Cyient stock surges 7% despite tepid Q2FY25 earnings; details here (25-10-2024)
Cyient share price surged 7 per cent at Rs 1,900 per share on the BSE in Friday’s intraday deals
ICICI Lombard stock price down 1.29 per cent as Sensex slides (25-10-2024)
As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 24.75 per cent and domestic institutional investors had 14.91 per cent.
Glenmark Life Sciences (25-10-2024)
I attended the concall. While the company is guiding for a strong H2, the overall guidance has been revised down to high single digit growth from the earlier mid teen guidance. This implies around 20% growth for H2 to meet the high single digit growth. Few things i am unable to understand are.
1 – Company maintained the earlier guidance during Q1 call even after knowing the impact of Ankleshwar closure.
2 – Ankleshwar closure was played down as a minor issue during Q1 call even after repeated queries on its impact. Now they are saying that it impacted in order fulfillment in both API and CDMO.
3 – Revision of guidance downwards is also attributed partially to softness in LATAM markets specially in Argentina.
While business is always dynamic, my worry is company is not able to foresee events unfolding even beyond a quarter or they are not sharing it with the investors. Last FY as well they guided for mid teen growth, maintained it after first 2 Qs but eventually ended up in mid single digits.
Disc – Invested from lower levels.
Avantel (25-10-2024)
amount they intend to riase is peanuts, they could have raised it as debt from banks easily, my sense is there is something else happening in the background, time will tell.
Havells India share price down 2.09 per cent (25-10-2024)
A total of 19,878 shares changed hands on the counter till 11:40AM (IST).
DCB Bank share zooms 10% after Q2FY25 profit climbs over 22% YoY (25-10-2024)
The surge in DCB Bank share price came after the lender reported a strong set of quarterly results (Q2FY25) on Thursday, October 24, 2024.
Red Tape Ltd. – The next fashion giant? (25-10-2024)
Every other brand is using a Discounted strategy nowadays. It’s a FOMO for marketing. As far as the brand image is concerned they fit into middle low and super brands. That’s a good strategy for long term though