Skip to main content

Ingersoll Rand

Ingersoll Rand India, a subsidiary of Ingersoll Rand USA, seems to be living up to the adage. In August 2005, Ingersoll Rand Company announced its intention to purchase the outstanding shares of its Indian subsidiary Ingersoll Rand India at a price of Rs 325 a share, but the investors refused to part with their shares then. According to sources, the company is likely to come up with a revised open offer at Rs 420 per share. The promoter already holds 74% stake in the company. Market watchers say that the company has close to Rs 550 crore in its balance sheet.

The news seems to be logical, as Ingersoll has been selling off its business for quite some time now. In the first half of FY08, Ingersoll Rand India sold off its road development business to Volvo India and its utility attachments and bob cats division to Doosan Infracore India, a subsidiary of Doosan Korea in Q2 of FY08. It is, currently, in the air solutions business, comprising of reciprocating compressors, centrifugal compressors and system components.
The company’s annual general meeting is scheduled for August 22 and whether this August is any better for the company than the one of 2005 is something we all will watch out for.

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Mutual Fund AUM Surge 35%

 Mutual fund assets surge 35% in fiscal 2024 to a new high. According to recent report from AMFI, fiscal 2024 turned out to be one of the best years for the domestic mutual funds industry as assets under management (AUM) spurted by nearly Rs 14 lakh crore to a record Rs 53.40 lakh crore as of March 2024 compared with Rs 39.42 lakh crore as of March 2023. Women comprised ~23% of the investors based on their share of the AUM and men ~77%, while individual investors comprised ~60% as against institutional investors ~40%. Equity-oriented fund categories gain on inflows and mark-to-market (MTM) gains. As Nifty 50 gained 33%, most of the AUM increase are from MTM gains. Passive funds growth was muted around 27% as compared to Active funds. Another key take away is investors' adoption of systematic investment plans (SIPs).   SIP continues to rise with monthly net inflows at Rs 19,300 crore in March 2024. For fiscal year 2024, the net inflows through SIPs stood at nearly Rs 2 lakh cro...