Chennai Petroleum Corporation Ltd leads losers in ‘A’ group (23-10-2024)
Rajesh Exports Ltd, Gujarat Fluorochemicals Ltd, ABB India Ltd and Mahindra & Mahindra Financial Services Ltd are among the other losers in the BSE’s ‘A’ group today, 23 October 2024.
TCC Concept Ltd.- An Unexplored Data Center Play (23-10-2024)
Add detailed risk analysis, last 5 yrs financials.
SC sets aside NCLAT order against Byju’s (23-10-2024)
In a significant verdict, the Supreme Court on Wednesday set aside the National Company Law Appellate Tribunal’s (NCLAT) verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju’s. A bench of Chief Justice D Y Chandrachud, and Justices J B Pardiwala and Manoj Misra also reversed the order of the NCLAT approving Byju’s Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) and directed the cricket board to deposit the settlement amount of Rs 158.9 crore with a committee of creditors.
Indiabulls Housing – A compounder from here? (23-10-2024)
How integral is Gagan Banga to Sammaan? He seems to have stuck with the company through its downturn. I am hoping he will continue to stay with the company.
How is Sammaan’s ESOP diluting the existing shareholders? Which companies in India have sensible ESOPs where the strike price makes sure that the management takes up skin in the game without diluting the share holders too much?
SBI Life Q2 Results: PAT jumps 39% YoY to Rs 529 crore, NPI up 1% (23-10-2024)
SBI Life reports a 39% YoY increase in Q2 net profit to Rs 529 crore. Net premium income grew marginally to Rs 20,266 crore, while investment income surged 132% YoY to Rs 19,753 crore. The insurer’s AUM rose 27% to Rs 4.38 lakh crore.
Godrej Properties gains after Q2 PAT zooms to Rs 335 cr (23-10-2024)
Godrej Properties (GPL) advanced 2.08% to Rs 2,968 after the company’s consolidated net profit soared to Rs 335.21 crore in Q2 FY25 as against Rs 66.80 crore posted in Q2 FY24.
City Union Bank (CUB) ~ Conservative Lending Franchise (23-10-2024)
I have been tracking CUB for quite some time. I am more of a technical guy and have been swing trading. I was waiting for the results, and it seemed decent. Saw a huge jump yesterday with the “highest ever single-day volume”. (Have a look at the chart)
Huge buying has occurred, and volumes have generally been heavy in the last year. We can see big moves in the near future as banks recover.
I bought it to sell around ATH levels but now might hold for longer tf.
<Personally invested, views may be biased>
Huhtamaki India Ltd leads losers in ‘B’ group (23-10-2024)
Diffusion Engineers Ltd, SIL Investments Ltd, Tainwala Chemicals & Plastics (India) Ltd and Indo US Bio-Tech Ltd are among the other losers in the BSE’s ‘B’ group today, 23 October 2024.