Imo, i think the space is getting crowded and everyone wants a pie of the opportunity by all means. So bad governance is not ruled out? only time will tell.
Posts in category All News
LIC raises stake in LTIMindtree (22-11-2024)
Life Insurance Corporation of India (LIC) informed that it increased its stake in LTIMindtree to 2,08,34,009 equity shares from 1,49,06,665 shares increasing its shareholding to 7.034% from 5.033% of the paid up capital of the company.
Hitesh portfolio (22-11-2024)
Asian Paints and Dmart both have enjoyed robust business models and strong moats to their business. That was the reason these companies enjoyed premium valuations.
Asian Paints in particular started having the first hints of competition from deep pocketed guys in form of JSW and Birla. The addressable market seems to be growing at a slower rate as compared to the competition induced market share loss for Asian Paints. Or atleast that is the perception of the markets. Hence it is one stock that is undergoing serious de rating.
Dmart also enjoyed crazy valuations and of late these valuations have been coming off. And inspite of this kind of cut in valuations, it continues to trade at very expensive valuations as commpared to the growth numbers it is reporting.
If I compare competition to Asian Paints and Dmart, I think Dmart is better placed in the physical store retailing. There is always a fear that online retailing will at some point of time hurt Dmart business model, but we need to see how that plays out.
Personally I think with the kind of headwinds these businesses are experiencing, we need to see how far this derating continues. As with all things in the markets, when the pendulum swings, it does not stop at midpoint, which is the equilibrium level. The ride from optimism to pessimism is very painful for those holding the stock.
With the current ongoing correction, I think with some decent homework, there are a lot of better alternatives to make good money. But this is my personal view and I could be wrong.
Gold Price Today: Yellow metal prices extend rally, gain Rs 3,100/10 in 5 days, silver up by Rs 1,600/kg (22-11-2024)
Gold and silver futures opened higher today, with gold gaining 0.42% and silver rising 0.14%. Geopolitical tensions and a strong US dollar influenced precious metals, though market volatility persists.
India bond yields seen rising ahead of debt supply, US yields stay high (22-11-2024)
Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent
Rs 1,274-cr order sends Afcons Infrastructure stock 4% higher; details here (22-11-2024)
The uptick in the shares of Shapoorji Pallonji Group’s flagship company, Afcons Infrastructure, was fuelled by Rs 1,274 cr order from Uttarakhand Project Development and Construction Corporation Ltd
Your ‘SIP sahi hai’ mantra translates to ‘QIP sahi hai’ for India Inc promoters (22-11-2024)
Indian companies have raised a record Rs 97,000 crore this year through qualified institutional placements (QIPs), capitalizing on strong domestic market flows and sustained mutual fund SIP inflows. Promoters are taking advantage of high valuations to raise capital, even as some analysts warn of a potential market correction.
Skipper Ltd., (Power and Water) a moat in making? (22-11-2024)
Question for those who have subscribed to the rights issue.
Made the payment/booking via ASAB on the bank app a few days ago.
Status shows – executed on exchange with an application number. However, There’s also a message ” Use your application number to verify your bids on the stock exchange bidding system” – what doest this mean? Do we need to carry out further steps, and if yes then how/where?
Funds not yet debited from the bank.
Gautam Adani’s US Indictment, Adani Share Price Live: Adani stocks stage recovery, Adani Energy Solutions down 5% (22-11-2024)
Gautam Adani’s US Indictment, Adani Share Price Live: Adani Group stocks such as Adani Green Energy, Adani Energy Solutions, Adani Enterprises, Adani Power, and Adani Ports, in focus following Gautam Adani’s US indictment.