Rail Vikas Nigam (RVNL) secured a Rs 270 crore contract to build elevated metro stations for Maharashtra Metro Rail Corporation. Despite recent financial setbacks, RVNL shares rose significantly this year. The company will construct ten metro stations spanning two reaches over 30 months.
Q2 will broadly remain a muted earnings season: Smallcase Manager Narender Singh (17-10-2024)
Investing should be considered only when there are clear signs of reversal, which are currently absent in most defence stocks. Only a few exceptions show some stability, so it’s better to wait for stronger indications of a recovery.
Stock to Watch: Cochin Shipyard shares in focus as OFS opens today for retail investors (17-10-2024)
Government decides to use the greenshoe option in Cochin Shipyard OFS after receiving Rs 1,984 crore in bids from institutional investors. Retail buyers can bid on Thursday. Cochin Shipyard shares fell 5% to Rs 1,588.35. The government’s planned stake sale is set at Rs 1,540 per share, potentially fetching over Rs 1,980 crore.
Zomato – Should you order? (17-10-2024)
Macquarie on Zomato vs Swiggy
Macquarie_Zomato_versus_Swiggy_Comparison;_Swiggy_appears_4_6_quarters.pdf (792.3 KB)
Stock to Watch: Axis Bank shares in focus ahead of Q2 results (17-10-2024)
Axis Bank’s shares will be in focus as the private lender reports its September 2024 quarter results, expected to show an 8% rise in net profit year-on-year. Despite recent underperformance, NII is estimated to grow by 10%, supported by lower sequential slippages.
HCL Technologies (17-10-2024)
Many times, HCL Tech is ignored when the likes of Tala Elxsi, Tata Technologies, LTTS and KPIT. However, E&RD is a big chunk of their portfolio and this is one area that can make or break their future revenues if that sector takes any hit due to global slowdown.
Sandhar Technologies – An emerging market leader (17-10-2024)
Sandhar Tech
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Margins will expand by 50 bps for FY25 and a further 50 bps for FY26
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Deleveraging the balance sheet
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Improving return ratios
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Expanding the product portfolio and increasing content per vehicle
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EV will start contributing significantly in FY26 & Smart Locks to start from Oct/Nov
Prestige Estate – Will it increase the Prestige of Retail Investors (17-10-2024)
Prestige Estates
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Pre-sales growth: 25-30% (26,000-27,000 Cr)
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Annuity portfolio: 5X in the next 4 years (> 4,000 Cr by FY28)
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Total Launch Pipeline of over 60,000 Cr + 12,000 Cr worth of inventory
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Value Unlocking : Hospitality Portfolio