At meeting held on 06 November 2024
Posts in category All News
PCBL’s stock price correction offers a good entry point for long term wealth generation (06-11-2024)
PCBL's stock price correction offers a good entry point for long term wealth generation. It has organic levers of growth, healthy margin & RoE profile (~15%+), robust cash flow generation. Inexpensive valuation vis-a-vis promised growth. TP ₹600 (+45%)
Download research report…
PCBL's stock price correction offers a good entry point for long term wealth generation
Equity NFO pipeline is strong despite mkt weakness (06-11-2024)
The equity market’s recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.
Board of Tata Steel appoints director (06-11-2024)
At meeting held on 06 November 2024
Neuland Laboratories Limited – Transformation towards niche APIs? (06-11-2024)
In the concall, they downgraded their guidance of FY25 from medium growth to flat performance YoY.
Even considering flat guidance YoY, I feel H2 will be better when compared to H1 and even compared to H2FY24 due to dismissal Q2.
In september quarter as per export data they made all time high export it seems but the q2 result was not that good. Maybe as revenue will get realised when shipment is received by client ( export data from Nomura research report)
Dis : Neuland is my top holding.
Jindal Steel Q2 Results: Profit slumps 38% to Rs 860 crore on lower volumes, steel prices (06-11-2024)
Jindal Steel and Power’s profit dropped 38% in the September quarter to Rs 860 crore, impacted by lower steel prices and reduced sales volume. Consolidated revenue also fell 8% to Rs 13,205 crore, with an 8% decline in sales volume.
Indel Money’s NCD issue oversubscribed 1.5 times, attracting Rs 117.38 crore (06-11-2024)
Indel Money’s NCD issue, offering a yield up to 13.44%, was oversubscribed 1.5 times, attracting bids worth Rs 117.38 crore. The issue, which opened on October 21 and closed on November 4, will likely be listed on BSE after November 11.
Promoters and PE investors ramp up sell-downs in Indian stocks, doubling deal value to $67 billion in 2024 (06-11-2024)
Accelerated FPI selling and fluctuating valuations have driven this trend, with many companies, including multinationals, strategically divesting stakes to meet financial needs
Stop the Count – US Policy impact on Indian Equities (06-11-2024)
It remains to be seen how much of the promise materializes. One does not take a politician’s words at face value. Besides there will be backlash from EU and other climate conscious countries who are friends with America against Trump’s “Drill baby Drill” (Oil) policies.