yes
mgt had reduced capex guidance of 60cr to 38cr
also mgt had reduced topline guidance to 460-490cr from 550cr
Notice link –
RACL Geartech Limited (28-10-2024)
V Vaidyanathan on how IDFC First Bank is growing@30% despite MFI business stress & infra loan account write-off (28-10-2024)
IDFC First Bank’s CEO, V Vaidyanathan, reveals stress in the microfinance sector due to multiple adverse events. Despite rising delinquencies, IDFC First fares better than peers. A significant write-off on an infrastructure loan is also highlighted. However, robust deposit growth and overall portfolio health indicate resilience and continued growth prospects.
Shakti Pumps Q2 Results: PAT soars to Rs 101 crore (28-10-2024)
During the second quarter, the company’s revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago.
Just Dial: First Mover of Indian Local Search Market (28-10-2024)
Lets hope you are correct. But since the acquisition by Reliance there has been 0 changes made only thing different has been the cash infusion for which they have no plans yet and it has been more than 2 yrs now. I get how you feel about Ambani but if you’ve read their concalls there has nothing concrete been done nor there is any plan to do so. I myself wish Reliance would have more influence to grow this company but if you have seen reliance just acquires companies and then let them sit on the backburner. Or they might just be using data from JD.
How the 2024 US elections could impact the DXY and Indian markets (28-10-2024)
The U.S. presidential election will impact the global economy. Policies by Trump and Harris will influence the DXY, Indian rupee, and stock markets. Trump’s tax cuts and tariffs might affect global demand for dollars, while Harris’s capital gains tax and energy policies could weaken the dollar, impacting India’s trade and investment landscape.
How the 2024 US elections could impact the DXY and Indian markets (28-10-2024)
The U.S. presidential election will impact the global economy. Policies by Trump and Harris will influence the DXY, Indian rupee, and stock markets. Trump’s tax cuts and tariffs might affect global demand for dollars, while Harris’s capital gains tax and energy policies could weaken the dollar, impacting India’s trade and investment landscape.
Sun Pharma Q2 Results: Profit rises 28% YoY to Rs 3,040 crore, beats estimates (28-10-2024)
Sun Pharma Q2 Results: Sun Pharma reported a 28% increase in consolidated net profit for Q2, reaching Rs 3,040 crore, up from Rs 2,375 crore last year. Revenue rose 9% YoY to Rs 13,291 crore, surpassing market estimates. EBITDA grew 24% YoY to Rs 3,939 crore, with a margin of 29.6%. Formulation sales in India increased 11% YoY to Rs 4,265 crore, representing 32% of total sales.
BHEL Q2 Results: Co swings to black, posts Rs 106 crore PAT vs loss year-ago (28-10-2024)
Bharat Heavy Electricals Limited (BHEL) reported a consolidated net profit of ₹106 crore for the September quarter, a notable turnaround from a loss of ₹63 crore in the same period last year.
Zomato – Should you order? (28-10-2024)
Nope, the prices in offline DMart stores are significantly lower than the prices on DMart Ready app.
Currently, the closest online competitor to DMart offline stores in terms of pricing seems to be Flipkart Grocery which does next day slotted deliveries. That works profitably even while selling the products at low prices as the delivery boys do dozens of deliveries in one trip and the average order value is also significantly higher than that of quick commerce apps.
Flipkart’s model is sustainable due to low pricing, high inventory turnover, leading to fresh quality products restocked all the time, all of which results in repeat buying and customer loyalty. A similar EDLP strategy was championed by its parent Walmart in the US and also made DMart a well-oiled profitable machine while other supermarket chains have perennially struggled.
Yesterday I needed a couple of things urgently and ordered them on Blinkit. One of the products they delivered was a dusty packet which was packed 70 days ago and just 20 days away from expiry date. I’m amazed at how bullish some people are about the long-term prospects of quick commerce.
Great articles to read on the web (28-10-2024)
Interesting chart by Capitalmind. Nifty led 12 of 25 years, followed by gold in 7 and silver in 6
Main takeaway from this is you can do well with just nifty and gold. No need to overdiversify
