Connect with us

Business

Lovable Lingerie’s dream run on as traders lap it up

Published

on

ET Search
MUMBAI: Lovable Lingerie is the third-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat the performance of Page Industries, sellers of Jockey innerwear.

It gained a third in about a week. But the small float and low delivery volumes is an alert against wagering on it for some who fear it may have risen beyond its fundamentals when many other newly-listed companies are trading below their sale price.

“The rally in Lovable Lingerie is more a momentum play with hardly any genuine interest,” says Sharad Rathi, associate director at Almondz Global Securities.

“The valuations seem to be a bit out of whack.” Lovable that sold shares at Rs 205 apiece, has risen 109% to Rs 428.5 on Friday after touching a high of Rs 462.50. Some of the top shareholders include HDFC Mutual Fund, SBI Funds, UTI Asset management and Fidelity, filings show.

Advertisement

Total outstanding shares of the firm is at 1.68 crore and public holding is about 50 lakh shares. The Sensex was down 2.6% during the period and the BSE IPO index was up 1.6%. Fineotex Chemical and C Mahendra Exports are the two companies that have returned more than Lovable, among this years’ IPOs.


The stock trades at 31 times forecast earnings for fiscal 2012, compared with Page Industries’ 27 times its earnings. Although the stock had been among the top traded in the last few days, gaining to limit on some days, the number of shares that changed had remained negligible. The quantity of shares actually changing hands — was in single digit for many days.
The delivery ratio was 2% to 9% between June 10 and 17 when the stock moved up 33% on BSE, exchange data show. This follows the performance of Page Industries which has gained 396% since its IPO in March 2007. Shares that were sold at Rs 396 apiece are trading at Rs 1,784. “Rising disposable incomes and growing awareness about personal hygiene are boosting growth of the innerwear market in India,” said Anand Rathi Secutities in a recent report. “Also enhancing this growth is the rising modern trade malls, shopping complexes etc,” said the brokerage which has a target price of Rs 430.

The Mumbai-based company’s Rs 93-crore IPO drew good response with it getting subscribed 21.8 times the institutional portion, 98.5 times among wealthy individuals and 20.5 times in the retail category. Rise in raw material prices and intensifying competition are the two risks for earnings growth, the report said.

Add ET Logo as a Reliable and Trusted News Source



Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Meesho shares drop 4% after block deal worth Rs 900 crore. Should you buy the dip?

Published

on

Meesho shares drop 4% after block deal worth Rs 900 crore. Should you buy the dip?
Meesho shares fell nearly 4% on Wednesday, giving up part of Tuesday’s sharp gains. The decline came as a large block deal worth around Rs 900 crore was reported on the BSE.

As many as 3.86 crore Meesho shares changed hands in a block deal at Rs 233 apiece, taking the total value of the transaction to Rs 899.71 crore, ET Now reported.

Meesho shares dropped to an intraday low of Rs 230.94 apiece on the NSE in morning trade, a day after surging nearly 10% after brokerage firm UBS raised its target price on the stock by 24% to Rs 260.

Why UBS is bullish on Meesho share price

UBS maintained its ‘Buy’ rating on the shares of Meesho, and said its target price hike reflects higher medium-term growth estimates and a stronger margin trajectory. While the international brokerage’s FY27 estimates are largely unchanged, it raised its FY29-31 Net Merchandise Value (NMV) estimates by 7-18%, with a similar increase in contribution profit estimates and a 20-40% increase in EBITDA estimates.
Also read | Meesho shares rally after UBS hikes target price by 24%. What’s keeping analysts bullish?

Advertisement


Higher NMV forecasts reflect the continued flywheel from sellers (+81% YoY to 1.04 million in Q1FY27), buyers (+29% YoY to 274 million), coupled with rapid expansion in SKUs and logistics partners, UBS said. It added that the larger increase in EBITDA reflects a stronger medium- term margin trajectory, driven by improving ads monetisation and logistics economics.
“Meesho’s focus on value commerce in a low income yet digitally savvy market like India opens a sizeable growth opportunity,” UBS concluded.

What other brokerage say about Meesho share price

Ventura Securities last month initiated coverage on Meesho with a ‘Buy’ call and a target price of Rs 278 apiece. For Meesho, Ventura said India’s e-commerce market is entering a structural growth phase, helped by internet penetration, digital payments and online retail adoption across Tier II, Tier III and rural India. The brokerage said Meesho has built itself as a leading value-commerce marketplace, serving over 274 million annual transacting users and more than 9.61 lakh sellers through a zero-commission, asset-light platform.

CLSA, however, maintained its ‘Underperform’ rating and target price of Rs 150 apiece earlier this month, saying that the stock already reflects overly optimistic expectations for advertising revenue, order growth and logistics savings.

Also read | Bajaj Finance shares jump 3% after UBS upgrades to Neutral, hikes target price while Jefferies screams Buy

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Advertisement
Continue Reading

Business

(VIDEO) 10 Things You Must Know About the Upcoming Motorola Signature 27 Flagship Smartphone Global Launch

Published

on

10 Things You Must Know About the Upcoming Motorola Signature

Motorola unveiled its next flagship smartphone, the Signature 27, at Qualcomm’s Snapdragon Summit this week, positioning the device as what the company calls the most advanced smartphone it has ever created. Here are ten things to know about the upcoming phone ahead of its expected launch later this year.

First, the Signature 27 is one of the very first smartphones announced with Qualcomm’s new Snapdragon 8 Elite Extreme Gen 6 chipset, the company’s first mobile processor built on a 2-nanometer manufacturing process. The Signature 27 shares that distinction with the Xiaomi 18 Pro Max, both unveiled alongside Qualcomm’s chip announcement at the summit. Motorola says the new chipset delivers flagship-level performance alongside significantly more powerful on-device artificial intelligence, gaming and camera capabilities than previous generations.

Second, the Signature 27 introduces a new naming convention for Motorola’s top-tier device lineup. Rather than continuing with a traditional numbered sequence, the company will now name each new Signature model using the final two digits of the coming year, meaning the Signature 27 is positioned as a 2027-era flagship despite launching before the end of 2026. The device serves as the second generation of the Signature line, following the original Motorola Signature, which launched earlier this year running on Qualcomm’s step-down Snapdragon 8 Gen 5 chip rather than a true flagship processor.

Advertisement

Third, the phone’s design has drawn immediate attention for its unconventional appearance. The Signature 27 features a distinctive sloped camera bump and a brushed textile-inspired finish that several reviewers have compared to furniture rather than typical smartphone materials. Gizmodo’s senior consumer tech editor, Ray Wong, said the design reminded him of both the Nothing Phone 3 and the rumored Google Pixel 11 Pro.

Fourth, the device will be available in two distinct color and finish combinations. A shade called Coal Smoke, sometimes referred to as Pantone Cool Smoke, features a woven “Tactical Weave” texture designed to improve grip. A second option, called Capulet Green, offers a softer, more fashion-inspired brushed textile finish.

Fifth, the Signature 27’s camera system centers on a quad-camera setup anchored by a 50-megapixel Sony Lytia 910 main sensor, paired with a 200-megapixel periscope telephoto lens. Motorola has not yet confirmed specifications for the remaining two camera sensors included in the setup, though the company has emphasized improved image stabilization and broader camera capabilities compared with its previous flagship efforts.

Sixth, audio has received a significant upgrade with the Signature 27 becoming Motorola’s first smartphone built in partnership with Danish audio company Bang & Olufsen, marketed as “Audio by B&O.” Motorola has said the partnership draws on Bang & Olufsen’s expertise in sound engineering and its reputation for distinctive product design.

