The 30-share BSE Sensex closed down 1769.19 points at 82497.1
Broker’s call: Polycab India (Reduce) (03-10-2024)
CD Equisearch
Sakar Healthcare – Tiny Pharma Company for promising Growth ahead (03-10-2024)
I understand that there is a lot of work happening which is not being seen in the numbers yet. Looking at the scale of capex and the way they have been handling the debt, the future of the business looks promising.
At the same time, the shareholders have approved the salary increase of MD and JMD 5 fold to 2.4 crores and 1.8 crores respectively, with Net Profit of ~12 crores. The incremental revenues from new capex are yet to be seen. As per my calculations, a very small proportion of the new capex will be adding to the top-line and bottom-line in this financial year. The cap on the salaries of the management vis-a-vis the Net Profits is 10% in total. How do you read this?
I will really appreciate if someone can help me get more clarity on it.
Sebi reduces trading lot size of privately placed InvITs to Rs 25 lakh (03-10-2024)
Markets regulator Sebi has drastically reduced the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors’ participation and increase liquidity of such investment vehicles.
The current trading lot for secondary market trading for privately placed InvITs is set at Rs 1 crore. Further, if the InvIT invests at least 80 per cent of its asset value in completed and revenue-generating assets, then the trading lot is Rs 2 crore.
“Trading lot for the purpose of trading of units on the designated stock exchange shall be Rs 25 lakh,” Sebi said in its notification dated September 26. The move came into effect the same day.
The move will help increase the liquidity of privately placed InvIT units by permitting a broader base of investors to participate in the market and boost diversification of investment portfolios.
In separate notifications, Sebi has amended its rules on infrastructure investment trusts (InvITs) and real estat
Share market update: Most active stocks in today’s market in terms of volume (03-10-2024)
The NSE Nifty index closed 546.81 points down at 25250.1
Route Mobile – Internet, Mobile & Telecom (03-10-2024)
company went 4x post listing, it is okay to cool down and then rise again. Their profit is more than doubled from the time it was at ATH last time. Company will create value again for its stakeholder. We just need to hold for good returns 
Mahindra & Mahindra’s Thar ROXX records 1.76 lakh booking within 60 mins (03-10-2024)
Mahindra & Mahindra announced that the newly launched Thar ROXX has registered 176218 bookings within 60 minutes of booking commencement at 11.00 am.
Shilpa Medicare announces receipt of CEP from EDQM for API ‘Desmopressin’ (03-10-2024)
Shilpa Medicare’s 100% subsidiary, Shilpa Pharma Lifesciences received certificate of suitability (CEP) from EDQM (European Directorate for the Quality of Medicines & Healthcare) for API, Desmopressin.
Sensex falls! These stocks fell 5% or more in Thursday’s session (03-10-2024)
In the Nifty pack, 2 stocks closed in the green, while 48 stocks ended in the red.