The fire in Meghmani is back again like clockwork.
Visco Trade Associates Ltd (20-10-2024)
When I was filtering some companies, I found this Visco Trade Associates Ltd share price | About Visco Trade | Key Insights – Screener
The company is NBFC and it seems the classification of promoter and public changed recently. I couldn’t find any much red flags expect the stock is trading at P/B of 4.68 Is there any thing which I am missing?
Thanks
Electronics Mart India Limited- EMIL (20-10-2024)
cc70af90-da0b-4103-8ec5-4c836919f17f.pdf (367.5 KB)
A new 11400 square feet multi brand store (MBO) opened in Delhi today and another in Andhra Pradesh on 17th October.
The company is expanding aggressively Delhi NCR region and capturing the market share in electronics consumer goods and durables.
Kaynes Technology India Limited (20-10-2024)
Smart meters and semiconductor business is poised to grow exponentially in India and globally. Kaynes Technology has established itself as the preferred and emerging trusted player.
Tye new Hyderabad plant has started manufacturing smart meters and the expected order book from smart meters alone is expected to be 6000 Crores by FY 2027. The company aspires to become the largest smart meter manufacturer in India. A total of 110 million smart meters have been awarded, with another 110 million yet to be awarded. Currently, smart meters contribute approximately 10% to total sales, expected to rise to 15% as production ramps up.
The latest order book is above 5000 crores.
As far as the PE goes, it’s always going to be high because the market is expecting Kaynes to generate profits at a much higher rate than its peers. If you wait for its PE to lose steam, you may miss the bus.
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (20-10-2024)
Isn’t it pretty much the same story for all major private banks? All of them are juggernauts with subsidiaries in AMC, Insurance and similar verticals. There’s hardly any differentiation on that aspect, except that it justifies these banks trading above 2x P/B multiple compared to smaller private bank peers who don’t have such subsidiaries.
Reliance Infrastructure’s Rs 6,000-cr fundraising plan gets shareholders’ nod (20-10-2024)
Reliance Infrastructure shareholders have approved a plan to raise Rs 6,000 crore through a preferential issue of shares and qualified institutional placement. The first phase will involve raising Rs 3,014 crore, with significant investments coming from the company’s promoters and major financial entities.