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India Today
2 days ago
- Business
- India Today
Did Coforge shares crash 80% today? Here's all you need to know
If you opened your trading app and saw Coforge shares tank nearly 80% on Wednesday, don't panic. This steep fall wasn't a result of a market catastrophe but rather a planned stock IT midcap player went through a 1:5 stock split, which means one equity share with a face value of Rs 10 now equals five shares, each with a face value of Rs 2. It's noteworthy that this is Coforge's first stock split since its listing in might have initially mistaken this adjustment for a loss. Despite the apparent drop, the stock actually opened higher at Rs 1,720.05 on Wednesday, with a 0.60% increase. It was up 1.4% on the BSE at 12:18 STOCK SPLIT The split is designed to enhance liquidity and make the shares more reachable for retail reported a 34% year-on-year rise in net profit, reaching Rs 261.2 crore for Q4FY25. Though revenue came in slightly below estimates at Rs 3,409.9 crore, its operating margin stood at a robust 13.2%. Moreover, the company declared an interim dividend of Rs 19 per share. Analysts had mixed reactions; some upgraded to 'hold', whereas others maintained a 'buy' rating while adjusting target is bullish about its growth trajectory, relying on mega deals, AI-led digital transformation, and improved margins for momentum. These strategies are pivotal for robust growth across its business Broking maintains a cautious optimism, noting, "While near-term conditions may mildly impact key sectors, we have marginally reduced our estimates by 1-3 percent and adopted a conservative view on margin expansion," while keeping a 'buy' rating with a revised target price of Rs 10, workforce increased by 403 employees while attrition decreased to 10.9% in Q4FY25. Utilisation rates have also improved, reflecting the company's strategic focus on operational efficacy. These indicators support its positive outlook for continued growth and adaptability in the changing market landscape.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
India Today
3 days ago
- Business
- India Today
Retail gets personal: How brands are fast learning what you want
Retail is transforming fast with 'phygital' and 'omnichannel' as buzzwords, allowing customers to order online, pick offline and vice versa. The trend was discussed in the panel discussion 'Brick & Mortar in a Digital World: Retail's Road Ahead' at the recent Indo-UAE Conclave 2025 in Dubai, organised by the India Today Group, where speakers analysed the strengths of physical stores and how digital is being used to augment those benefits while bringing in cost and inventory optimisation for Teckchandani, CEO of the UAE-based fashion and retail conglomerate Apparel Group, said each of the retailers today is in the world of omnichannel or what is now called connected Group today has close to 2,400 stores across 14 countries, of which roughly 1,900-plus are within the Gulf Cooperation Council (GCC), besides a large e-commerce business, 'It's no longer digital versus physical, but about how you catch the consumer,' Teckchandani the consumer journey starts with digital. Around 75 per cent of the time, the customer has already done all the research or looked at the product online. And then, the transaction may end up at the retail store—or not. This allows the flexibility to buy online but refund or exchange at the store, or vice versa, he says. Apparel Group has also ventured into quick commerce, wherein they are offering 60-minute delivery and using their network of 1,900 retail stores as fulfilment centres for online Markose, CEO, international business, Titan Company Limited, shared how digital commerce is rising in India but offline had its own critical mass. Sharing an example, he said when they acquired CaratLane in 2016, it was an online company with about Rs 600 crore in revenue, of which 99.5 per cent came from online crossed Rs 4,000 crore last year. And from 99.5 per cent, revenue online has dropped to just 8 per cent, with in-store revenue now contributing 92 per cent. 'Today, the sweet spot is in the middle. You can't just be digital, and you can't just be a traditional physical company—you've got to be in both spaces,' said key thing is that in every category, there's a price point below which people are very comfortable buying online. So in India, for watches, it's about $40—anything below that, people are happy to buy online; anything above that, they prefer to see it in stores. In jewellery, that threshold is around $200. This varies from category to category, he leveraging technologies like AVRs or artificial intelligence, Teckchandani said brands are building 'stores of the future', which offer full experience and digital transformation for customers at the store level. For instance, they have installed smart mirrors at their Tommy Hilfiger store and have a phygital store established in Dubai Hills Mall—the first in the region. This includes mobile point of sale and frictionless checkout. Even the loyalty programme is offered through a mobile app instead of a plastic said Teckchandani, are also being used to improve backend operations. These include a lot of digital tools which are used for store transfer optimisation, markdown optimisation, price optimisation and allocation optimisation. 'All of these ensure the product is where it should be and where the consumer is—creating a positive customer journey by ensuring that you carry the best SKUs (stock keeping units) in the same store.'advertisementMarkose said the India and UAE markets have been closely linked for a long time. Commerce and trade between the Middle East and India began 2,000 to 4,000 years ago with the spice trade between the Arabs and a result, the Middle East was their first preferred destination to take the Tanishq brand outside India, due to the large Indian diaspora. But they had to adapt it to suit the retail market in the Middle East. For instance, the store formats there are much smaller than in India, some of their stores are 30,000 sq ft—that size and scale doesn't work in the UAE. Another aspect was that jewellery sales in the UAE is very transactional. The levels of customer service that Tanishq provides in India were not really the norm here. Even something as simple as seating in the stores was uncommon as consumers usually walk in, do the deal, and walk of the things Markose pointed out was that retail has moved from a time when there were limited choices to now, where there is an overwhelming abundance. 'Consumers sometimes struggle with what to pick. So, the game is shifting toward personalisation,' he said, adding that the question now is: how do I know you as an individual? How do I know what you're interested in, what you've purchased? How do I build a relationship where I can predict what you're likely to be interested in? For instance, in Tanishq, which offers around 60,000 different SKUs, how do we figure out and present the few products that you will actually like?Subscribe to India Today Magazine
India Today
23-05-2025
- Business
- India Today
What makes venture capitalists bet big money on Indian start-ups?
