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RPP Infra Projects wins new project of Rs 21.83 cr (23-11-2024)
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Assam bypolls: Ruling NDA allies leading in 4, Congress in one seat (23-11-2024)
The ruling NDA alliance in Assam is leading in four out of five assembly constituencies where bypolls were held, while the opposition Congress is leading in one. Counting of votes began on Saturday morning to decide the fate of 34 candidates.
Virtuoso Optoelectronics Ltd – A promising micro Cap (23-11-2024)
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Guidance of 8-10% for blended EBITDA margin.
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Lightning products have higher margins compared to appliances.
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Preferential allotment shares will be listed by next September due to conflicting guidelines of the BSE.
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Reciprocatory compressors have an annual domestic demand of 2 crore units. The company is setting up 28 lakh capacity at peak utilization, having a 7-8% EBITDA margin.
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The domestic AC market has shifted to rotary compressors, while reciprocatory compressors are primarily used in refrigeration and commercial applications.
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Voltas has booked 70% of AC capacity.
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The company is developing a controller board for EV chargers with an EBITDA margin of 13-15%. It might contribute 3-5% in sales.
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Aspirational guidance for FY26 is 1000-1200 crore.
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FY25 guidance is 700-750 crore, with a hope of achieving a slight increase.
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Voltas plans to relocate some of its capacity to in-house manufacturing beyond FY27. If capacity is not booked further, management will explore alternative vendors.
Valuation:
| FY | Sales | NPM | Net Profit | PE (at CMP) |
|---|---|---|---|---|
| 2025 | 800 | 2% | 16 | 55.88 |
| 2026 | 1200 | 2% | 24 | 37.25 |
Zaggle partners with Golden Jasraj Music Platforms (23-11-2024)
Zaggle Prepaid Ocean Services (Zaggle) announced that it has entered into a partnership agreement with Golden Jasraj Music Platforms to launch a co-branded prepaid card.
Bypoll results start trickling in; Priyanka Gandhi’s Wayanad show among the big news so far (23-11-2024)
Bypoll results: Bypolls for Lok Sabha seats were held for two seats of Wayanad and Nanded, while assembly bypolls were held in nine seats in Uttar Pradesh, seven seats in Rajasthan, six seats in West Bengal, five seats in Assam, four seats each in Punjab and Bihar, three seats in Karnataka and Kerala, two seats in Madhya Pradesh and one seat each in Chhattisgarh, Gujarat, Uttarakhand and Meghalaya.
3 top stock recommendations from Rajesh Palviya for next week (23-11-2024)
Indian stock markets witnessed a strong rally, breaking above key resistance levels. Analysts are optimistic about the upward momentum, predicting further gains in Nifty and Bank Nifty, driven by positive sector trends and short-covering. IT, pharma, and real estate sectors are expected to outperform, presenting attractive trading opportunities.