Indian IT companies are projected to see up to 4% revenue growth for the quarter ending September 30, 2024. Analysts foresee positive trends for FY25, with large-cap firms anticipated to show stable or slight increases in earnings, driven by volume growth and new deals.
F&O Talk: Geopolitical tensions push Nifty below 50 DEMA—Buy or wait? Explains Sudeep Shah of SBI Securities (05-10-2024)
Nifty50 and Sensex fell over 4% due to Middle East tensions and a shift of FII funds to cheaper Asian markets. IT stocks remained resilient amid this decline. Retail investors are advised to be cautious and avoid bottom fishing in Mid and Small Caps. Sectors such as healthcare, pharma, and IT are showing strength.
FIIs sell Indian stocks worth Rs 31,000 crore in 3 days. Will it get worse? (05-10-2024)
Emerging market dynamics shift as FIIs offload Rs 30,718 crores of Indian stocks in early October, driven by Chinese market outperformance and low valuations. Geopolitical tensions and economic metrics contribute to uncertain FPI flows, while long-term domestic investors eye potential in financials.
AIMIM asks Hyderabad police to slap case against Yati Narsinghanand (05-10-2024)
AIMIM president Asaduddin Owaisi seeks Hyderabad police to file a criminal case against Uttar Pradesh Hindutva leader Yati Narsinghanand for allegedly making derogatory remarks against Prophet Muhammed. Owaisi argues that Narsinghanand violated his bail terms, thus demanding his bail cancellation and immediate arrest.
Ujjivan SFB total deposits rises 17% in Q2 FY25 (05-10-2024)
Ujjivan Small Finance Bank (SFB) reported 17% increase in total deposits to Rs 34,046 crore as on 30 September 2024 as against Rs 29,139 crore recorded as on 30 September 2023.
Won’t resign on opposition’s false accusation, says Karnataka CM Siddaramaiah (05-10-2024)
Karnataka CM Siddaramaiah rebuffs resignation demands amid allegations in MUDA site allotment case. He vows to clarify to the public, while opposition pressures him following a special court order for Lokayukta investigation. Siddaramaiah’s wife relinquishes ownership of the concerned plots.
CG Power & Industrial Solutions – Capable management, good business & industry tailwinds (05-10-2024)
(post deleted by author)
Websol energy system ltd (05-10-2024)
This stock fits a lot of good boxes. Had spotted this earlier on and decided not to invest sadly but have taken a tracking position. My only worry is that the margins for such companies depends on the tariffs imposed by the govt. Borosil renewables also suffered due to this issue. Now the margins look great and a 1 year forward PE makes this stock dirt cheap compared to other players but time will tell if the margins can last.