X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Navneet gets rights to its brands...for free! - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Navneet gets rights to its brands...for free!

Sep 3, 1999

According to newspaper reports, the Gala family, promoters of Navneet Publications Limited, has decided to transfer three of its most popular brands-Navneet, Vikas and Gala to the listed company (Navneet). The promoters are transferring the brands at a nil consideration. Navneet Publications (NPL), setup in 1959, is a leading player in the educational publishing industry. It commands a 55 per cent share in the organised market in Gujarat and Maharashtra. The company directly services 40,000 schools and has a strong distribution network of 13,000 wholesalers.

The decision by the promoters to transfer the brands to NPL is likely to put an end to certain uncertainities regarding its future existence. In the absence of such a development, the company would have to regularly renew its rights to use the brand names. There would thus be a perpetual fear that the promoters might refuse to renew the rights (for some reason) or demand higher license fee. Such developments would have had a direct bearing on the NPL's future.

The fact that the transfer has been done without any demands for consideration is likely to go a long way in improving the fundamental strength of the company.

Market View:
Analysts have rated the stock as a 'BUY' mainly on account of the company's dominant position in key markets, strong brand name and well developed distribution network.


Equitymaster requests your view! Post a comment on "Navneet gets rights to its brands...for free!". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

INSILCO SHARE PRICE


Apr 18, 2019 (Close)

TRACK INSILCO

  • Track your investment in INSILCO with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MARKET STATS