Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to weak earnings and profit-booking, with Sensex falling 73 points to 81,151 and Nifty dropping 73 points to 24,781.
Rupee ends flat at 84.07 against US dollar (21-10-2024)
Investors remained cautious and stayed away from riskier assets due to geopolitical uncertainties, forex dealers said
Supriya Sule fires convenient morality barb at Sena over ‘removal’ of Gauri Lankesh murder case accused (21-10-2024)
Shrikant Pangarkar, who was granted bail by the Karnataka High Court in September, joined the Shiv Sena on Friday in the presence of party leader and former minister Arjun Khotkar, ahead of the Maharashtra assembly polls.
Geospatial sector – Sunrise Opportunity (21-10-2024)
Ceinsys Tech is currently working on several “ïmportant” projects across different sectors:
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Wainganga-Nalganga river link project: Ceinsys Tech has emerged as the lowest bidder (L1) for this project in Maharashtra, with a contract value of ₹385.15 crore(LOA yet to receive ) . The project involves preparing a detailed project report for linking the Wainganga and Nalganga rivers across seven districts in Maharashtra[
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State Water and Sanitation Mission (SWSM) project in Uttar Pradesh: Ceinsys Tech received an extension until December 31, 2024, for a major project from SWSM, Uttar Pradesh. They are acting as a consultant for Third Party Inspection (TPI) and monitoring of physical and financial progress for various Rural Water Supply Projects in the Chitrakoot cluster
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New Mexico Lidar project: The company was awarded a service order from Fugro USA Land Inc. for extracting all assets for a New Mexico 2023/2024 Lidar project covering 15,581 miles. The order value is ₹5.26cr
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Maharashtra Housing Development Authority (MHADA) project: Ceinsys Tech received a Letter of Acceptance from MHADA for a project worth ₹27.77 cr
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Water and Sanitation Mission (SWSM) project in Maharashtra: The company received a Letter of Award from SWSM, Water Supply and Sanitation Department, Government of Maharashtra for Phase II, amounting to ₹331.61 Crores
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City and Industrial Development Corporation of Maharashtra Limited (CIDCO) project: Ceinsys Tech received a letter of acceptance from CIDCO for an undisclosed project
These projects showcase Ceinsys Tech’s involvement in various sectors, including water resources management, sanitation, geospatial services, and urban development across different states in India.
Discl: Invested ,views are biased
Tata Consumer Products Limited (TATACONSUM) (21-10-2024)
Only Headwind company faces is the competition from Campa-Cola in the RTD business. Company has been forced to reduce margins.
Have not looked at full concall. Will post thoughts then. But today’s movement makes no real sense to me.
Beverages will bounce back in couple of quarters. Coffee is doing good. India foods can do much better but is solid.
What has really changed in last quarter that stock is down 15-20% from highs is something to look at.
Niva Bupa gets Sebi nod for Rs 3,000 crore IPO (21-10-2024)
Niva Bupa Health Insurance, known as Max Bupa, has received final observations from the capital markets regulator Sebi for its IPO. The issue aims to raise Rs 3,000 crore, with Rs 800 crore being raised through fresh issuance of shares and up to Rs 2,200 crore through an offer for sale by existing shareholders of the company.
Poor guys small portfolio (21-10-2024)
As you are reading books, there is no way you will not succeed. Any individual investor reading good investment books will certainly succeed in the market [we cant say that for professional investors as they have to take care of many other things]. I don’t know any successful individual investor who does not read a lot, and don’t know any unsuccessful individual investor who reads a lot. Keep on reading.
Yes, your portfolio is tilted towards finance; but in the present scenario, it is good. In a falling interest rate scenario, financials do well generally.
Sensex falls! These stocks fell 5% or more in Monday’s session (21-10-2024)
In the Nifty pack, 15 stocks closed in the green, while 35 stocks ended in the red.
Bandhan Bank, Ashok Leyland among 5 stocks with long unwinding (21-10-2024)
Long unwinding occurs when investors sell stocks or positions they have held for an extended period, either to lock in profits or to exit in anticipation of a bearish market trend.
Godavari Biorefineries’ GMP muted ahead of issue opening on October 23 (21-10-2024)
Godavari Biorefineries IPO opens on October 23, priced at Rs 334-352 per share. Grey market premium is Rs 0, indicating a potential flat or negative listing. The issue includes a fresh equity sale worth Rs 325 crore and an offer-for-sale of up to 6.53 million shares by existing shareholders and promoters.