SBI likely to raise up to Rs 5,000 crore via AT-1 bonds soon (14-10-2024)
SBI is likely to raise up to Rs 5,000 crore through AT-1 bonds next week to boost its core equity capital amid strong credit demand. AT-1 bonds are perpetual bonds used by banks to augment their core equity capital
IREDA is a good buy for target price of ₹280 (25% upside) (14-10-2024)
IREDA's business growth & margins are aided by Govt’s focus on renewable sector. Foray in retail segment is aiding delivery of steady return ratio on a sustained basis. Capital raising of ₹4500 Cr will aid future growth & is book accretive. TP ₹280 (25%)
Vikas Khemani is “highly bullish” on the IT sector (14-10-2024)
Vikas Khemani says he is "highly bullish" on the IT sector & that it is one of the "best opportunities"to benefit from the US interest rate cycle. BFSI spending is picking up in the US. Tier 1 cos are reporting robust growth. His Fund holds Newgen Software
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Vijay Kedia & Akash Bhanshali are big beneficiaries of Sudarshan’s takeover of Heubach (14-10-2024)
Vijay Kedia & Akash Bhanshali are big beneficiaries of Sudarshan's takeover of Heubach. Kedia holds 1.44% worth ₹116 Cr. Bhanshali holds 8.1% worth ₹650 Cr. Entity will be major player in specialty chem in USA & Europe. EBITDA will rise from ₹300 Cr to ₹800 Cr within 3 years
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Angel One Q2 results: Cons PAT jumps 39% YoY to Rs 423 crore, revenue up 44.5% (14-10-2024)
Angel One reported a consolidated net profit of Rs 423 crore in Q2FY25, up 39% from Q2FY24. Total revenue from operations stood at Rs 1,515 crore, up 44.5% YoY. On a sequential basis, PAT was up 45% from Q1FY25. Consolidated total gross revenues for the reported quarter stood at Rs 1516 crore versus Rs 1,410 crore in Q1FY25, a growth of 7.5% QoQ