A total of 24,296 shares changed hands on the counter till 10:00AM (IST)
FMCG shares gain (25-10-2024)
FMCG stocks were trading in the positive zone, with the BSE Fast Moving Consumer Goods index rising 317.34 points or 1.49% at 21611.41 at 09:46 IST.
Information Technology shares gain (25-10-2024)
Information Technology stocks were trading in the positive zone, with the BSE Information Technology index rising 158.24 points or 0.38% at 42088.39 at 09:46 IST.
Healthcare shares gain (25-10-2024)
Healthcare stocks were trading in the positive zone, with the BSE Healthcare index rising 91.55 points or 0.21% at 42986.79 at 09:46 IST.
Share market update: Most active stocks of the day in terms of total traded value (25-10-2024)
The NSE Nifty index was trading 119.96 points down at 24279.45
Srivari Spices and Foods Limited (25-10-2024)
I think the primary reason is valuation. On 10th October, it was trading at 45 times PE multiple. Now the valuation is is in more reasonable 27-28 times. That is not to say that it cannot fall further. In general FMCG space is falling a bit more than market. Many of the more established players in FMCG market has fallen quite a bit, much more than index. In such a market micro caps stocks do fall more.
Looking at the company, there is no negative news about the company; however even the positives are missing. There has been no announcements about entry into oil and other products they planned. Further, the shareholding of management has come down in October fling, from 69.94% to 58.28%. Further, shareholding of one Avneesh Rana has gone down.
There is no news of promoters selling anything in market or any notice on exchanges. I think promoters should explain this.
On positive side, the company is expected to do well in H1. Further, the company has received around 25 Crores in rights issue. It should give financial strength to the company to grow at the projected rate. Even the management participated fully in the rights issue at Rs. 175 per share, as declared by management earlier. Thus, things are not looking that bad.
Yes, as an investor we don’t know everything, we cant know everything. Investing is all about taking bets in uncertain future.
Midcap Momentum Portfolio (25-10-2024)
@gautamashukla There are two videos that I had posted previously. You can find them around the 250th message in a thread called “Smallcap Momentum Portfolio”. That will explain the strategy and how the sheet is used.
IndusInd Bank drops as Q2 PAT slides 39% YoY to Rs 1,325 crore (25-10-2024)
IndusInd Bank tumbled 15.85% to Rs 1,076.20 after the bank reported 39.24% decline in standalone net profit to Rs 1,325.45 crore in Q2 FY25 as against Rs 2,181.47 crore posted in Q2 FY24.
Neutral on TVS Motor Company, target price Rs 2,610: Motilal Oswal Financial Services (25-10-2024)
Motilal Oswal Financial Services maintains a neutral stance on TVS Motor Company, setting a target price of Rs 2,610. The company reported a consolidated total income of Rs 11,333.99 crore for the quarter ended 30-09-2024. Despite recent product launches, TVS Motor’s performance, particularly in motorcycles, lags behind the industry. Export outlook remains weak.