The new measure will take effect from November 20, 2024, for all newly introduced index derivatives contracts, including weekly, monthly, quarterly, and half-yearly, according to an NSE circular. The Nifty50 lot size has been increased threefold, from 25 to 75 contracts, while the Nifty Bank lot size has doubled from 15 to 30.
Dividends, bonuses, stock split, rights issue: HCL Tech, LTIM, LTTS among 18 stocks to watch next week (19-10-2024)
HCL Technologies, LTIMindtree, L&T Technology Services (LTTS), and several other companies are expected to be in the spotlight next week as they approach their record dates for dividends, bonus issues, and stock splits.
RBL Bank Q2 Results: Standalone profit falls 24% YoY to Rs 223 crore, but NII grows 9% (19-10-2024)
RBL Bank Q2 Results: The company’s NII for the quarter was Rs 1,615 crore, with net interest margins (NIMs) at 5.04%. Operating profit rose 24% YoY to Rs 910 crore. For the half-year, RBL Bank’s net profit increased by 2% YoY to Rs 594 crore, with NIMs at 5.35%.
Goldiam International : A rare shareholder friendly and debt free Jewelry company (19-10-2024)
Can someone help me with current capacity of Goldiam per annum in terms of carats and how many reactors do they have ?
Goldiam International : A rare shareholder friendly and debt free Jewelry company (19-10-2024)
Can someone help me with current capacity of Goldiam per annum in terms of carats and how many reactors do they have ?
Forensics and the art of triangulation (19-10-2024)
Below is an interesting case of red flags. You’re welcome to check it out and correct me if I’m wrong somewhere or add to the list of red flags
(Note- This was done through just a cursory glance on the financials and fy24 annual report. So it’s not thorough)
Company name – BLUE CLOUD SOFTECH SOLUTIONS
PE – 137
Market cap- 3526cr
Here we go:
Its a Simple chain of thought
Sudden increase in revenues → negative Operating cash flows last 2 years (so sales are probably fictious) → promoter stake has come down from 55% to 2% in space of 3 years (if sales growth is so fast why is promoter rapidly selling stake → the stake sale has been accompanied with huge rise in share price , from 13 rs to 250rs high… so probably operator driven stock… promoter – operator nexus very likely-> warrants were alloted at very cheap prices and then sold by promoter at inflated prices to retail investors-> so operator drives stock up, promoter dumps stock on dumb retail investors
Also name of company is very fancy…to lure in the unsuspecting public
Company has 1 cr of fixed assets like property and computers (48cr of intangible assets in fixed assets) … doing 500cr sales…highly unlikely
50cr investment as loan given to related party (IT corpz ltd) … quite possibly siphoning of off funds from listed company to unlisted promoter company
Out of 504cr revenue, 186cr is from foreign branch (many times it has happened… where a listed company reports revenue from foreign branch/subsidiary only for that subsidiary to turn out fictious… Brightcom group is an example)
Statutory auditor resigned
No details given in annual report about the number of employees on company books…no details about promoter remuneration. No details of management discussion on industry and company operations.
Subsidiary was bought for 50cr from some parties through share swap arrangements (Did’nt look into it in depth, could be a plethora of red flags in here as well)
Disclaimer: This was just an interesting exercise to perform. waiting to hear you guys’ opinion
Forensics and the art of triangulation (19-10-2024)
Below is an interesting case of red flags. You’re welcome to check it out and correct me if I’m wrong somewhere or add to the list of red flags
(Note- This was done through just a cursory glance on the financials and fy24 annual report. So it’s not thorough)
Company name – BLUE CLOUD SOFTECH SOLUTIONS
PE – 137
Market cap- 3526cr
Here we go:
Its a Simple chain of thought
Sudden increase in revenues → negative Operating cash flows last 2 years (so sales are probably fictious) → promoter stake has come down from 55% to 2% in space of 3 years (if sales growth is so fast why is promoter rapidly selling stake → the stake sale has been accompanied with huge rise in share price , from 13 rs to 250rs high… so probably operator driven stock… promoter – operator nexus very likely-> warrants were alloted at very cheap prices and then sold by promoter at inflated prices to retail investors-> so operator drives stock up, promoter dumps stock on dumb retail investors
Also name of company is very fancy…to lure in the unsuspecting public
Company has 1 cr of fixed assets like property and computers (48cr of intangible assets in fixed assets) … doing 500cr sales…highly unlikely
50cr investment as loan given to related party (IT corpz ltd) … quite possibly siphoning of off funds from listed company to unlisted promoter company
Out of 504cr revenue, 186cr is from foreign branch (many times it has happened… where a listed company reports revenue from foreign branch/subsidiary only for that subsidiary to turn out fictious… Brightcom group is an example)
Statutory auditor resigned
No details given in annual report about the number of employees on company books…no details about promoter remuneration. No details of management discussion on industry and company operations.
Subsidiary was bought for 50cr from some parties through share swap arrangements (Did’nt look into it in depth, could be a plethora of red flags in here as well)
Disclaimer: This was just an interesting exercise to perform. waiting to hear you guys’ opinion
These 4 stocks witnessed a rise in prices with volumes in last 3 days (19-10-2024)
An ETMarkets analysis of BSE stocks with a market cap over Rs 250 crore shows that four stocks have consistently seen increases in price, trading volume, and delivery volume over the past three sessions (October 16-18), suggesting growing investor interest.