Hyundai India’s IPO closed with subscription of 2 times, driven by institutional investors. Retail and non-institutional investors didn’t fully subscribe due to expensive pricing. Grey market premium fell to 0. Analysts suggest long-term investment in Hyundai IPO due to its strong position in the growing passenger vehicle market.
Hyundai India fends off a scare as IPO booked 2.37 times on last day, but GMP down to 0 (17-10-2024)
ECB cuts deposit rate by 25 bps to 3.25% as expected, says well on track to tame inflation (17-10-2024)
The ECB cut its deposit rate by 25 basis points to 3.25%, citing sluggish economic growth and easing inflation. Policymakers express concern over high domestic inflation driven by wage increases and volatile energy costs. Further rate cuts are anticipated, though no commitments were made.
Havells India Q2 Results: Cons PAT rises 7.5% YoY, revenue jumps 16% (17-10-2024)
While yearly revenue jumped by 16.4% to Rs 4,539.31 crore, the company experienced a decline on a quarterly basis. Profit fell by 34.3% and revenue dropped by nearly 22% compared to the previous quarter.
Infosys Q2 net profit rises 4.7% (17-10-2024)
Infosys Ltd on Thursday reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth. Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
Midcap Momentum Portfolio (17-10-2024)
i have just converted a few of my SIP’s of active running funds into momentum index funds…
would love regular updates here of ur rebalances…
thanks
PS…even i wanted to run this momentum pf myself…but i chose the index way bcoz of 2 reasons…
- shortage of time spent on the exercise
- more tax effecient ( as we pay tax only when we sell mutual fund units)
Jindal Stainless Q2 Results: PAT up 2% at Rs 589 crore, sees tailwinds in domestic market (17-10-2024)
July-Sep quarter sales at Rs. 9746 crore remain flat as dumping from China and Vietnam continues, says company.
Midcap Momentum Portfolio (17-10-2024)
Thanks…
I was thinking relative momentum for stocks comparison. But later realized that it may be same as sorting or else if we want to do it truly we need to find their relative momentum in industry which is complex.
For Cochinship, I tried changing date & calculation. You are right, chochinship is coming at 11th place.
However if you see the chart, it was even below 30SMA (daily)… May be we need to study if all other have fallen (or sideways with low 6 month increase) at the same rate. So adding another check might help…
Few more questions
- What is the significance of calculation beyond yellow highlighting in raw_data sheet (columns 559 to 567)?
- Have you used any backtesting library? Using google sheet is cumbersome to check historical pf value.
Shemaroo Entertainment reports consolidated net loss of Rs 26.22 crore in the September 2024 quarter (17-10-2024)
Sales decline 18.53% to Rs 162.06 crore
Tata Chemicals consolidated net profit declines 54.67% in the September 2024 quarter (17-10-2024)
Sales rise 0.03% to Rs 3999.00 crore