The way management is coming forward and sequence of events indicates that Kitex either coming with QIP or rights issue to fund new projects.
MUDA scam: Kumaraswamy writes to Amit Shah, urges him to pursue steps to take over probe (01-10-2024)
Union Heavy Industries Minister HD Kumaraswamy appeals to Home Minister Amit Shah for federal agencies’ intervention in the investigation against CM Siddaramaiah over alleged unlawful housing plot allotments to his wife, expressing distrust in the Lokayukta police and alleging conspiracy with Congress leaders.
JB Chemicals is a potent fusion; reiterate BUY with FV of Rs2,255 (23% upside) (01-10-2024)
JB Chemicals offers a healthy cocktail of a robust domestic franchise, niche CMO presence & measured exports strategy, aided by peerless execution. It has handsomely outperformed the IPM in the past decade by ~600 bps & currently ranks 21. TP ₹2255 (+23%)…
JB Chemicals is a potent fusion; reiterate BUY with FV of Rs2,255 (23% upside)
JB Chemicals is a potent fusion; reiterate BUY with FV of Rs2,255 (23% upside) (01-10-2024)
JB Chemicals offers a healthy cocktail of a robust domestic franchise, niche CMO presence & measured exports strategy, aided by peerless execution. It has handsomely outperformed the IPM in the past decade by ~600 bps & currently ranks 21. TP ₹2255 (+23%)…
JB Chemicals is a potent fusion; reiterate BUY with FV of Rs2,255 (23% upside)
Zomato – Should you order? (01-10-2024)
Blinkit has moved far beyond FMCG… newer categories will keep driving growth for them. Also, a significant part of incremental consumption isn’t driven by listed FMCG cos. Unlisted cos like Veeba have become 1k cr… there would be many more such cos (Paperboat, Pepsi/Coke India, etc etc)
Typhoon Krathon shuts Taiwan’s $2.5 trillion stock market (01-10-2024)
Taiwan will close its stock market on Wednesday due to Super Typhoon Krathon. Schools and offices are also closed in many parts of Taiwan. Taiwan has been experiencing typhoons and has canceled flights, ship sailings, and some train services.