A total of 7,115 shares changed hands on the counter till 12:32PM (IST).
‘Unhappy’ Congress will not join council of ministers in J-K for the moment (16-10-2024)
Omar Abdullah has been sworn in as the first chief minister of Jammu and Kashmir Union Territory, while the Congress party, citing unmet promises of statehood restoration, has decided to stay out of the new government. National Conference and Congress together hold a majority in the assembly.
United Spirits declines 0.1% as Sensex slides (16-10-2024)
The stock traded at a P/E multiple of 79.4, while the price-to-book value ratio stood at 11.55.
Hyundai Motor India Limited – HMIL (16-10-2024)
According report, Hyundai will launch four new locally-manufactured battery-powered vehicles in the country as part of its expansion plans.
Creta EV launch in Jan 2025 followed by Inster EV, Venue EV and Grand i10 Nios EV.
Hyundai intends to make India as one of primary EV manufacturing hubs. Initial production targets are around 26,000 units for Creta EV and 65,000 units for Inster-based EV. Further, Hyundai recently committed Rs 20,000 crore for EV development in India over the next eight years.
Source: Express Drives
Personal Note: If we think that EV is the future, then only 2-3 companies will not be able to fulfill the needs of India.
Hyundai Motor India IPO GMP inches up on Day 2; subscription rises to 0.22x (16-10-2024)
The public issue of Hyundai Motor India, which concludes tomorrow, is available at a price band of Rs 1,865-Rs 1,960, with a lot size of 7 shares
Power grid – a superior alternative to Invits (16-10-2024)
My views about power grid investments – this provides a great cashflow as dividends to investors pocket and appreciation in price in long term. I’m not accumulating now at this valuation, my buy avg was around 150.
Adani Power shares fall 1.57% as Nifty drops (16-10-2024)
A total of 55,918 shares changed hands on the counter till time (IST).
IREDA: Renewable Energy Powerhouse (16-10-2024)
It’s one of the stocks where there is always some promising new development. Fortunately or unfortunately we are now in the phase of market where easy liquidity seems to be peaking and now valuations are in driving seat. We have already seen sharp corrections in many overvalued but darling stocks without any meaningful bounce back.
At 7 times book, those investing in IREDA now will have to brace for a long slog to get any meaningful return. Ireda might be a great company but so was (and is) Bajaj Finance in its heyday in 2021 commanding 12 times book and now at 6 times book stock still has very few takers.