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By:

Dr. Abhilash Dawre

19 March 2025 at 5:18:41 pm

Woman held for allegedly killing daughter

She was reportedly upset over her love relationship with a man from other caste Ulhasnagar: In a shocking incident that has sent shockwaves across Ulhasnagar, a mother allegedly strangled her 19-year-old daughter to death after opposing her relationship with a young man from another caste. According to the police, the accused, identified as Asha Garad, allegedly killed her daughter Amruta Garad in a fit of rage when the latter was preparing to leave home with the man she was in a relationship...

Woman held for allegedly killing daughter

She was reportedly upset over her love relationship with a man from other caste Ulhasnagar: In a shocking incident that has sent shockwaves across Ulhasnagar, a mother allegedly strangled her 19-year-old daughter to death after opposing her relationship with a young man from another caste. According to the police, the accused, identified as Asha Garad, allegedly killed her daughter Amruta Garad in a fit of rage when the latter was preparing to leave home with the man she was in a relationship with. The accused has been arrested by Ulhasnagar Police Station No. 1, and further investigation is underway. According to the police, the incident took place at Bhaiyyasaheb Ambedkar Nagar in Ulhasnagar Camp No. 1, where Amruta Garad lived with her family. She was reportedly in a relationship with a young man from another caste who resided in the same neighbourhood. Her mother strongly opposed the relationship and had repeatedly tried to convince her to end it. However, Amruta remained firm in her decision. Police said that at around 1:30 am on Sunday night, a heated argument broke out between the mother and daughter while Amruta's father and two brothers were asleep in the house. Following the argument, Amruta was allegedly preparing to leave home with the young man. At that moment, Asha Garad allegedly used a scarf to strangle her daughter, resulting in her death on the spot. After the incident, Amruta's father approached Ulhasnagar Police Station No. 1 and informed the police about the incident. Police immediately reached the spot, conducted a panchnama, and sent the body to the Central Hospital, Ulhasnagar, for post-mortem examination. Based on the preliminary investigation, police registered a case against Asha Garad and arrested her. The incident, in which a mother allegedly killed her own daughter, has created widespread shock in the Ulhasnagar area. Further investigation is being carried out by officers of Ulhasnagar Police Station No. 1. While speaking to ‘The Perfect Voice’, Deputy Commissioner of Police Sachin Gore said that the 19-year-old woman's mother was opposed to her love marriage. Following an argument, the mother allegedly killed her daughter in a fit of rage. A case has been registered at Ulhasnagar Police Station No. 1, the accused woman has been arrested, and further investigation is in progress.

Hyundai Motor IPO - Good for Long Term?

Updated: Oct 22, 2024

Hyundai

Hyundai Motor IPO has opened for subscription on October 15, 2024 and will close on October 17, 2024. The allotment for the Hyundai Motor IPO is expected to be finalized on Friday, October 18, 2024. It is planned to list on the BSE and NSE with a tentative listing date set for Tuesday, October 22, 2024. Hyundai Motor IPO is a book built issue of Rs 27,870.16 crores. The issue is entirely an offer for sale of 14.22 crore shares, therefore the company will not receive any proceeds from the sale.


The IPO’s price band is set between Rs. 1865 to Rs. 1960 per share. Applicants are required to buy minimum of 7 shares to qualify for the offer. Retail investors are expected to invest a minimum of Rs. 13,720. Additionally, employees of Hyundai Motors will enjoy a discount of Rs. 186 per share.


Established in May 1996, Hyundai Motor India Limited is a subsidiary of the Hyundai Motor Group, ranking as the third-largest original equipment manufacturer (“OEM”) globally in terms of passenger vehicle sales. As of March 31, 2024, the company has successfully sold nearly 12 million passenger vehicles in India, in addition to exports.


The company specializes in the production and distribution of four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs). By December 31, 2023, Hyundai Motor India had established partnerships with 363 dealer companies for distribution and sales across India. Holding a 15% market share in India and boasting leading EBITDA margins of 13.8% in the first quarter of the fiscal year 2025, Hyundai is well-positioned for continued expansion.


Let’s now examine the financial performance of the company. Hyundai Motors India Ltd. has demonstrated a revenue and profit after tax growth rate of 19% CAGR and 48% CAGR over the past three years.


The company maintains a low debt position, with a debt to equity ratio below 0.1, and has an average return on equity of 27% over last 3 years (source - screener). At the upper end of the price band, this IPO is available at a P/E ratio of 26.3, indicating it is fairly valued.

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