Regarding the enhanced performance, we haven’t made very significant changes. We have followed the standard template: buy head-winded or value businesses, and then over a period of time wait for tailwinds to reappear. We supplement this by maintaining a strict valuation discipline; ensuring we reduce exposure or exit the position when valuation multiples more than adequately reflect that the turnaround or value discovery of that business is close to complete.
Posts in category Economic Times
Adani Power shares in focus after pact with MSEDCL to supply power to Maharashtra (31-10-2024)
Adani Power and its subsidiary, Adani Renewable Energy Fifty-Five Limited, have signed agreements with MSEDCL to supply a combined 6,500 MW of power. Despite a 50% drop in Q2 FY25 net profit to Rs 3,298 crore, revenue rose 3% to Rs 13,339 crore. The company’s shares have increased 12% in 2024 and 77% over the past two years.
Buy Bharti Airtel, target price Rs 1,900: Motilal Oswal Financial Services (31-10-2024)
Motilal Oswal Financial Services recommends buying Bharti Airtel with a target price of Rs 1,900. The company’s consolidated total income increased for the quarter ended September 2024, with a reported net profit after tax of Rs 3079.50 crore. Bharti Airtel is expected to see growth driven by tariff hikes and steady performance in various business segments.
Zaggle Prepaid shares in spotlight as board okays Rs 950 crore fundraise (31-10-2024)
Shares of Zaggle Prepaid Ocean Services are in focus after the board approved a Rs 950 crore fundraise via QIP. The company also appointed Virat Sunil Diwanji as a Non-Executive, Non-Independent Director. Additionally, Zaggle has entered into agreements with Dr. Batra’s Positive Healthcare and TBO TEK for service integration. Shares closed at Rs 439, up 45% over six months.
Usha Financial shares to debut today. GMP hints at marginal gains (31-10-2024)
Usha Financial Services’ shares will make their debut on the NSE SME platform on Thursday. Before the listing, the shares showed a grey market premium (GMP) of Rs 9
L&T stock in spotlight after Q2 PAT beats D-Street estimates. Should you buy, sell or hold? (31-10-2024)
Shares of Larsen & Toubro (L&T) are set to attract attention on Thursday following their Q2 FY25 earnings report. The company reported a 5% year-on-year increase in net profit, rising to Rs 3,395 crore from Rs 3,223 crore in the same quarter last year. L&T also achieved consolidated revenue of Rs 61,555 crore for the quarter ended September 30, 2024, reflecting a robust YoY growth of 21%
Cracker Stocks: Gurmeet Chadha on 3 themes to bets on in Samvat 2081 (31-10-2024)
Gurmeet Chadha from Complete Circle Consultants highlights long-term investment opportunities in the energy sector, particularly with NTPC, Tata Power, and Power Grid. He also points out the potential of new-age tech businesses like Zomato and Policybazaar, and strong prospects in the financial sector with banks like ICICI, Federal Bank, SBI. He likes Bharti Airtel in telecom.
At multi-year highs: These 3 stocks witness 5-year swing high breakout (31-10-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe