Complainant alleges Siddaramaiah, others trying to destroy evidence in MUDA case, seeks ED action (03-10-2024)
Pradeep Kumar S P, a complainant in the MUDA case, alleges CM Siddaramaiah and others are destroying evidence. He urges the Enforcement Directorate to take action. The ED has registered an ECIR over alleged irregularities in land allotment to Siddaramaiah’s wife. The MUDA is canceling the sale deeds.
Gensol Engineering – A play on Energy Transition (Solar Energy & EV) (03-10-2024)
If possible can you please explain a bit more about BESS projects.
What is the approx per MW price?
Who puts up the capital?
How does the revenue work? And for how many years would this revenue come in?
What do you mean by Terminal value post 12 years would be 400 crs?
Thanks in advance
Gainers & Losers: Reliance Industries among 6 stocks that hogged limelight on Thursday (03-10-2024)
Nifty50 and Sensex dropped over 2% amid escalating Middle East tensions, with significant declines in multiple stocks today.
Investors lose Rs 10 trillion in the worst stock market crash since Aug 5 (03-10-2024)
Amid an ongoing bloodbath at the Dalal-street on Thursday, investors lost a total of Rs 9.91 trillion in market capitalisation on the Bombay Stock Exchange (BSE) as of 3:20 PM
Manappuram Finance (03-10-2024)
For Gold, it seems Golden Days will continue the way countries are getting ready to bombard each other.
But b/w Manappuram and Muthoot … It seems Muthoot not only relatively stable but gaining as well, whereas Manappuram is behaving like a penny stock where on a bad news it corrects more but gain less on a good news.
Considering the growth (in revenue as well as profitability) and ROE, both of these companies are neck to neck … but when it comes to other ratios like P/E, P/B etc… Muthoot is more than double to that of Manappuram.
Considering both of these companies haven’t diluted equity (no bonus, no stock-split etc. recently) … Another interesting fact which I was observing (just for ease of comparing these two) – Muthoot’s CMP was less that 10 times of Manappuram’s CMP.
However, from September 2024 – CMP of 1 Muthoot share > 10*(CMP of 1 Manappuram share).
Would love to hear from fellow members, any specific reasons, for such consistent underperformance of Manappuram vs Muthoot.
Is it that Manappuram is turning into a value Trap, whereas Muthoot is turning out be Consistent Compounders (may be at 15%-20% per year in market price).
Disc: Invested from a long time (at 80, 100, 120… and even at 200) in Manappuram.
Warren Buffett sells $338 million of BofA stock as spree slows (03-10-2024)
Warren Buffett’s Berkshire Hathaway has been gradually reducing its stake in Bank of America, with recent sales at lower prices compared to earlier disposals. The latest transactions fetched $338 million, marking a decrease from prior rounds, though Berkshire remains the bank’s top shareholder with a 10.2% stake valued at over $31 billion.
Barometers end with deep cuts; VIX climbs 9.86% (03-10-2024)
As per provisional closing, the S&P BSE Sensex slumped 1,769.19 points or 2.10% to 82,497.10. The Nifty 50 index tumbled 546.80 points or 2.12% to 25,250.10.