Raising investment money is a theme that keeps entrepreneurs awake at night—a central point of discussion during the session 'Seeding Tomorrow: Big Ideas, Smart Capital' at the recent Indo-UAE Conclave 2025 organised by the India Today Group in Kumar, chairman of BharatPe and former chairman of the State Bank of India, highlighted how 'international capital, in particular, doesn't go anywhere for the love of that country'. 'It goes where it can earn a decent return—or rather, the best return—compared to any other opportunity,' he unpacked the term 'smart capital' as capital that not only spots opportunities and takes risks (as venture capitalists are known to do) but also blends entrepreneurship and young energy with seasoned experience. 'People with grey hair—or no hair,' he quipped, are essential to this mix. 'If you have a blend of experience, youthful energy, and fresh ideas—especially those solving real problems—then there are good returns to be made.'Kumar stressed that each venture capital (VC) fund has its own investment philosophy, which influences the sectors it focuses on. Some venture capitalists take a long-term view, examining governance structures, founders and institutional history before making bets. Others chase quick returns, looking for short-term gains. He elaborated on the key factors venture capitalists consider before investing in a start-up: the probability of the venture and how the company will be run and governed. Here, he noted, experienced leadership plays a crucial role in preventing governance pitfalls—something that has plagued a few Indian start-ups in recent there is a different type of capital on the demand side and a different type of company on the supply side. You have to match your investment philosophy with the opportunities available,' he Balachandran, executive chairman and CEO of Buimerc Corporation, shared his own philosophy of 'permanence', wherein he looks for democratic markets and institutions that reflect those values. His first investment in India was in the Bombay Stock Exchange, which grew from a market cap of Rs 2,000 crore to over Rs 1 trillion in just 15 also addressed the idea of risk, calling it 'a clichd and often misunderstood concept'. According to him, India's true potential isn't defined by currency values but by the scale and energy of its 1.4-plus billion identified banks and financial institutions as key sectors for both revenue generation and long-term wealth creation. He described them as a 'multi-tiered growth opportunity'—not limited to new-age or nationalised banks but spread across the entire sector. 'Every institution in that space is an explosion of wealth waiting to happen,' he said.'I've started accruing [investments] in this space, and my accrual process takes a few years. But I've begun—with SBI as my first, and LIC (Life Insurance Corporation of India) as my second. These are the kind of big opportunities I'm looking at.'advertisementSubscribe to India Today MagazineMust Watch
India Today
21-05-2025
- Business
- India Today
Can Sensex hit 1,00,000 in 12 months? Here's what Morgan Stanley says
Is the Sensex on its way to 1 lakh? Global brokerage Morgan Stanley believes the possibility is real—at least in its most optimistic outlook. In a new equity strategy note, the firm has revised its base case target for the benchmark index to 89,000 by June 2026, and projects that it could touch 1,00,000 in a bull case scenario, assigning a 30% probability to that new Sensex June 2026 target of 89,000 (8% upside) bakes in our new earnings estimates and is also rolled forward from the December 2025 target of 82,000,' said Ridham Desai, Morgan Stanley's chief equity strategist for India. The new target implies a trailing P/E of 23.5x, higher than the 25-year average of 21x, a premium Desai attributes to strong confidence in India's medium-term growth cycle, low beta, and policy Stanley's base case scenario (50% probability) factors in robust domestic growth, a benign trade deal with the US, stable oil prices, a positive liquidity environment, and a gradual 50bps cut in short-term interest rates. It also assumes continued support from retail investors, no major bunching of share issuances, and a 16.8% compound annual growth rate in Sensex earnings through The bull case, where the Sensex hits 1 lakh within the next 12 months, rests on more aggressive assumptions: oil prices persistently below $65/barrel, progress on farm reforms, GST rate cuts, and CAGR of 19% in corporate earnings. Relief from global trade tensions would further fuel this scenario.'Despite all the events of the past two months, Indian stocks remained orderly even when they declined, with limited increase in implied volumes,' Desai noted, highlighting persistent retail buying as evidence of structural strength in Indian foreign institutional positioning in Indian stocks is the weakest it has been since 2000, but Desai sees signs of a shift in terms of portfolio strategy, Morgan Stanley is overweight on financials, consumer discretionary, and industrials, while being underweight on energy, materials, utilities, and healthcare.'This is likely to be a stock pickers' market, in contrast to the macro-driven cycles seen since the pandemic,' Desai said, adding that the firm is capitalisation-agnostic, with average active sector positions modest at just 80 basis India's structural story intact, inflation largely under control, and policy visibility steady, the drawdown since September 2024 is being viewed not as a warning sign—but as a buying opportunity.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Tune InMust Watch
