IREDA: Renewable Energy Powerhouse (12-10-2024)
IREDA launches its retail subsidiary -receives Govt approval
The wholly owned subsidiary to focus
on the retail business B2C under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes and B2C segments in RE and Emerging RE sector including EVs, Energy Storage, Green Technologies, Sustainability, Energy Efficiency,
Hero Motor – Leader in two wheeler (12-10-2024)
Hero owns 40 pc stake in Ather Electric. That’s a key positive. In all probability, they are likely to take it up beyond 50 pc. That’s one ( Clearly – they ll end up having deep pockets with Hero’s parentage )
Secondly – Ather – has a far better product perception vs Ola which is currently undergoing a very rough patch wrt piling customer complaints and product breakdowns. Till last year, Ola looked like a clear winner. The tables have now started to turn. Ather docent face these issues
Bajaj Chetak sells around 22-23k EVs / month. They said that they ll start to break even ( at EBITDA levels ) when they start to sell > 25k / month
Ather is currently doing about 12-13k EVs / month
Ola used to do > 40k EVs / month which have now fallen to around 25 k EVs / month due increased customer complaints and bad publicity thereof
Just wanted to highlight these points – not that I recommend or I intend to apply for the IPO
Pennar Industries Limited (12-10-2024)
Not able to Locate AGM Link or Transcript anywhere. Did any one attend it, can they share notes pls?
UP BJP leaders to meet central leadership to discuss bye-elections (12-10-2024)
Senior BJP leaders from Uttar Pradesh will meet Union Ministers Amit Shah and JP Nadda in Delhi to discuss upcoming by-elections and party organisational issues. The meeting will include Chief Minister Yogi Adityanath and other key state BJP figures. These by-elections are crucial for BJP to regain its momentum in Uttar Pradesh.
FPIs continue selling spree, dump ₹58,711 crore in equities in 11 days of October (12-10-2024)
Second consecutive week of ‘Sell India, Buy China’ plays out
How to understand RoE: Essential insights for investors (12-10-2024)
ROE measures a company’s profitability relative to shareholders’ equity. It is calculated by dividing net income by shareholder’s equity.
Congress suspends Maharashtra MLA Sulbha Khodke for ‘anti-party activities’ (12-10-2024)
Congress suspended Sulbha Khodke, an MLA from Amravati, for six years due to anti-party activities. She cross-voted in legislative council elections, leading to the defeat of a Maha Vikas Aghadi candidate. The decision came from state Congress chief Nana Patole and Maharashtra in-charge Ramesh Chennithala. Khodke might join the Ajit Pawar-led NCP.
Signature Global net debt up 4% in Q2 to Rs 1,020 cr; looks to tap strong housing demand (12-10-2024)
Signature Global’s net debt increased by 4% to Rs 1,020 crore in the September quarter as the company aims to expand amid strong housing demand. The firm recorded a nearly threefold surge in sale bookings to Rs 2,780 crore, driven by robust performance in the Gurugram market.