India’s middle class is shrinking due to a slowdown in consumer demand. Major brands like Nestlé report lower growth and high profit margins are under pressure. Urban spending is slowing, and rural demand remains weak. Companies must now adjust strategy to retain market share until economic conditions improve.
Ami Organics soars 13% hovers near 52 week high after strong Q2 show (29-10-2024)
In the second quarter, Ami Organics registered consolidated net profit of Rs 37.33 crore as compared to a loss of Rs 18.85 crore
Tatva Chintan – A catalyst for growth (29-10-2024)
Helloooo! We are back again at this comp. It did pretty bad, though. It recently went into net loss, which makes it even more interesting 
I went through their Q2FY25 concall and here are the updates:
Weak Demand Environment
They are primarily dependent on 3 Global industries since most of their revenues come from export. These industries are :
- Heavy Duty Commercial Vehicle (demand for SDA is correlated to this)
China HDCV Sales (22% down), UK (9% down), EU (5% down) - Agrochemicals (PTC and PASC is correlated to this)
- Polymers (because their products find application in polymers)
All 3 of these are doing pretty bad and facing headwinds. Management expects a turnaround by Q2FY26. Management says that Q3 will be bad and from Q4 gradual pickup will be seen. but its just a guesstimate by them. Nobody knows when things will turn around. One can simply follow management’s commentary for demand revival.
I believe that when information will be clear on demand revival, many mutual funds are gonna come and buy because the triggers are placed, its just that we need the demand to come back.
I am attaching a screenshot for updates on each line of business
I am not saying its a brilliant business. IDK. All I know is that it will be a good trade. Triggers are placed , all I am waiting for is the demand to revive. And believe me, its not only me, there are many others (be it institutions or individuals) who are waiting for the same. Because the business listed at P/B – 12x. which demonstrates that it has been a very popular stock among investors. Currently its trading at P/B – 2.6x. Demand revives and people will come pouncing on this one!
Disc : Invested (3% of PF) (Will be increasing allocation as information becomes clear)
Indices trade with minor cuts; European mkt advance (29-10-2024)
At 13:30 IST, the barometer index, the S&P BSE Sensex, was down 79.95 points or 0.10% to 79,932.00. The Nifty 50 index slipped 31.80 points or 0.13% to 24,307.35.
ECS Biztech reports standalone net profit of Rs 0.04 crore in the September 2024 quarter (29-10-2024)
Sales decline 23.33% to Rs 0.46 crore
Sattrix Information Security : Emerging Moat, Managed SOC as a Service Microcap (29-10-2024)
Can agree with that, EPFO FAQ says
” The employees who are drawing the basic wages and dearness allowance up to Rs.15, 000/- are alone eligible to become a member. He will continue to be a member even when his pay exceeds Rs.15, 000/-. However, his contribution to the Fund will be restricted to Rs.15, 000/-. The employer is also required to pay his matching contribution up to Rs.15, 000/-. Employees drawing more than Rs.15000/- can also become a member of EPF by giving option under para 26(6) of the EPF Scheme. The option has to be submitted to the EPF office within 6 months of joining of such member.”
So simple shortcut is pay 15001 INR and voila you are exempt from PF. In line with their hiring practices of hiring freshers, response by CS is most probably correct.
But definitely a questionable practice. Raises question about their employee policy. Also seems its a Key Man Driven Organization. Key Man is both Promoter and KMP, with ownership of IP held by Key Man in a distinct and separate entity.
Solar Industry AMA Deep Dive: Ask me Anything (29-10-2024)
We are pleased to share a compiled PDF document containing all questions and answers from the recent AMA session on the solar industry, held on October 25, 2024 by Kuntal Shah, Partner Oaklane Capital. This document provides a detailed overview of the topics discussed, covering areas such as global demand and supply dynamics, advancements in solar technology, and insights into the solar value chain.
We extend our sincere gratitude to all participants for their insightful questions.
Please refer to the disclaimer at the end of the report for important information.
Solar Industry Ask Me Anything with Kuntal Shah Oct’24.s.pdf (1.5 MB)
Lower production cost may support HZL margins (29-10-2024)
During the September quarter (Q2FY25), Hindustan Zinc’s (HZL’s) revenue was reported at Rs 8,300 crore (up 22 per cent year-on-year or Y-o-Y, and 2 per cent quarter-on-quarter or Q-o-Q), marginally above consensus. Operating profit stood at Rs 4,100 crore (up 31 per cent Y-o-Y and 5 per cent Q-o-Q), also a small beat. The operating profit margin was 50 per cent, up from 48.5 per cent in Q1FY25.
CPSE dividend likely to cross record FY24 tally (29-10-2024)
The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government official. This excludes dividend from nationalised banks and financial institutions. As on October 21, the Centre collected Rs 28,913 crore as dividend and other investment from CPSEs, accounting for over 50 per cent of the Budget Estimate for FY25.
Maruti Suzuki Q2 Results: Standalone profit slides 17% YoY to Rs 3,069 crore, misses estimates (29-10-2024)
Maruti Suzuki Q2 Results: The profit figure was below Street estimates of Rs 3,525 crore.