Production stood at 88,250 units in October 2024 compared to 78,889 units in October 2023.
Posts in category All News
Indian Hotels, Page Industries among 6 large & midcap stocks that hit 52-week highs on Friday (08-11-2024)
India’s benchmark equity indices edged slightly lower on Friday, as worries over corporate earnings and foreign outflows outweighed gains in information technology stocks following the widely-expected interest rate cut by the U.S. Federal Reserve.
BS BFSI Summit: Public listings allow profitable exits for PEs, say experts (08-11-2024)
Investment leaders from Bain Capital, Samara Capital, BlackSoil Capital, and Multiples Alternate Asset Management speak about capital flow, business and startup growth at the BS BFSI Insight Summit
Share price of PI Industries as Sensex drops 85.25 points (08-11-2024)
A total of 2,096 shares changed hands on the counter till 01:49PM (IST)
What is fuelling M&M’s growth even as the auto sector is slowing down? Anish Shah explains (08-11-2024)
Mahindra & Mahindra is thriving. The company is witnessing remarkable growth across its businesses. New product launches, especially in the SUV segment, are driving this success. Mahindra is also making strategic investments in growth areas. These areas include electric vehicles and renewable energy. The company remains optimistic about future prospects.
CARE Rating assigns ‘A-‘ rating to the LT facilities of Azad Engineering with ‘stable’ outlook (08-11-2024)
Azad Engineering said that CARE Rating has assigned ‘CARE A-‘ rating to the long-term bank facilities of the company with ‘stable’ outlook.
Phantom Digital Effects Limited (08-11-2024)
This isn’t specific to finance or anything, but as Phantom fx is a Vfx company, here is their latest showreel (typically a collection of their best recent work)
PhantomFX VFX latest Showreel | Unleashing the Cinematic Magic
SBI Q2 Results: PAT jumps 28% YoY to Rs 18,331 crore, beats estimates (08-11-2024)
SBI Q2 Results: State Bank of India (SBI) reported a 28% YoY rise in profit to Rs 18,331 crore, beating earnings estimates of Rs 15,550 crore. Net interest income grew 5% YoY to Rs 41,620 crore, while pre-provision operating profit surged 51% YoY to Rs 29,294 crore for the July-September 2024 quarter.
Godawari Power – Any Trackers? (08-11-2024)
In a recent filing to the stock exchanges, Godawari Power communicated about 2 new line of businesses which are non-core to mining, iron and steel industry
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Setting up a separate unit to manufacture oPVC pipes. This is a commodity business with cut throat competition from established players like Supreme, Astral, Prince, Hindware with a good brand recognition.
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The proposal to acquire up to 60% equity stake in R. G. Pigments Private Limited (RGP) for a consideration of Rs.56.75 Crores. Again this is recycling of non-ferrous materials which is non-core to them
Godawarai is not known as a brand outside their current business and how this diversification can help or impact the growth of the company? Any insights from experience boarders who track this company closely is appreciated.
Link to the notification is provided below:
Arman Financial Services Ltd (08-11-2024)
I also like the conservative nature of the management of Arman and indeed I was stunned to listen the previous con-call where they mentioned they have nil customers with those taken loan from 4+ lenders, specifically after listening to the con-call of CAG where they mentioned how the delinquencies are higher (in their portfolio) among those having 4+ lenders. So that gives me more conviction about Arman. Waiting for the Q2 results tho.
Credit access grameen mentioned about stable Q3 and things to improve from Q4 onwards. So this makes me ask a question since majority of the AUM Arman has in the MFI division and Arman also mentioned in the previous quarter con-call about how due to abundant of availability of lenders people are now not willing to attend JLG meets and other things. So I’m a bit conservative when we can see the growth in disbursements and thereafter profitability unless we see some consolidation on the supply side. So going forward I believe we can see some muted quarters for the best case scenario. Also the cycle has turned negative from last quarter only (i mean this is my understanding feel free to counter).
But yeah I agree about Arman being the best among best because of how Alok Patel works and how they have consistently came stronger after each crisis. That makes me want to bet on Arman even more. Planning to buy in tranches till the cycle reverse(given thesis doesn’t changes)
Disclaimer: Holding a small position.