The uptick in the M&M share price came after the company announced that its subsidiary, Mahindra Electric Automobile Limited (MEAL), has launched two new electric Sports Utility Vehicles (SUVs)
Posts in category All News
Rupee falls 15 paise to 83.44 against US dollar in early trade (27-11-2024)
The Indian rupee weakened against the US dollar, reaching 83.44 in early trade due to subdued domestic equities. A falling dollar index and lower Brent crude prices limited further decline. GST payments caused a liquidity deficit in Indian banking. Experts predict the rupee will trade between 84.00 and 84.50.
Basilic Fly Studio Ltd (27-11-2024)
As per their concall with analysts yesterday;
- Topline for full year should be 200-250 crs range for fy25 & 400crs for fy26
- Pat margins Fy25 should be16-17% & FY26 should be 20-22%
- Things should pickup for them post February & they expect decent pipeline
- Optimisation will happen as more employees are shifted from uk payroll to India payroll
- Receivable situation is closely monitored by top management & they are on top of the issue, do not foresee any negative surprises there and things will ease by April/may, overall since industry was sluggish hence recovery days have increased, however all their clients are top choice vendors for global studios
Stock market update: Fertilisers stocks up as market falls (27-11-2024)
The 30-share BSE Sensex was down 18.73 points at 79985.33
IRB INVIT TRUST- new game in the town! (27-11-2024)
If the interpretation is that further FII selling will leads to further correction, how can this be a dangerous situation for retail investors? Its an opportunity to buy at much lower levels.
The risk for any investor in this stock is the company’s inability to maintain the DPU at Rs 8 p.a. and not the FII selling.
Annapurna Swadisht Ltd – A Swadisht FMCG investment? (27-11-2024)
I asked a friend about this company, but he had never heard of it. My friend works in the FMCG sector (snacks segment) in West Bengal as a sales manager across various markets, such as Kolkata, Durgapur, Siliguri, etc.
Indraprastha Gas Limited (Special situation/Long term) (27-11-2024)
what will be the impact of price hike by IGL?
NTPC Green Energy IPO gains on debut (27-11-2024)
Shares of NTPC Green Energy were currently trading at Rs 119.85 at 10:14 IST on the BSE, representing a premium of 10.97% as compared with the issue price of Rs 108.
Share market update: Most active stocks of the day in terms of total traded value (27-11-2024)
The NSE Nifty index was trading 8.5 points up at 24203.0
Annapurna Swadisht Ltd – A Swadisht FMCG investment? (27-11-2024)
My gut feel is Annapurna Swadisht is a bogus company as is Madhur Confectioners (or Srivari Spices at the risk of digressing). Reminds me of Manpasand Beverages tbh. These are some of the reasons:
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I have not found any offline presence of either Annapurna or Madhur’s products or listing of their products on trade channels.
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Cash acquisition at 30x PE Multiple is highly suspect. Especially when Madhur had a networth of 9 cr as on FY23 (as per ROC) giving 20X P/B. For context, Annapurna’s fixed assets are 60 cr. Don’t understand any reason why an FMCG company wouldn’t invest in capex and use cash to acquire a 4-year old business at such high multiples except of course to siphon cash.
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I have seen their factory videos and Google maps photos of their plants and all look like an elaborate staging.
There is zero information available on the Internet in this company regarding its products except for its website. They have even misspelled a product on their website and social media as “Crispy Diet Chidwa” haha. Just to be clear this analysis is based on my limited research. Happy to get insights from someone who has done on ground diligence such as channel checks, factory visits etc.