sector was grappling with the challenge of trust deficit.
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Technical analysts Mitessh Thakkar of earningwaves.com and Shrikant Chouhan of Kotak Securities, along with Soni Patnaik, AVP, Derivative Research, JM Financial Services share their top stock picks for the day. Buy for a target price of ₹1,130 with a stop loss of ₹1,000 Analyst: Shrikant Chouhan of Kotak Securities. Buy for a target price of ₹178 with a stop loss of ₹164.
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The Godrej family has agreed not to compete among themselves for six years except in the real estate business, following a split in the 127-year-old locks-to-land development group. After the non-compete period, they are free to venture into each other’s domain but not under the Godrej brand. Adi Godrej and his younger brother Nadir, as part of the family settlement agreement.
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