If Nifty stays below 24,690, it may fall further to 24,500–24,400 levels. On the upside, immediate resistance is at 25,000, with the 21-day Exponential Moving Average (21-DEMA) at 25,185, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
Tech view: Nifty crucial support at 24,690, forms big red candle. How to trade tomorrow (17-10-2024)
NPST – Technology Provider for UPI Tech (17-10-2024)
H1 EPS is 17.39 against Fy 24 full year EPS of 13.78 (adjusted for bonus) already 26% more and a full H2 to go…if they keep up with the 15% per qtr growth, we may see them with 44Cr profit in H2 or an EPS of 20
lets see whats in store as far as Management commentary on 21st Oct.
Cash too has doubled from 61 Cr in Mar 24 till Sep 24! Feeling good about the performance.
Sequent Scientific allots 60,000 equity shares under ESOP (17-10-2024)
Consequent to the allotment of the aforesaid equity shares, the issued and the paid-up equity share capital of the Company will increase from Rs. 49,91,63,990/-consisting of 249581995 Equity Shares of Rs. 2/- each to Rs. Rs. 49,92,83,990/-consisting of 249641995 Equity Shares of Rs. 2/- each.
Manappuram Finance (17-10-2024)
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Manappuram Finance (17-10-2024)
While Manappuram’s long track record in gold loan gives so much confidence I am not so sure about the other part of their portfolio. They have seen many cycles in gold loan but the problem is that now only about half of AUM is gold loan; a quarter of it is in MFI .I don’t know how to look at it but the signals are not so great.
A couple of days ago Manappuram was in news for this reason . Today it is about Asirvad . RBI has pointed out the usurious lending practices.
One instance of press coverage may not tell the standards set in lending practices, if any, but neither do such instances taken together gives one confidence in the direction they are taking.
While both Manappuram and Muthoot are known as gold lenders , for Muthoot more than 80% AUM is gold loan. This should be taken into account while comparing both.
Aditya Birla Capital allots 93,808 equity shares under ESOS (17-10-2024)
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Western Carriers wins contract worth Rs 41 cr from Tata Steel (17-10-2024)
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BD Security files papers with NSE Emerge for IPO (17-10-2024)
The company plans to issue 44.56 lakh fresh equity shares with a face value of ₹10 each