No kidding! I did not expect GNPA to jump close to 5% in 1 quarter.
And information in the deck does not give me confidence that worst is over.
Motilal Oswal Fin logs record profit of Rs 1.2K cr; ABSL AMC net up 36% (28-10-2024)
Aditya Birla Sun Life (ABSL) Asset Management Company (AMC) on Monday reported a 36 per cent year-on-year (Y-o-Y) jump in the net pro – fit for the previous quarter (Q2) at Rs 240 crore
A mixed bag for new listings: Waaree Energies up 56%, Deepak Builders dips (28-10-2024)
Waare’s IPO consisted of fresh fundraise of Rs 3,600 crore and an offer for sale of Rs 721 crore. The stock is priced at 53 times its financial year 2024 (FY24) earnings of Rs 1,274 crore
Just Dial: First Mover of Indian Local Search Market (28-10-2024)
Company is almost debt free and generating around 600 crores of free cash flow at current rate. At currrent CMP, thats almost 7% FCF yield. On top, the company has 5000 crores of cash. Even if company grows at nominal GDP, it will be in a position to return investor’s money in 5-6 years. Is there any company in today’s scenario that provides such assurance in cash flow terms. Am i missing something here ?
Just Dial: First Mover of Indian Local Search Market (28-10-2024)
Company is almost debt free and generating around 600 crores of free cash flow at current rate. At currrent CMP, thats almost 7% FCF yield. On top, the company has 5000 crores of cash. Even if company grows at nominal GDP, it will be in a position to return investor’s money in 5-6 years. Is there any company in today’s scenario that provides such assurance in cash flow terms. Am i missing something here ?
Maharashtra Polls: UBT warns Congress not to field anyone against its candidates (28-10-2024)
Sena (UBT) warns Congress against fielding candidates where it has already announced candidates, threatening to retaliate similarly. This follows Congress’s candidate announcement for Solapur South. Sena (UBT)’s Sanjay Raut calls for resolving the issue through discussions to maintain the alliance.
Congress fighting on two fronts to hold its ground in upcoming assembly, by-elections (28-10-2024)
Congress is facing twin challenges in Maharashtra, Jharkhand elections, and assembly by-elections across states. It is confronting the BJP and dealing with demands from INDIA bloc allies. The recent defeats in Haryana and Jammu have intensified this situation. Negotiations with allies are impacting Congress’s position and seat-sharing arrangements.
Waqf Bill panel again sees opposition, BJP MPs engage in verbal clash (28-10-2024)
The parliamentary panel on the Waqf bill witnessed heated arguments between ruling and opposition parties during its meeting. Former TMC member Kalyan Banerjee, suspended for previous unruly conduct, was absent. Opposition members protested against the examination of Delhi Waqf Board administrator Ashwini Kumar, leading to a temporary walkout.
Bitcoin traders refocus on $70,000 price level with cash flowing into ETFs (28-10-2024)
Cryptocurrencies dropped last week, following a report that US was investigating stablecoin issuer Tether Holdings Ltd. for possible violations of sanctions and anti-money-laundering rules
Tilaknagar Industries- Potential Turnaround Candidate (28-10-2024)
What I like about the company is the approach of the management and truthfulness to the shareholders (at least , I felt this after reading all the available concalls). Instead of competing with other Vodka or whisky brands , management introduced smartly a new category itself , which can take share from flavored vodka drinkers as well as from the courageous whisky drinkers who wants to try something new (obviously, it would have taken market share from brandy also). The ads that company run are very targeted and some of them have very emotional appeal (one can watch on Youtube). Management also seems to be walking the talk and don’t overpromise, during Q4’2024 concall someone asked about the growth expectations for the next quarter and management said very candidly the sales is expected to remain flat during the next quarter due to elections, while Sula management overpromised when asked the same question. I made a detailed video on the company and its pinned in my X profile, one can watch for more details…
X – @amitsinghpal