Foreign Portfolio Investors (FPIs) have been net sellers of Indian equities at Rs 85,790 crore in October so far, wiping out a substantial portion of the overall inflows in 2024. In September, FPIs bought domestic equities worth Rs 57,724 crore. However, they were net sellers in April, May, and January.
India can’t be the third largest economy without self-reliant energy sources: Manish Chokhani, Enam Group (26-10-2024)
Manish Chokhani of Enam Group emphasizes the importance of energy independence for India to become the third largest economy. He draws parallels with the US and China, highlighting their strategic moves to secure energy sources. He warns that India’s failure to address this issue could hinder its economic growth.
CDSL – Stock for our children (26-10-2024)
So, P/E has come to 55 from 60 due to earning rise.
Disc – I have 3.25% of funds allocated to CDSL
Yes Bank Q2 PAT zooms to Rs 553 crore (26-10-2024)
Yes Bank reported standalone net profit of Rs 553.04 crore in Q2 FY25, zoomed 145.56% as against Rs 225.21 crore posted in Q2 FY24.
Hariom Pipes Ltd: A Capex Play! (26-10-2024)
The Q2FY25 result is extremely weak. The company promised sales CAGR of 50% over FY24-26 until Q4FY24 (mentioned in the result PPT). Interestingly, in their Q1FY25 PPT, they didnt mention any guidance. Now with a result disaster in Q2FY25, it shows what the management is upto.
CDSL – Stock for our children (26-10-2024)
CDSL Q2 FY25 Result Update
- Revenue up 55.7% YoY and 24.96% QoQ
- PAT Growth at 48.6% YoY & 20.71% QoQ
- CDSL became the first depository to register 13.5+ crore demat accounts as on
September 30, 2024 - During the Q2 FY 2024-25, 1.18 crore new demat accounts were opened.
https://nsearchives.nseindia.com/corporate/CDSL_26102024132623_MediaReleaseMerged.pdf
Disclosure: Invested
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared (26-10-2024)
REC Q2 Results: State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. The total interest income earned by the NBFC during the quarter stood at Rs 13,485 crore which was up 18% over Rs 11,399 crore reported in the corresponding quarter of the previous financial year.
ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”? (26-10-2024)
Hotels as such is a cyclical business and capital intensive. One of the reasons, many like ITC are moving into a FOCO model which is comparatively asset lite. BT will immediately offload its entire stake bringing down the price, upon listing. The ones with a long term view and conviction on brands like ITC, Fortune, Welcome, Oberoi, Trent, and Leela can use this opportunity to add more.
Concurrent Losers: 14 stocks that slid for 5 days in a row (26-10-2024)
In the five trading sessions leading up to October 25, the Sensex index dropped about 2.23%, or 1,822 points, closing at 79,402, with losses in each session. Amid this decline, ETMarkets highlighted 14 stocks from the BSE 100 that consistently fell in price.