I think given the lofty valuations there needs to be consistent YoY EPS growth to justify the same. However management commentary during con-call was very strong and bullish, and he is calling out possible upswings in H2. Hyundai contract will add to bottom and top line from next Q and he is saying A&M lumpiness might show large improvement in Q4. I am using the current fall to add to my position I remain very positive on the stock in the long run.
Posts in category All News
Lazycap’s Portfolio – Feedback (22-11-2024)
One cent: I agree EV will take very huge time to catch-up…
Protean eGov Tech tumbles after OFS opens for non-retail investors (22-11-2024)
Protean eGov Technologies slumped 8.16% to Rs 1698.80 after the company’s offer for sale (OFS), by its non-promoter shareholder NSE Investments, opened for non-retail investors today (22 November 2024).
Ujjivan Financial – Small Finance Bank (22-11-2024)
Don’t know if it’s just me, but responses to Q2 and Q3 don’t inspire much confidence on the risk management practices at the bank.
Sensex zooms 1700 pts; Nifty atop 23,850; What’s driving the markets today? (22-11-2024)
Index heavyweights ICICI Bank, Reliance Industries, SBI and Infosys lead the market rally, contributing nearly 40 per cent of the day’s gain on Friday
Ratnaveer Precision soars 19% on strong demand; zooms 47% in 5 days (22-11-2024)
During the year, revenue growth to trend upwards on the back of an improving trajectory in domestic volume growth and higher realisations due to the favourable pricing cycle in key portfolios.
How Maharashtra’s smaller parties could prove to be game-changers in the power battle for state assembly (22-11-2024)
The Maharashtra Assembly election is poised to be a close contest between the BJP-led Mahayuti and the Congress-led MVA. Smaller parties, including MNS, AIMIM, and VBA, could play a crucial role, especially in the event of a hung Assembly. These parties have the potential to influence vote share in key constituencies and impact the formation of the next government.
45 New F and O Stocks May Shake Up Nifty, Sensex (22-11-2024)
Among the new entries, the largest by market capitalisation are LIC, Avenue Supermarts (DMart), Adani Green Energy, Zomato and Jio Financial Services.