Potential good news for KPIT EU customers and in-turn KPIT Technologies
T D Power Systems stock jumps over 5% after profit soars in Q2FY25 (30-10-2024)
Shares of T D Power Systems surged up to 5.34 per cent at Rs 399.80 per share on the BSE in Wednesday’s intraday trade
Bitcoin surges past $73,500 as US election speculation fuels demand (30-10-2024)
Bitcoin rose to $73,577, nearing its all-time high, driven by institutional demand and anticipation of a Republican election win. Analysts predict potential price surges amid high volatility.
F&O Stock Strategy: How to trade ICICI Bank and NALCO (30-10-2024)
Equity indices Sensex and Nifty50 opened lower due to weak banking and financial stocks, but later partially recovered. Analysis suggests long build-up in ICICI Bank, and National Aluminium rebounded strongly from a support zone, suggesting bullish momentum for both stocks.
EFC gets SEBI nod for India’s first small & medium REIT IPO (30-10-2024)
With plans for a ₹500 crore IPO through its subsidiary, EFC REIT, the company aims to enhance its investment management and commercial real estate operations.
DLF shares 0.7% as Sensex (30-10-2024)
A total of 37,142 shares changed hands on the counter till 11:32AM (IST)
Sensex slides 116 pts; pharma shares under pressure (30-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 116.24 points or 0.15% to 80,258.88. The Nifty 50 index lost 23.50 points or 0.10% to 24,443.35.
Rajeesh’s Portfolio (30-10-2024)
Exited Varun Beverages (VBL) and bought Dr.Reddy’s Lab
Rationale:
- VBL declared poor profits which is lesser QoQ,
- it has high stock promoter pledges,
- Technically Pepsico but its not Pepsico, I would rather invest in a business which I understand better
- book value is deteriorating and
- it is in high sell zone
It has high PE and high PEG ratio
Why Dr.Reddy’s?
Not a favourite stock especially in this forum, but along with IDFC, Tata motors, it is screaming at me with valuations like pick me.
- Dr.Reddy’s Lab is a pure cyclical play.
- It is much cheaper,
- I understand this business as well as I’m tracking Natco Pharma
- it is having high ROE,
- Low debt,
- increasing EPS,
- increasing Book value
- and it is a hedge for falling Rupee.
Plus its a top loser in pharma space as of now. It has the highest foreign holdings for the PE that is trading.
So I have two investment rationale, which I am convicted on and start investing slowly and steadily.
- India is witnessing a K shaped recovery in terms of Economy and
- Price of Rupee is falling and dollar is strengthening,
Tata Power shares 1.53% as Sensex falls (30-10-2024)
A total of 271,146 shares changed hands on the counter till 11:27AM (IST)
TCS partners with Insper in Brazil (30-10-2024)
To Accelerate Innovation Across South America