Advertisement

Seventh, the Signature 27 features a substantially upgraded cooling system to manage the demands of its new flagship processor. The phone includes a revamped 3D vapor chamber that Motorola says is roughly 40% larger than the cooling system used in the original Signature model, employing what the company describes as nearly every available form of smartphone thermal management technology short of active liquid cooling, aimed at sustaining performance during extended gaming sessions or on-device AI processing.

Eighth, the new chipset’s AI capabilities extend into specific creative software features built into the Signature 27. The phone will support Gemini Omni, which can transform a written prompt, a set of photos, or existing video footage into a polished, edited video, alongside Lyria, a tool for generating original music and custom soundtracks directly on the device. Motorola has also suggested the new processor’s on-device AI performance could eventually allow the phone to run mid-tier AI coding tools locally, without relying on cloud-based processing.

Ninth, Motorola is backing the Signature 27 with an extended software support commitment, promising seven years of Android operating system updates and security patches, a commitment that places the device among the longer-supported smartphones currently available on the market and reflects a broader industry trend toward longer device support windows.

Tenth, while Motorola has not yet confirmed exact pricing, availability details, or a specific release date, the company has said the Signature 27 is expected to launch in markets worldwide later this year, with a North American launch specifically confirmed for the coming months. That U.S. availability marks a notable shift for Motorola, which skipped the American market entirely with the original Signature model, making the Signature 27 the company’s first true attempt in some time to compete directly against flagship devices from Apple and Samsung in the United States. Given that the original Signature launched at roughly $1,210 in markets where it was available, industry observers expect the Signature 27, described by Motorola as its most advanced device ever, to carry a comparable or higher price point once official pricing is announced.

Advertisement

With Qualcomm’s Snapdragon 8 Elite Extreme Gen 6 also expected to power other anticipated 2027 flagships, including the rumored Samsung Galaxy S27 Ultra, the Signature 27’s early arrival gives Motorola a head start in bringing the new chipset to market, setting up a closely watched stretch for the company as it works to reestablish a stronger flagship presence in a smartphone market still dominated by Apple and Samsung.

Continue Reading

Business

10 Simple Ways to Prevent Measles Infection as US Cases Climb to Worst Levels Since 1991, New CDC Figures Show

Published

on

10 Simple Ways to Prevent Measles Infection as US Cases

As measles cases in the United States climb to their highest level in more than three decades, public health officials are renewing calls for vaccination and other preventive steps to help slow the spread of a virus considered among the most contagious known to medicine.

According to the Centers for Disease Control and Prevention, 3,471 confirmed measles cases had been reported across the United States as of September 17, making 2026 the worst year for measles in the country since 1991. The agency has logged 38 new outbreaks so far this year, with 95% of confirmed cases tied to those outbreaks. Utah currently has the largest active outbreak, with more than 500 cases reported, while Pennsylvania has emerged as a newer hot spot in recent weeks. Roughly 93% of measles patients nationally are unvaccinated or have an unknown vaccination status, according to CDC surveillance data, underscoring the central role vaccination gaps have played in driving the current surge.

Health officials point to declining childhood vaccination rates as the primary driver behind the outbreak’s scale. Vaccination coverage among U.S. kindergartners has fallen from 95.2% during the 2019-2020 school year to 92.4% in the 2025-2026 school year, leaving an estimated 280,000 kindergartners without documented protection against the virus this year. Researchers have estimated that even a 1% decline in childhood MMR vaccination rates could translate into roughly 17,000 additional measles cases, 4,000 hospitalizations and 36 preventable deaths annually.

Dr. Dave Chokshi, chair of the Common Health Coalition, emphasized the stakes tied to maintaining strong community vaccination levels. “Vaccination is one of the most powerful investments we can make for the health of our children, but when we fail to maintain high vaccination rates, we all pay the price,” Chokshi said. William Moss of the Johns Hopkins Bloomberg School of Public Health similarly flagged the unusual pace of this year’s outbreak. “Reaching this milestone is particularly striking because we are only in July, and measles cases are still being reported throughout the country, with outbreaks in Virginia and Pennsylvania,” Moss said, in comments made earlier this year as case totals continued climbing through the summer.

