Mcap of 7 of top-10 most valued firms erode by Rs 1.22 trn; TCS, RIL lag (13-10-2024)
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities.
Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36.
The market valuation of country’s largest IT firm Tata Consultancy Services (TCS) tumbled Rs 35,638.16 crore to Rs 15,01,723.41 crore.
The valuation of Reliance Industries slumped Rs 21,351.71 crore to Rs 18,55,366.53 crore.
ITC’s valuation dropped Rs 18,761.4 crore to Rs 6,10,933.66 crore, while that of Hindustan Unilever Ltd’s mcap was down Rs 16,047.71 crore to Rs 6,53,315.60 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) tanked Rs 13,946.62 crore to Rs 6,00,179.03 crore and that of ICICI Bank eroded Rs 11,363.35 crore to Rs 8,61,696.24 crore.
Also, HDFC Bank’s mcap declined Rs 4,998.16 crore to Rs 12,59,269.19 crore.
Howeve
Q: email notifications on new topics / ‘follow’ a user (13-10-2024)
Wow…! Thank you! I know this post do not add value, but wanted to say thanks. Please flag or delete if admin desires
Rajasthan BJP leaders to meet JP Nadda, Amit Shah to discuss candidate names for bypolls: Sources (13-10-2024)
Rajasthan BJP leaders are set to meet JP Nadda and Amit Shah to finalize by-election candidates for 7 assembly seats. By-elections were necessitated due to some MLAs becoming MPs and a couple of deaths. The Election Commission will announce poll dates soon.
HCL Tech Q2 preview: PAT may jump 5-15% YoY; up to 9% revenue growth seen (13-10-2024)
India’s third largest IT company by way of market capitalisation, HCL Technologies is expected to report revenue growth at 7.1%-9.2% on a year-on-year basis for the quarter ended September 30, 2024. Estimates by five brokerages peg revenue figures between Rs 26,672 crore and Rs 28,710 crore in Q2FY25.
Websol energy system ltd (13-10-2024)
No. The 1.1 Crs. Is based on the March 2024 price but there may be an increase in the price from April 2024 as the cell efficiency was improved to 23.2 % from initial 17%.
However, company announced in May 2024 press release that they tied up with various buyers and blocked 80% of the FY24-25 capacity for DCR market.
So, my understanding is the price is fixed at the time of purchase order. Hence, i used 1.1 Crs/ MW. If price escalation was accommodated in the PO then the Rev and NPM will change accordingly. 
Moreover, The plant operated at 75% capacity in Q1 as per the press release. Websol reported a revenue of Rs.112 Crs for Q1, my calculation is ((600/12)*75%*3))*1.1 = 123.5 Crs. Which is just 10% higher than the reported value. So, more or less the assumption is okay.
Edelweiss Financial Services (13-10-2024)
According to my sources – this stock may head for 200’plus levels in coming month – there are lot of plans in pipeline management is determined about value unlocking
FPIs take out Rs 58,711 cr from equities in Oct on geopolitical crisis, strong Chinese stocks (13-10-2024)
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September.