The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed’s recent interest rate cut and potential future cuts are influencing the rupee’s trajectory. Despite market volatility, experts predict the RBI will maintain a controlled range for the rupee against the dollar.
Posts in category All News
Ranvir’s Portfolio (08-11-2024)
You seem to hold 81 stocks in your portfolio. Even the Nifty 50 has only 50 stocks.
NHPC slips as Q2 PAT drops 41% YoY to Rs 908 cr (08-11-2024)
NHPC slipped 2.47% to Rs 82.44 after the company reported 41.19% decline in consolidated net profit to Rs 908.97 crore in Q2 FY25 from Rs 1,545.85 crore recorded in Q2 FY24.
Cigniti Technologies – Global Leader in Software Testing (08-11-2024)
Commentary from Q2FY25 Earnings Call of Coforge, the Promoters of Cigniti.
Link: https://www.coforge.com/hubfs/Transcript-of-Earnings-Conference-Call-Q2-FY25pdf.pdf
- Growth
- Cigniti grew 6.1% QoQ
- This is very strong across growth across all IT companies
- Last 5-year revenue CAGR of Cigniti is 17% (Source:screener)
- We can assume that Cigniti can grow at 10% going forward, conservatively
- Big turnaround in Profitability : Cigniti EBITDA margins are expected to go to 18% by Q4FY25
- Cigniti had 12% margins in FY24.
- It is a fair assumption that Cigniti will have 18% EBITDA margins in FY26,
- This margin expansion from 12% to 18% can lead to 50% increase in EBITDA
- Valuation
- Good RoE of 27% over last three years
- If we very conservatively assume 10% revenue growth in FY25 and FY26, FY26 revenue can be 2,200 crores. Management is very positive on revenue growth outlook of Cigniti.
- With 18% EBITDA margin on 2,200 crore, it can mean ~400 crores of EBITDA in FY26
- Cigniti is net cash company with cash of ~400 crores
- Market Cap is 3,800 crores
- EV = 3800 – 400 = 3,200 crores
- EV/EBITDA for FY26 = 3200/400 = ~8x
Share price of Siemens as Nifty (08-11-2024)
A total of 1,087 shares changed hands on the counter till 10:20AM (IST).
Stock market update: Stocks that hit 52-week lows on NSE (08-11-2024)
Trent, BPCL, Dr. Reddys, ICICI Bank and Coal India Ltd were among the top losers on NSE.
GE Shipping shares sink 8% on mixed Q2 results; PAT down 3%, margins dip (08-11-2024)
GE Shipping reported a 3 per cent fall in consolidated net profit to Rs 576 crore in Q2 as compared to Rs 595 crore a year ago.
ITI zooms 25% in 2 days as co-led consortium bags Rs 3k-cr BharatNet deal (08-11-2024)
An ITI-led consortium has emerged as the lowest bidder (L1) for a Rs 3,022-crore BharatNet Project for Middle Mile Network
Nitiraj’s Portfolio (08-11-2024)
I would first like to ask…you provided weights as per market cap…where is the other allocation since the total of the same is not 100%
I am a CFA Level 1 Candidate and it has been 2 years since I took charge of my parents portfolio. (Have been personally investing since 4 years).
The primary problem with our combined portfolio was the same. We had around 48 stocks.
Over the last year I have brought it down to 32 Stocks.
There are certain biases in our minds when it comes to selling stocks. These include but are not limited to Loss Aversion, Endowment etc.
I suggest you to first look into your portfolio composition. I would suggest to not hold too many stocks in the same sector since they have a high correlation. Examples in your portfolio are like Wipro, Happiest Minds, TCS and Infosys which are all software companies.
Next are investments on which you have made significant losses. Book them.
Let me know if you are interested in more advice I can look into it.
Zinka Logistics fixes price band of Rs 259-273 Rs 1,100 crore IPO. Check details (08-11-2024)
Zinka Logistics Solutions, an Indian platform for truck operators, has announced the price band for its upcoming IPO, set at Rs 259-273 per share. The IPO aims to raise Rs 1,114.72 crore, with funds allocated for expansion, technology enhancement, and debt reduction.