Amnish Aggarwal analyzes market trends, noting leadership shifts among sectors and stocks. He highlights near-term pressures on banks such as HDFC and the positive outlook for Federal Bank. Performance in IT, retail, and auto sectors is also discussed, along with Adani Group’s strategic financial moves. The future outlook remains cautious but optimistic.
Cummins India shares up 0.83% as Nifty drops (15-10-2024)
A total of 2,920 shares changed hands on the counter till 11:20AM (IST).
Stock market update: Stocks that hit 52-week highs on NSE (15-10-2024)
Premier Poly, MITCON Const & Engg.(PP), Nupur Recyclers, Nalwa Sons Invst and Chemfab Alkalis, hit their fresh 52-week highs at 11:19AM.
Lupin launches first generic of Pred Forte Ophthalmic Suspension in the US (15-10-2024)
Prednisolone Acetate Ophthalmic Suspension USP, 1% is a generic equivalent of Pred Forte Ophthalmic Suspension, 1% of AbbVie, Inc. and is indicated for the treatment of steroid responsive inflammation of the palpebral and bulbar conjunctiva, cornea, and anterior segment of
the globe. Pred Forte had estimated annual sales of USD 198 million in the U.S. (IQVIA MAT August 2024).
Sensex falls! These stocks are down 5% or more on BSE (15-10-2024)
In the Nifty pack, 14 stocks were trading in the green, while 35 stocks were trading in the red.
TD Power jumps after bagging overseas orders worth Rs 142 cr (15-10-2024)
TD Power Systems rallied 4.72% to Rs 404 after the company received two large orders from two major international gas engine original equipment manufacturers, with a combined value of Rs 142 crore for the supply of gas engine generators.
Phantom Digital Effects Limited (15-10-2024)
Future Growth Guidance
Strong Revenue Growth: The company has provided future guidance with a projected 20%-25% revenue growth** for FY25 (conservative estimates), with expectations for upward potential once market conditions improve.
International Expansion: PhantomFX is focusing heavily on international markets, especially North America and Europe. The acquisition of Tippett Studio is expected to drive substantial growth, with potential revenue increases projected to exceed previous years by multiple times.
New Segments: Management is expanding into animation and gaming, which opens new revenue streams. Their existing projects, such as securing major contracts from streaming platforms like Netflix and Disney, and moving into proprietary IP (intellectual property) projects, position them for continued success in the entertainment industry.
Scalability: The company expects to expand its workforce by 250-300 employees across India, the US, and Canada. This workforce expansion is aligned with increasing demand for projects in both the domestic and international markets.
Risks
Receivables and Cash Flow Risk: There have been mentions of a significant increase in receivables (INR 40-50 crores), and a notable percentage of these receivables have been delayed due to external factors such as the North American strike in the entertainment industry.
“This indicates potential cash flow risks that could impact short-term liquidity.”
Project Delays Due to Strikes: The strikes in North America have delayed several international projects, which impacted billing cycles. Although the company has diversified into domestic markets, the strikes slowed revenue recognition from key markets like Hollywood.
Dependence on Key Projects: While PhantomFX has a strong order book and project pipeline, the financial performance is dependent on the timely completion and success of high-profile projects like Ayalaan and the ongoing work with major streaming services.
High Competition and Margin Pressure: The VFX industry is highly competitive, and though PhantomFX has established a strong position, future profitability might face pressure as the company expands and invests heavily in technology, R&D, and infrastructure.
Sunteck Realty stock jumps 9% on strong Q2 business update (15-10-2024)
Sunteck Realty’s shares rose nearly 9% to ₹602.30 on Tuesday after reporting Q2 FY25 pre-sales of ₹520 crore, a 33% YoY increase. Collections surged 25% YoY to ₹270 crore. Since the pandemic, the company has launched seven projects totaling about 26.5 million square feet using an asset-light model.