India Today
19-05-2025
- Business
- India Today
India Today Sikkim@50 Conclave set to capture Himalayan state's highs
On May 22, the verdant hills of Sikkim will echo in spirit through the corridors of the Hyatt Regency, New Delhi, as the India Today Group hosts a landmark initiative, the State of the States Conclave: Sikkim@50, to celebrate five decades of the tiny Himalayan kingdom's merger with the Indian event will not just be a commemoration of these 50 years but a celebration of Sikkim's extraordinary journey—from a princely state to a national exemplar in organic farming, education, sustainable tourism and conclave promises a day-long deep dive into the state's social, political, ecological and cultural evolution, told through stories of perseverance, policy, people and place.'This is going to be a special event. We all look forward to its success.' These words from Sikkim's chief minister Prem Singh Tamang, capture the mood—not just of the state's leader but its people whose progress speaks louder than words. Tamang will set the tone of the conclave with the keynote address 'The Glorious Journey and the Illustrious Road Ahead', offering both reflection and THE ROOTS, MAPPING THE HEIGHTSBefore that, the event will open with a welcome address by Raj Chengappa, India Today group editorial director. After Tamang, former Indian foreign secretary Harsh Vardhan Shringla, who hails from the Northeast, will offer a geostrategic overview of Sikkim—as a tranquil but critical vantage point, both diplomatically and the conversation shifts to education, expect stirring words from Raju Basnet, the state's education minister, and Prof. (Dr) Ashis Sharma, vice-chancellor of Sikkim University. Together with educationist Sony Virdi, they will explore how Sikkim has turned its Himalayan terrain into a classroom of innovation as well as a refuge for young minds seeking meaningful LOCAL GRIT, GLOBAL VISIONAfter noon, the spotlight will turn to business—the heartbeat of modern Sikkim. From Rewaj Chettri, the dynamic founder of NE Taxi and currently officer on special duty for skill development, to Vipul Gupta of Cipla and Raj Lama of the Sikkim Entrepreneurship and Economic Development Cell, the conclave will shine a light on small and medium enterprises carving global identities from the Kajal from the Department for Promotion of Industry and Internal Trade (DPIIT) and M. Ravikumar from the industries department of Sikkim will offer a policy lens, proving that when government support meets grassroots grit, the Himalayan region can hum with FROM A NATIONAL PERSPECTIVEThe 'Bird's Eye View' session will see both Houses of Parliament represented, by Indra Hang Subba (Lok Sabha) and D.T. Lepcha (Rajya Sabha), alongside academic stalwart Prof. Vimal Khawas of Jawaharlal Nehru University (JNU) and bureaucrat Sandeep Tambe. They will offer a panoramic view of Sikkim's national significance and its quiet leadership in fields often ICONS AND VOICESThe very next session, mapping Sikkim's years in the Indian Union, will be a compelling blend of political insight and policy futures. With Sikkim legislative assembly speaker Mingma Norbu Sherpa and veterans such as Prof. Mahendra P. Lama, the session promises to be both academic and what's a story of Sikkim without its most iconic ambassador? Football legend Bhaichung Bhutia will grace the stage to reflect on 'Sikkim's Sporting Spirit: From the GOAT'—narrating how a small state raised a giant of Indian comes a segment close to the state's heart—'Empowering Voices'—featuring an eclectic group: from mountaineer Manita Pradhan to handicraft entrepreneur Sernya Palmo and Rinzing Choden Bhutia, founder of Agapi Sikkim. Here, stories of courage, craftsmanship and community will come alive, painting Sikkim not as a statistic but a DREAMS AND FOREST WISDOMFew Indian states command as much global respect for ecological responsibility as Sikkim. The closing afternoon session, 'Green Governance', will bring together agriculture minister Puran Kumar Gurung, forest secretary Pradip Kumar, environmentalist Swapan Mehra and the famed 'Kiwi Man' Budha Singh combined narrative will show how policy, community will and indigenous wisdom created a rare balance—one where development and nature final word will likely be from the Centre. Sukanta Majumdar, Union minister of state for DoNER (Development of North Eastern Region), will deliver a special address on 'India in Harmony', reflecting on how Sikkim's journey reflects the broader story of India—diverse, determined and deeply democratic.A JUBILEE: NOT JUST OF YEARS BUT IDEASAs the event winds down with high tea, it will also symbolically raise a toast to Sikkim's 50 years in the Indian Union—a half-century not marked by assimilation but by collaboration, one where the distinctive culture, governance ethos and geography of Sikkim have only enriched the Indian fabric. Fifty years ago, Sikkim's future in the Indian Union was an experiment. Today, it's an exemplar. On May 22, in Delhi, that exemplar will resonate loud and to India Today Magazine
