Indus Towers reported a 71.7% on-year jump in net profit to Rs 2,224 crore in its fiscal second quarter, on the back of strong tower additions and steady collection of past overdues from Vodafone Idea (Vi). Quarterly revenue grew 4.7% on year to Rs 7,465 crore in the July-September quarter.
BLS International (22-10-2024)
Monthly chart looks fairly in an uptrend since 3 years, though in side ways for about 9 months…
Discl: Not invested; Interested to further review the business outlook.
Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife (22-10-2024)
Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.
Kovai Medical Center and Hospital – Health and Wealth (22-10-2024)
I see it as 3-year project. 1.5 year on setup and another 1.5 -2 year of establishing operation and attaining decent occupancy/utilization. Not really worried about what happens in between.
Disclosure: Invested
Use of cash still dominant, but digital modes are catching up quite fast (22-10-2024)
As of March 2024, cash still accounts for 60 percent of consumer expenditure but is rapidly declining post-COVID. Digital payments, particularly UPI, have surged, with their share in total transactions doubling and cash usage reducing significantly, indicating a shift towards digital modes.
Put buyer made ₹1.26 Cr today due to steep plunge in the market (22-10-2024)
Put buyers made enormous gains today. Trader @GripFangWolf reported verified earning of ₹1.26 Cr. He also reported verified earning of ₹1.34 Cr on Oct 7. He says he turned profitable recently after 2.5 years. His account was down to 7.64 L just a month back & is now ₹2.69 Cr
![[IMG]](https://pbs.twimg.com/media/GagNhRVbcAANabb?format=jpg&name=large)
![[IMG]](https://pbs.twimg.com/media/GagNhRVbEAUKx2K?format=jpg&name=large)
Silver hits Rs 1,00,000 mark in Delhi-NCR’s bullion market. 10% uptick seen by Diwali (22-10-2024)
Silver prices have touched the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets, rising by over 3% or by Rs 8,200 in just three weeks. Commodity experts expect a 3-5% increase in prices in the run-up to Dhanteras. Meanwhile, on the MCX, the December Silver contracts hit a new lifetime high of Rs 99,475, gaining by Rs 2019 or over 2%.
Raymond Lifestyle – Core business Demerged (22-10-2024)
Hello Everyone,
I recently evaluated Raymond Lifestyle. The short version of my longer article is this :
New Listing Alert: On Sept 5, 2024, Raymond Lifestyle Ltd. (RLL) debuted after a long-awaited spin-off from Raymond Ltd., signaling a fresh start for the brand.
Internal Turmoil: Governance concerns have haunted Raymond Ltd. for over 8 years, fueled by a public father-son feud. There were other related party concerns also. But this could be an interesting opportunity for reasons described below.
Hidden Value? Despite CG issues, RLL’s stock has shown multiple instances of doubling or more over the past 14 years. This is important because I was under the impression that CG issues lead to poor stock performance, which is true, however, there were periods in the last 14 years where the stock did quite well. It made me question how to think about companies with CG issues.
De-merger Dynamics Unpacked: The spin-off led to a wave of selling by index funds, sparking potential opportunities for investors.
Index Inclusion Watch: RLL may find its way into the Nifty Smallcap250 Index in early 2025, potentially triggering further fund flows—but that’s not enough. We need a fundamental improvement in the business to get a re-rating on the business.
A Fresh Approach: With a revamped management team and an asset-light franchise model (let’s see how that goes), RLL is optimizing costs, improving EBITDA margins, and focusing on core segments for growth.
Valuation Insights: Current valuations suggest a range of ₹10,000 Cr to ₹20,000 Cr, with a Market cap of 13,500 Cr, we believe it is trading at the lower end of the valuation band.
What’s Next? Is this a turnaround story or a classic bull-market flash? We need to track the business and how it progresses under the new management team.
RISKS
- Sales growth of the core business has been slow and it competes with High Quality competitors in each of the 4 business segments.
- Error in estimating valuations. The company may NOT be as cheaply priced as we estimate.
- Competition
- Promoter decides to interfere and change strategy set by the new management team.
- Other Risks that pertain to all companies…