Shriram Asset Management (market cap 90 cr): The world of AMCs is the consolidation phase since few years now. Older and smaller AMCs are finding it difficult to sustain their business or launch new products. A logical step by Shriram group to turn it into a Fintech by infusion of 50 crore by promoters and 37 crore by overseas investor Mission1 owned by Indian origin investors.
Paramount Cosmetic (market cap 20 cr) : Years of languishing results from this company which owns the famous Shilpa bindi. This quarter shows sign of some improvement but need to watch for few quarters-
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