Have they guided for topline FY25 & FY 26?

I have tried to fully migrate out of Zerodha – but have not been able to due to the following 2 reasons.

Say you’re holding a stock in your Zerodha account, and you’ve purchased it on 5 different dates, and at 5 different prices, and some of the purchases are earlier than 1 year making them LT, while some are within one year making them ST.

Now, if you transfer the holding to another broker, then the new broker will permit either of the two:

1. It will let you add one average price, but will take the transfer date as the buying date. Here, you can only maintain your avg price, and all your holdings will show as bought on the transfer date, making them all ST.
2. It will let you manually add one average price and one date.

There is no broker that I have come across, which will let you add the 5 different dates & 5 different prices, thereby making the holding reflect the factual and same data as it would have in the original demat account.

This means one has to maintain everything on excel for the CA, for ST/LT gains, and one cannot rely on the new brokers auto-reports which will be generated from the dashboard.

Funnily, Zerodha is the only broker that does actually permit manual addition of individual quantities/dates/prices.

Equity only – zero F&O.

Companies in cyclical industries usually trade at their historical multiple averages. NCC’s long term P/E has been in 12-14 range. Current p/e is 20 which might be a little lower on a forward earning basis (assuming sector is still in uptrend). So to me NCC looks priced to perfection with respect to its historical valuations.
Now one might get tempted to compare multiples with peer group but one needs to account for different businesses that peer group companies might be in. A pureplay road construction company will get lower multiple than the one (e.g. IRB) that also does BOT (high margin annuity business).
If there were trigger for rerating of NCC’s multiple it might come from one or both of the following.
1- Whole sector getting rerated due to external triggers (e.g. government capex trends, improved payment schedules from state agencies such as NHAI etc)
2- Significant expansion in company’s margins due to either better efficiency in operational execution, favorable revenue mix or better receivables.

Without that I don’t see current multiples rising any further. (Of course not accounting for whims of bull markets which can often make mockery of valuations.)

There is already a delay from Arzoo invoices and a potential default.
I stopped my investments few months before as risks outweigh the benefits.
All platforms are bothered about their profits and we need to be aware before investing

Any reason for the upmove?