Gensol has more than 15 customers who lease vehicles from them. (Page 8, Q3 FY24 Results Conference Call) BluSmart accounts for more than 50% of that. (Page 11, Q4 FY24 Results
Conference Call) BluSmart cabs are quite commonly seen in Delhi NCR.
Posts in category All News
Gensol Engineering – A play on Energy Transition (Solar Energy & EV) (06-11-2024)
Stock Market Live Updates: Stock to buy today: Tata Steel (₹152.30) (06-11-2024)
Sensex, Nifty, Share Prices LIVE: The stock of Tata Steel has been steadily falling since early October. But after dropping to the support at ₹145 towards the end of last month, the downtrend lost momentum. Consequently, the scrip started to move sideways. It was oscillating between ₹145 and ₹150 for nearly two weeks. On Tuesday, it broke out of the resistance at ₹150, opening the door for a rally. We expect the stock to appreciate up to ₹162, where it is projected to meet a trendline resistance.
Asian stocks gain as yields rise on election night (06-11-2024)
About a half hour after polls closed in six states, futures on the S&P 500 were up almost half a percentage point, 10-year Treasury yields rose and Bitcoin rallied, moves that together bore the imprint of trades linked to a Donald Trump victory. While results were still being collected and polls remained open in the vast majority of states, the ex-president’s odds of election were climbing on betting markets and on national forecasting sites such as Decision Desk HQ.
Rating financial instruments not in Sebi ambit? Get RBI’s NOC (06-11-2024)
These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail investors as well as fund houses and portfolio management firms-don’t come under Sebi’s regulatory domain, which is primary regulator for credit rating agencies.
Amid record FPI sales, most large-cap stocks manage to buck bearish trend (06-11-2024)
Historically, stocks mostly trade above these long-term trend indicators in a roaring bull market. In the event of declines such as the current one, they tend to fall below the 200-DMA, an indication of deep-rooted weakness in the market. The 200-DMA signifies a stock’s trend over the past year. A year has roughly 200 trading sessions.
Amara Raja Energy & Mobility Limited: Powering Ahead (06-11-2024)
Battery Recyling Plant at Cheyyar- Tamil Nadu
1.5 Lac MTPA (Phase I and Phase II) State-of-the-art Advanced Green field Lead Acid Battery Recycling plant
• Refinery construction completed and Commercial production to commence in Nov/Dec 2024
Tubular Battery Plant at ARGC- Chittoor
1 Mn+ Battery/ Annum Advanced Tubular Manufacturing plant
• Plant Redesigned with improved Fire Safety Measures
• Commercial production expected to commence during Q4 FY25
Acme Solar’s plans promising, but financials not that much (06-11-2024)
It demands a P/E multiple of 24 based on FY24 earnings while its enterprise value works out to be nearly 23 times Ebitda. Adani Green Energy, a larger peer, trades at FY25 expected P/E of 113 and EV/Ebitda of over 34.