Business Samachar

  C0lorbar Cosmetics will open 100 new stores  in the Western region Colorbar celebrates its stellar Beauty Advisors in Mumbai with Mr. Samir Kumaar Modi, Founder and Managing Director, Colorbar Cosmetics,  and the winners of Femina Miss India 2023. Posted by: NILESH WAGHELA   Mumbai: Colorbar Cosmetics, one of India’s leading cosmetics brands, is pleased to announce its retail expansion plans for Maharashtra, one of the most significant markets in the West region of India. With an extensive presence across 200 cities in India, Colorbar aims to strengthen 100 new stores in the in the West region, out of which 78 will be in Maharashtra, which is a testament to its unwavering dedication to broadening its reach across the country. The brand is set to expand its reach to 20 more cities in India in 2023, with Mumbai, Pune, Nashik, Amravati, Nagpur, and Kolhapur leading 50% of the expansion.  Speaking on the subject, Mr. Samir Kumaar Modi, Founder and Man...

Mankind Pharma surged 20% on market debut Posted by NILESH WAGHELA Mumbai: Mankind Pharma Ltd surged 20% on its stock market debut. Global brokerage firm Macquarie initiated coverage with an "outperform" rating ahead of its listing, citing sales outperformance and improved productivity as growth drivers. Mankind Pharma got listed at 20% premium to the IPO price. The primary market saw an IPO hitting after a long gap, thus the interest was high.  Moreover, the healthcare sector was a laggard over last one year but started seeing traction over last two months as the monthly pharma data showed improvement.  Thus, Mankind Pharma received good response from its anchor clients given its domestic-focused business with strong brand recall in both chronic and consumer healthcare segment. Given its healthy financial track record, domestic focus and extensive network, Mankind is likely to continue doing well. - Hemang Jani, Head of Equity Strategy, Motilal Oswal Financial Services, said...

What will be the next move  of the market? Posted by : NILESH WAGHELA   The bulls were stunned and the bears rejoiced by the sudden and unexpected blow of a report that feared a possible side effect that  HDFC and HDFC Bank's merger may result in outflow of around $150-200 million. Now the question is, will Nifty slip below 18,000?...and what will be the next level? Benchmark indices NSE Nifty and BSE Sensex ended the last trading session of the week deeply in the red, dragged by HDFC twins. The NSE Nifty 50 crashed 186.8 points or 1.02% to 18,069.00 and BSE Sensex tanked 694.96 or 1.13% to 61,054.29.  In sectoral indices, Bank Nifty plunged 1,024.25 points or 2.34% to 42,661.2 and Nifty Financial Services 455.5 points or 2.34% to 19,023.85. The top gainers on Nifty 50 were Titan, Maruti, UltraTech Cement, Nestle and Apollo Hospital while the losers were HDFC Bank, HDFC, IndusInd Bank, Hindalco and Tata Steel. Let's check what experts say about future possibilities f...