Life Insurance Corporation (LIC) on Tuesday said it has sold more than 2.02 per cent stake in Tata Power Company for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent.
Posts in category All News
Broker’s call: ONGC (Buy) (12-11-2024)
JM Financial
Top 5 stocks with decreasing promoter pledge ratios (12-11-2024)
In the Nifty500, the top 5 stocks with decreased promoter pledges in Q3 2024 signal reduced borrowing reliance, boosting investor confidence in the company’s financial health.
Rajapalayam mills ltd – value unlocking possible? (12-11-2024)
Good article which mentions why Ramco group wants to reduce/eliminate all cross holdings. (basically foriegn investors avoid investing in group having multiple cross holdings and various holding structures and group wants to attract more FIIs). The article says Ramco Industries would be holding co of all other listed cos.
Initially I though the article is just a rumour but things are happening as per the article.
- Ramco cements sold all shares of Ramco Industries.
- Ramco Industries to buy Rs 160crs worth of Ramco cement shares
- Rajapalyam to sell Rs 120crs worth of Ramco cement shares. (most like to Ramco Industries). Not sure why Rajapalyam buying ramco industries shares…
This is a good trigger. Added today.
Disclosure: Invested . Not a registered RIA. Not a buy/sell recommendation. Consult your Investment Advisor.
Jindal Drilling – Beneficiary of a sustained offshore upcycle? (12-11-2024)
If you are not familiar with nitty gritty of upstream producers here is a quick refresher. When companies decide to invest in drilling activities it’s based on very rigorous probabilistic modeling of a whole range of factors including production growth needed, oil prices, supply chain etc that are then forecast over 5 years. So when, in most of the cases, companies decide to drill the wells they don’t change that plan based on 5-15% shallow fluctuations in oil prices because they are already factored into their business plan.
What could change that are extreme events (e.g. covid) or shale boom that can lead to 50-100% cuts in oil prices or major wars (e.g. Ukraine-Russia) that saw oil prices crossing 120.
So in my view as long as oil stays with 65-85 price range, it will be business as usual. It’s not that a drilling contractor working on a term contract will charge more to their customers if oil prices move up by 5-10% tomorrow or vice-versa. They get paid what their contract says. The only risk is unpredictability of execution which is what gets impacted if there are deep fluctuations in oil prices.
What one has to look at is risk-reward in their investment. Markets discount all positives and negatives very quickly and often before normal investors like us. So if a stock has run up 8-10 x already one needs to evaluate how much of all future positives are already factored in and what are the possibilities of any negative surprises.
CESC Q2 Results: Net profit rises 3% YoY to Rs 373 crore on higher income (12-11-2024)
Power utility firm CESC Ltd on Tuesday reported a nearly 3 per cent rise in consolidated net profit to Rs 373 crore in the September 2024 quarter, aided by higher income. It posted a profit of Rs 363 crore during the three months ended September 2023, the company said in a regulatory filing.
KT Rama Rao says southern states should not be punished in delimitation (12-11-2024)
K.T. Rama Rao criticizes Chandrababu Naidu’s call for increased birth rates, arguing that southern states shouldn’t be penalized for successful family planning. Rao highlights concerns about potential parliamentary seat reduction based on population and emphasizes economic factors influencing family size decisions.