Indian indices rebounded on Friday, snapping a five-day losing streak, driven by buying in IT, banking, and auto stocks. Despite the rally, analysts remain cautious due to muted earnings and liquidity concerns, suggesting the bounce back may be temporary. While the short-term outlook remains negative, long-term investors might find opportunities in select sectors like IT and banking.
Posts in category All News
Why Is Maharashtra An Underperformer? (23-11-2024)
‘Why has Maharashtra slipped up over the past couple of decades?’ ‘Not only is this question critical for residents of the state, but given that it accounts for 14% of India’s GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.
Time technoplast (23-11-2024)
Of course it is attention grabbing, no doubt whatsoever. And, marketing is their job too.
Having said that, if these are lighter & more cost effective options to batteries, and in the event that they become a first choice above batteries, and maybe an inbuilt feature of drones in the future, then there is some merit in the context.
PFC among 43 stocks nearing ex-dates for dividends, bonus, splits next week. Do you own? (23-11-2024)
Several companies, including PFC, Happiest Minds, and NALCO, are set to reach their record dates for dividends, bonus issues, and stock splits this week. Investors need to be aware of these dates to be eligible for corporate actions. The article lists the ex-dates for various companies and their respective actions.
Waaree Technologies bags order for 530 solar kits (23-11-2024)
Waaree Technologies has announced that it has received a purchase order for 530 solar kits from Waaree Renewable Technologies.
Bliss GVS Pharma’s manufacturing facilities complete EU GMP inspection (23-11-2024)
Powered by Capital Market – Live News
Concurrent Gainers: 10 midcap stocks that gain for 5 days in a row (23-11-2024)
ETMarkets identified 10 stocks from the BSE midcap index that experienced consistent price increases during this period
Sunteck Realty – Quality Real Estate Company (23-11-2024)
Sunteck Q2FY25 concall highlights:
- Strong pre sales growth of 30%+ YoY.
- Launched Sunteck Ultra World a new phase in Naigaon during the quarter with GDV of 600cr.
- Will launch a new phase in ODC, 2 towers in Sunteck Beach Residences, 1 tower in Sunteck Sky park and Crescent Park in H2 of FY25 with a combined GDV of 3000cr (approx).
- Will launch Napean Sea Road, Dubai Downtown and Bandra West with GDV of 12500cr by end of next financial year.
- Have received approval for the ODC commercial project and will be launching that soon.
- Plan to complete selling Dubai project in 4 years.
- Plan to double GDV value every 3 Years.
Disclosure: Invested and added recently
Udhayanidhi made no sacrifices for his rise: AIADMK (23-11-2024)
AIADMK Deputy General Secretary KP Munusamy criticized DMK’s Udhayanidhi Stalin, stating that he benefited from ‘family politics’ and did not rise through sacrifices. Munusamy emphasized that AIADMK, unlike DMK, is a democratic party without dynastic politics, citing examples of MGR, Jayalalithaa, and Palaniswami’s rise within the party.
Sirca Paints India Limited (23-11-2024)
So last con call, we had guided for a minimum of 40% growth for this financial year in terms of revenue and with EBITDA margins of 22%, 23%. But it seems we are not close to that. So would you like to revise our guidance for this year? Or still we can achieve this 40% growth?
Yes, quarter 2 including quarter 1, which was because of the extended summer and labour problem in quarter 2 because of the extended monsoons – August and September, the demand from the real estate and the home furnishing side went really down and it was quite a muted demand in both the quarters have – had led to a lesser percentage of growth in revenues than what we expected. Though compared to the industry, we moved a little better, thanks to the new addition of the brand and thanks to the acrylic range of products, where we are still dominating the market with very less competition, which helped us to achieve the numbers, which are much with a quite or much better than the industry results. But going forward, the second half, in any case, with our ground results are expected to be better in terms of the demand. The projects should open up and we are keeping our finger crossed that if the later chunk of the second half performed well. And with the better distribution network and acrylic products picking up, which are high value. We should be able, or we should be very close to achieve the number that we quoted in our last – in revenue calls and in last investor call. And so we are hoping, and we are quite positive that we should reach to those numbers.
And the EBITDA margins of 22%, 23% for the whole year?
So currently, we have taken a price hike, and which has been done across the sector. Along with that, we’ll have also a better condition related to the raw material. But considering our Page 7 of 17 Sirca Paints India Limited November18, 2024 acquisition of Welcome where the revenue, we have increased revenues at a gross margins, which are a little less than our gross margins of Sirca products. We are expecting that the EBITDA should stand – the whole year EBITDA should stand around or between 20% to 21%.