sir, couldn’t find it for triveni engineering. kindly help.
regards and thanks
sir, couldn’t find it for triveni engineering. kindly help.
regards and thanks
On Wednesday, Vodafone said it sold 484.7 million shares amounting to 18 per cent stake in Indus Towers, raising Rs 15,300 crore or around €1.7 billion. The shares were sold through block deals on the stock exchange.
Vodafone had initially planned to sell around 10 per cent, but strong investor interest prompted it to raise it significantly, according to Reuters.
Even if company numbers seem lucrative to some, management needs to be thoroughly studied. The latest credit rating report by Fitch has been rated in the non-cooperating category : India Ratings and Research: Credit Rating and Research Agency India
Any idea why stock was up 10% today?
review the company’s annual reports and financial statements. Check the management discussion and analysis section. Look at segment-wise revenue and profit breakdowns. Examine capital expenditure details in financial disclosures. Consider investor presentations and earnings calls for additional insights.
It is cheap relative to Titan and Kalyan Jewellers at current price but not undervalued on absolute basis. Slight rerating can happen in short term. It should give decent return over long term.
PE rerating happens for all 100 percent plus growth companies , if we take PE as 60 plus… next two year earning 100 plus CAGR 2x this year 4x next year then 10x is distinct possibility… Price moves ahead of performance if market has confidence and PE rerating can take to 100 plus PE too look at high growth companies in table and many other in SMEs, key is good corporate governance and 100 percent plus if they deliver upside can be higher
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