Out of 12 economists ET spoke to, 9 said that it was likely that the MPC would begin to cut interest rates from December onwards. The remaining three respondents were broadly of the view that the MPC is likely to follow a course that is distinct from rate-setters in advanced economies and may wait for 4-6 months more before cutting rates to be entirely sure that inflation has gone down durably.
Sheela Foam – An exciting branded play (03-10-2024)
I am still not convinced to buy sheela foam at current price. I donot understand why such companies got such high valuation with very little growth.
Anybody can explain, what I am not looking or where I am wrong.
Trade volumes in decline, likely to fall further with Sebi’s curbs (03-10-2024)
The average daily trading volume (ADTV) in the equity segment of both BSE and NSE combined dropped 21% in September to ₹1.30 lakh crore, compared to June’s turnover of ₹1.65 lakh crore per day. Between July and September, the benchmark Nifty, Nifty Midcap 150 and Nifty Smallcap 150 rallied between 7% and 7.5%.
Gold makes a new high of Rs 78,300 on safe-haven, festive demand (03-10-2024)
Kumar Jain, spokesperson of the India Bullion & Jewellers Association (IBJA) said, “Zaveri Bazaar is buzzing with activity as there is a surge in gold prices. The footfalls have increased by up to 20% on Wednesday compared to a week ago.”
Iran-Israel clash may spill over to Dalal Street (02-10-2024)
Indian markets were closed on Wednesday. Elsewhere in Asia, South Korea declined 1.2% and Japan declined 2.2%. Taiwan rose 0.75% and Hong Kong jumped 6.2%, maintaining its newfound bullish momentum, driven by China’s stimulus package to revive its economy.
Gilead Agrees to Allow Generic Version of Groundbreaking H.I.V. Shot in Poor Countries (02-10-2024)
Many middle-income countries are left out of the deal, widening a gulf in access to critical medicines.
Nazara Technologies (02-10-2024)
Animal Jam registered $20 million in revenue in CY2019, so the revenue decline cannot be attributed to the COVID effect. It’s just that even the most popular casual mobile games gradually become obsolete. This is my biggest gripe with their acquisition playbook. The fact that Animal Jam’s former owners went ahead and sold their company at less than 1x P/S is telling in itself.
There is definitely some potential with Nodwin as esports is becoming mainstream, but that’s about it as far as Nazara’s portfolio is concerned. Pretty much everything else runs on a freemium/ad-based model. Given the negligible ad rates of India and a general unwillingness among Indians to purchase casual mobile games or in-game items, it is no wonder that Nazara’s top games Kiddopia and Animal Jam generate revenue mostly from the US.
JD Vance and Tim Walz Debate Draws 43 Million Viewers (02-10-2024)
The figure is significantly lower than the vice-presidential debate in 2020.
Deepak Fertilizers and Petrochemicals (02-10-2024)
Recent CRISIL rating A1 stable Rating Rationale
Highlights:
- Over the medium term, the operating margin should sustain at 18-20%, higher than the historical long-term average, aided by benefits from backward integration in ammonia
- DFPCL will also benefit from the lower-priced natural gas, as per its long-term contract with Equinor, priced favourably than its existing contracts
- Going forward, the group will raise additional debt to fund its capacity expansion in TAN and nitric acid, with an estimated capital expenditure (capex) of ~Rs 4,500 crore over next 2-3 fiscals
Disclaimer: Holding it in my portfolio
Sterling & Wilson Solar Ltd. – Will the Sun Keep Shining? (02-10-2024)
Okay i get it now.
All company names are prefixed with SW so got confused.
Anyway the concerns on this stock are not really on the how much stake sale are promoters doing.
Problem is there are lot of small small pending issues.