Union Finance Minister Nirmala Sitharaman engaged with students at CMS Business School, addressing women’s empowerment and government initiatives for innovation. She argued against the notion of patriarchy hindering women’s progress, citing Indira Gandhi’s prime ministership as evidence. Sitharaman highlighted the government’s support for MSMEs and digital banking transformation, emphasizing the growth of startups and unicorns in India.
Posts in category All News
Tips Industries Limited – Ready to RACE ahead! (09-11-2024)
This is my Excel for your reference. – Not a very detailed financial model.
Tips Music Valuation.xlsx (21.1 KB)
But, works fine for me for quick decision makings. The key is predicting the growth rate of Tips industries.
MSTC Ltd.: Growth through to E-Commerce (09-11-2024)
Thanks @AkshayBharde for sharing your thoughts.
Could you perhaps list down the anticipated growth triggers and unexpected negative triggers?
ps – I am currently studying the business and trying to build conviction. thanks!
Piccadily Agro Industries Ltd (09-11-2024)
An outlier but good observation in the times when focus is on earnings growth and price momentum. It’s a big jump and does raise curiosity.
- Might be a Typo.
- Might be selling-off receivables to a 3rd party (Factoring) to manage working capital. However, increase in the current assets on the balance sheet excluding Inventory is way lesser than the amount shown under other receivables. So, it can’t be all from the working capital.
I think management should have provided some disclosure in the results. However, It’s best to ask for clarification from the investor relations spoc.
Disc: No position.
Dreamfolks services limited( DFS) (09-11-2024)
Dreamfolks Services Ltd Q2FY25 earnings call summary:
- Highway dining: Benefits based on consumer cards. Issuer will communicate to consumer about outlets where cards can be used.
- Highway dining service is an asset lite model where it is managed by third party.
- Airport lounge footfall is 5.29 Mn for H1FY25.
- At least a year until banks will lift restrictions from their credit cards to spend more on lounge services. Company management unable to comment to revenue commitments from the past.
- Recent technical glitch: Ongoing international integration with a client due to which there was a glitch. Upgrade cycle issue.
- Increase in trade receivables by 140Cr. This was due to cost increase from client. Client exhausted budget for customer expenses.
- Don’t want to be dependent on one client or one service. Long gestation period to see improving revenue from corporate (4-5 yrs).
- Decline seen in customers using lounge services. One bank increased its spending limit on lounge services from Rs. 35,000 to Rs. 75,000.
- Gross margin guidance will remain unchanged i.e. 20%. Will it be reduced? Here management refused to comment.
- Company is providing benefits to card holders. However, service also depends with airlines, corporate, OTS. However, majority sales are from complimentary card holder. Amazon was also selling cards with 25% discount to access the lounge.
Ajay Bagga explains the impact of Donald Trump’s victory on Indian markets (09-11-2024)
“Overall, the move in India would be more into defensives. Expect Chinese stocks to go down further which is mildly positive for us, but the big issue for India right now is continued FII selling and until that abates it is very difficult for our markets at these valuations with these earnings to move ahead, Trump or no Trump.”
IPO Calendar: 3 new IPOs, Swiggy listing to keep primary market buzzing next week (09-11-2024)
Zinka Logistics Solutions, a leading Bengaluru-based platform for truck operators, has set its IPO price band at Rs 259-273 per share, with subscriptions opening on November 13. The IPO includes a fresh share issue totaling Rs 550 crore and an offer for sale (OFS) of up to 2,06,85,800 shares by selling shareholders, valued at Rs 564.72 crore at the top price band.
Dalal Street week ahead: Sector rotation in focus; where to find opportunities in market (09-11-2024)
The Nifty faced a volatile week, ending with a 0.64% loss as it reacted to the US election and encountered strong resistance levels between 24500-24750. While a technical rebound occurred, selling pressure kept gains in check. Support remains at 23800, with a breach potentially leading to further weakness. A cautious outlook is advised for the coming week, with a focus on protecting gains during intermittent rebounds. Sector rotation is also evident, with Financial Services, IT, and Pharma leading, while Consumption and FMCG weaken.