Posts in category All News
ITD Cementation down 9%; Promoter Italian Thai Development mulls stake sale (04-07-2024)
ITD Cementation promoter stake: At the end of the March quarter, Italian-Thai Development Public Company held a 46.64 per cent stake in ITD Cementation. The stock of ITD Cementation is up 101% YTD
LTIMindtree stock price down 0.18 per cent as Sensex climbs (04-07-2024)
As of 31-Mar-2024, promoters held 68.6 per cent stake in the company, while FIIs held 7.86 per cent and domestic institutional investors had 6.22 per cent.
Sensex rises! But these stocks are down 5% or more on BSE (04-07-2024)
In the Nifty pack, 27 stocks were trading in the green, while 23 stocks were trading in the red.
This smallcap stock has surged 10% in two days; check details here (04-07-2024)
Notably, the stock has soared 10.23 per cent in the last two trading sessions
Momentum Pick: Will Zomato’s 21% returns over a month and technical breakouts trigger another leg of rally? (04-07-2024)
Zomato shares surged 21% since June 4, outperforming the Sensex's 11% rise. Analysts predict up to 20% additional gains. The stock hit a 52-week high of Rs 213.80, closing at Rs 208.15. Momentum indicators show shares trading above 50 and 200-day SMAs with a 1-year beta at 0.6. Axis Securities noted sustained buying activity and net profit.
Bhansali Engineering Polymers – An Import Substitution Story! (04-07-2024)
BEPL AGM 2024 – quick notes
- Unsecured Loans and Advances: No clear answer as to whom the loans (222 Cr + 76 Cr) are given. Management said they are safe and easily callable. As on date of AGM 100 Cr. is received back. Balance will be called back soon for CAPEX. Hopefully Sep. 24 data should reflect this.
- Averse to taking debt due to difficult times seen in the past. All expansion will be done through internal accruals only.
- CAPEX: Cost approx. Rs.500 cr for capacity expansion from 75 KTPA to 200 KTPA. Still awaiting detailed reports from TOYO which is likely to come in another 2-3 months as its delayed.
- Was considering port based expansion in the past which results in cost savings but CAPEX is approx. 1200-1500 Cr. so shelved the plans. No plans to take debt.
- Total market size is 325 KTPA of which 175 KTPA is imported. China consumption is 50 lacs Tons. No risk of oversupply when all new capacities come online (Styrenix and Supreme).
- Presently share of value added products is 25% and 75% is commodity. Specialty grade is mostly for automobiles and home appliances (50%).
- Woks on cost + pricing so margins are more or less stable. No major growth expected in next 2 years until new capacity comes online. Presently operating at > 100% capacity.
- COVID year profits were exceptional (approx. 300 Cr.) due to price hikes. Unlikely to happen again. Reasonable to expect ~180cr. Profits per year at present capacity.
- Mr. Jayesh Bhansali was not present as he was traveling abroad.
- Number of shareholders ~ 122,000
I may have misunderstood / misinterpreted something. Kindly do your own due diligence.
Indian Oil Corp. shares up 0.23% as Sensex rises (04-07-2024)
A total of 495,073 shares changed hands on the counter till 10:45AM (IST)
Narayana Hrudayalaya Ltd (04-07-2024)
Current scope of health insurance is just hospital stay, over time scope may expand to cover all expenses, like US based HMOs. Also a large population finds the current cost of insurance prohibitive, hence they might also be the target market. disc: have a tracking position
Stock market update: Sugar stocks down as market rises (04-07-2024)
The 30-share BSE Sensex was up 149.02 points at 80135.82
Is Wall Street factoring in a rate cut by year-end? Geoff Dennis answers (04-07-2024)
I think July is a tough call now, although the payroll numbers on Friday will give us another clue on that. But I think they will cut twice before the end of the year, probably in September and December.