This usually causes a dip in open interest and can also push the stock price higher.
Anant Raj Limited (28-10-2024)
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Board approval to raise upto ₹2,000 cr. through QIP.
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Convertible warrants worth ₹100 cr. to be issued to a promoter group firm, Ashok Sarin Anant Raj LLP.
Sebi proposes allowing shared contact details for non-individual clients to simplify compliance (28-10-2024)
To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances. Currently, this exception applies only to individual clients within a family.
Poonawalla Fincorp formerly Magma Fincorp (28-10-2024)
Provisioning is a standard practice by lenders to strengthen their balance sheets. Expecting lenders to announce provisioning before the result will be a bad practice as without full context and commentary it can have unjustified impact on stock prices. It’s like expecting a lender to announce their operating margin or PAT before the actual results.
Even Indusin or Kotak have high corporate governance but did you see them disclosing higher provisioning before the actual results? IDFC first bank, also disclosed higher provisioning in their results.
Most of the well run lenders disclose who they are lending to and a prudent investor should do their homework to identify the risks. That’s why investing in lending sector is inherently tricky.
Havells, Polycab flip switch on high-voltage growth (28-10-2024)
The July-September quarter (Q2) results for 2024-25 (FY25) from the largest listed consumer electrical solutions companies, Havells India and Polycab India, followed similar trends, demonstrating robust revenue growth while falling short of profitability expectations. Both companies witnessed overall growth in the 16-30 per cent range, but margins declined by 130-290 basis points (bps) year-on-year (Y-o-Y). Although brokerages are bullish on long-term prospects and have raised revenue projections, earnings forecasts have been revised downward due to margin pressures.
Havells, Polycab flip switch on high-voltage growth (28-10-2024)
The July-September quarter (Q2) results for 2024-25 (FY25) from the largest listed consumer electrical solutions companies, Havells India and Polycab India, followed similar trends, demonstrating robust revenue growth while falling short of profitability expectations. Both companies witnessed overall growth in the 16-30 per cent range, but margins declined by 130-290 basis points (bps) year-on-year (Y-o-Y). Although brokerages are bullish on long-term prospects and have raised revenue projections, earnings forecasts have been revised downward due to margin pressures.
JSW Infrastructure Q2 Results: Net profit jumps 40% to Rs 374 crore (28-10-2024)
JSW Infrastructure on Monday reported around 40 per cent rise in consolidated net profit to Rs 373.73 crore in the September quarter, aided by higher income. Its net profit for the period was Rs 266.87 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.
IOC Q2 Results: Net profit plummets 99% YoY to Rs 180 crore on inventory losses, reduced refining margins (28-10-2024)
Indian Oil Corp’s net profit dropped 99% to Rs 180 crore in the July-September quarter from Rs 12,967 crore a year earlier on inventory losses and weak refining margins.
Sikkim by-polls: Citizen Action Party Sikkim candidate disqualified in Soreng (28-10-2024)
The Citizen Action Party Sikkim’s candidates were disqualified from the November 13 by-election due to deficiencies in required proposers and incomplete affidavit submission. CAP condemned the disqualification, calling it a conspiracy by the ruling SKM. The contest is now between SKM and Sikkim Democratic Front candidates, whose nominations were accepted by the Returning Officers.
Gold, Silver ETFs outshine Nifty, Sensex in Samvat 2080 (28-10-2024)
Silver shines on reduced supply, affordability