Advertisement

With that backdrop in mind, public health guidance points to several concrete steps individuals and families can take to reduce their risk of measles infection.

The first and most effective step remains vaccination. Two doses of the measles, mumps and rubella, or MMR, vaccine are 97% effective at preventing measles, while a single dose offers roughly 93% protection, according to CDC data. The American Academy of Pediatrics recommends routine MMR vaccination for all children as the primary defense against the virus.

Second, families should follow the CDC’s standard childhood vaccination schedule, which calls for the first MMR dose between 12 and 15 months of age and a second dose between ages 4 and 6, ensuring children reach the full two-dose protection level before entering school.

Third, adults and older children who are unsure of their own vaccination history should check with their healthcare provider or state immunization registry to confirm whether they have documented evidence of measles immunity, since gaps in adult vaccination records are common and can leave people unknowingly at risk.

Advertisement

Fourth, anyone planning international travel, including infants as young as 6 months old, should consult a healthcare provider about receiving an early or additional MMR dose before departure, given that global measles activity has continued rising and unvaccinated travelers face elevated exposure risk in many destinations.

Fifth, individuals who develop symptoms consistent with measles, including high fever, cough, runny nose, red or watery eyes and a distinctive rash that typically begins on the face and spreads downward, should isolate themselves from others and contact a healthcare provider promptly, ideally by phone before visiting in person, to avoid exposing others in a waiting room.

Sixth, given how easily measles spreads, with the CDC noting that up to nine out of ten unprotected people nearby will become infected if exposed to someone with the virus, avoiding close contact with anyone showing symptoms of measles is an important precaution, particularly for infants too young to be vaccinated and people with weakened immune systems.

Seventh, practicing routine hand hygiene, including regular handwashing, can help reduce the risk of picking up the virus from contaminated surfaces, even though measles spreads primarily through airborne respiratory droplets rather than surface contact alone.

Advertisement

Eighth, staying informed about outbreaks in your local area through state and local health department alerts can help residents make more informed decisions about vaccination timing and precautions, particularly in communities currently experiencing active outbreaks such as Utah and Pennsylvania.

Ninth, communities benefit collectively from high overall vaccination coverage, since widespread immunity helps protect infants too young for vaccination and individuals who cannot receive the vaccine for medical reasons, a concept public health officials refer to as community or herd immunity.

Tenth, individuals with weakened immune systems, pregnant women, or those with specific medical conditions should consult their healthcare provider directly about additional precautions or guidance tailored to their individual health circumstances, since vaccination recommendations can vary for people with certain underlying health conditions.

With the CDC warning that continued domestic and international travel is likely to produce additional measles cases in the coming months, and with the United States now at risk of losing the official measles elimination status it achieved in 2000, health officials say maintaining high vaccination coverage remains the single most effective tool available for bringing the current surge under control.

Advertisement
Continue Reading

Business

The AI Questions Your Clients Are About to Start Asking You

Published

on

The AI Questions Your Clients Are About to Start Asking You

Somewhere between the insurance certificates and the cyber security questions, larger clients have started asking what AI tools their suppliers use, whether client data goes into them, and who signed that off. Most small businesses cannot answer, because nobody ever decided staff simply started using things.

If you supply anyone larger than you, this is arriving. Here is what will be asked and how to be ready, which turns out to be a smaller job than it sounds.

Why this is landing on small suppliers

Large organisations have spent the past two years writing internal AI policies. Those policies do not stop at their own staff.

Free newsletters
Advertisement

The stories that matter to UK business, straight to your inbox.

Advertisement

Governance obligations flow down a supply chain through contracts and due diligence. When a

client commits to controlling where its data goes, it has to ask the same of everyone it sends data to, which includes your firm. The questionnaire is simply that commitment arriving in your inbox.

The mistake is treating it as a technology question. It is a commercial one. Suppliers who cannot answer get delayed, escalated, or quietly dropped from a shortlist.

