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Are Goenka family stocks new D-Street darlings? PCBL, RPG Life Sciences, others surge up to 60% in a month
Are Goenka family stocks new D-Street darlings? PCBL, RPG Life Sciences, others surge up to 60% in a month
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Shares of Rama Prasad Goenka (RPG) and the RP-Sanjiv Goenka (RPSG) Group, led by the two Goenka brothers, have become Dalal Street's new darlings this year. Stocks including PCBL, Spencer's Retail, RPG Life Sciences, and RPSG Ventures have gained up to 60 percent in the last month.The Goenka business was split in 2010 between Harsh Goenka and Sanjiv Goenka. Harsh Goenka-led RPG Group houses CEAT, KEC International, Zensar Tech, RPG Life Sciences among other companies. Meanwhile, Sanjiv Goenka-led RPSG Group houses CESC, PCBL, Firstsource, Spencer's Retail, NPCL, RPSG Ventures, and some other firms.RPSG Group stocksThe stocks of the RPSG Group have seen a notable performance as well. While PCBL has zoomed 60 percent in the last month, Firstsource has gained around 17 percent, beating benchmark Nifty's returns during this period. The gains came after Chairman Sanjiv Goenka's bullish projections for both firms.The RPSG Group chairman projected a fivefold increase in PCBL’s profit over the next five years, aiming for Rs 2,400-2,500 crore. For Firstsource, he expects profits to rise 2.5 times in three years, driven by a shift to high-margin businesses and cost reductions. The company is also focused on completing an acquisition and securing three deal wins per quarter.Follow our market blog to catch all the live actionMeanwhile, RPSG Ventures has surged around 58 percent in the last month on high volumes. The company, together with its subsidiaries, manages a diverse portfolio of businesses encompassing IT services, business process services, FMCG, real estate, and sports, among others.It holds a 53.66 percent stake in Firstsource and a 51 percent stake in RPSG Sports, which holds the right to own and operate the Lucknow Super Giants IPL team.CESC has gained 24 percent in the past month with several brokerages sharing bullish calls on the stock and power utility sector. READ MORESpencer's Retail stock was up 9 percent on August 27. In the past month, the stock has climbed around 37 percent.This comes as Shashwat Goenka, Vice Chairman of RPSG Group, said that every vertical—from energy and carbon black manufacturing, now expanding into chemicals, to retail, consumer, media, entertainment, and BPO businesses—will undergo significant transformation and growth, both organic and inorganic, in the coming years.RPG Group stocksRPG Group stocks also saw significant ga...