The questions you should be able to answer

Six come up repeatedly, and none require technical knowledge to answer well.

Advertisement

Which AI tools does your team use? Including the ones nobody approved. This is the hardest

question for most small firms and the one you should answer honestly.

Does any of our data go into them? Client names, documents, spreadsheets, correspondence. Be specific rather than reassuring.

Are our inputs used to train models? Consumer plans and business plans often differ here, and most firms do not know which they are on.

Advertisement

Where is the data processed, and under whose law? Increasingly asked by clients in regulated sectors and by anyone with their own EU or UK obligations.

Who approved it? A named person, not “the team”. Governance questions want an owner.

What happens when someone leaves? If an employee’s personal account holds three years of client work, that is a real exposure and an easy one to describe badly.

Answering “we don’t use AI” is a poor strategy. It is usually untrue, and it is increasingly not believed.

Advertisement

Get your own house in order first

Start by finding out what is actually being used, without making it a disciplinary matter. Shadow

usage almost always exists because the official route was slower than the deadline, and people will tell you if the question is asked neutrally.

Then write a policy that fits on one page. What may go into an AI tool, what may not, which tools are approved, and who to ask. Long policies do not get read and therefore do not change behaviour.

Give each approved tool a named owner responsible for deciding whether it stays. Unowned tools are the ones that turn up in a questionnaire nobody can answer.

Advertisement

Where UK law actually bites

This is less dramatic than headlines suggest, but it is not nothing.

The ICO requires a Data Protection Impact Assessment where processing is “likely to result in a high risk to the rights and freedoms of natural persons”. Its list of indicators includes the use of innovative technology, invisible processing where data is obtained indirectly, and large-scale profiling. Putting personal data through an AI tool frequently touches at least one.

That does not make AI unlawful. It means you are expected to have thought about the risk and recorded that you did. For most small firms, a short screening assessment covering what data goes in, why, and what could go wrong is proportionate and sufficient.

The failure mode regulators care about is not using AI. It is using it with personal data while having no idea that you are.

Advertisement

Choosing tools with the questionnaire in mind

Once you have seen the questions, tool selection changes shape. The useful criterion is no longer just capability, it is whether you can hand a client a straight answer about the tool’s data terms.

Sometimes that means moving from consumer to business plans on what you already use, which changes the default terms immediately. Sometimes it means choosing an AI assistant for business that does not train on your inputs at all. Often it means neither, and simply keeping client material out of these tools while using them freely for everything else.

Whatever you choose, keep the documentation. The single most useful artifact in a due diligence process is a one-page summary of which tools you use, what data touches them, and where that data goes.

The part that is actually an opportunity

Most of this reads as a burden. It is also a genuine advantage for firms that move early.

Advertisement

Procurement teams at larger organisations are being slowed down badly by suppliers who cannot answer these questions. A small firm that responds inside a day, with a clear one-page document, stands out against competitors who need three weeks and a meeting.

Several sectors are heading toward this becoming a standard rather than a differentiator.

Being early is worth more now than it will be in eighteen months.

What to do this month

Ask your team what they use, without consequences attached. Expect surprises.

Advertisement

Move anyone on consumer plans doing client work onto business plans. This is the highest-value hour in the whole exercise, because it changes the default data terms across the board.

Write the one-page policy and the one-page supplier answer at the same time they contain nearly the same information, aimed at two audiences.

Complete a short DPIA screening for anything touching personal data, and keep it on file.

Diarise a review in six months, because both the tools and the questions will have changed.

Advertisement

The short version

The questions are coming whether or not you are ready, and they are not difficult questions. They are simply questions nobody in your business has been asked before.

An afternoon spent finding out what your team actually uses, followed by two one-page documents, puts you ahead of most of your competitors on something clients are starting to weigh.

Business Matters covers this territory in more depth across its AI and technology sections

Advertisement

Continue Reading

Business

Dave & Buster’s Entertainment, Inc. (PLAY) Q4 2025 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript