Deposit growth is currently outpacing credit expansion. Although a policy rate cut is expected in the second half of the fiscal year, bank deposit rates are likely to stay high for now. This is due to the slow pace of deposit mobilisation and the need for capital to fund private capital expenditure, which is on the rise.
Ahead of Market: 10 things that will decide D-Street action on Tuesday (30-09-2024)
Indian equity indices Sensex and Nifty50 registered their steepest drop in two months due to profit booking and weak Asian markets, breaking below key support levels. Analysts highlight potential further weakness with key support at 25,750 and resistance at 26,000. The bearish sentiment affected both major and smaller stocks.
Cineline – a turnaround? (30-09-2024)
I came across this company while I was researching PVRINOX and the overall multiplex business. I observed some interesting things here. The promoter received about 27 lakh preferential warrants at a price of 130 (75 upfront + 55 once they convert the warrant to equity) with a time period of 18 months from July 19, 2022, i.e., January 19, 2024.
Mysteriously, the stock started hitting the upper circuit from late November 2023 (might be due to good results or something else) until January 19, 2024 (???), and from there it made a top around February 5, 2024. The stock was down 40% in about 25 days. Interesting!!! (Check screenshot)
Overall, if the company is able to grow its PAT by 10 (high chances if revenue grows by 15%, based on past quarters and cost-cutting initiatives), expecting a PE ratio of 20, the market cap will grow around 35% (from 399 cr to 539 cr).
Disclaimer: Not invested. The above are just observations and for educational purposes.
Screenshot 2024-09-30 at 11.13.33 PM|689×388
Investment journey of a late starter (30-09-2024)
They are not value investments in true sense but to me it seems they have more probability of going up and more upside than going down and has less downside ( Assuming no complete market meltdown).
- Polyplex @1070
- Nuvama@ 5080
- Quess@710
- Balaji amines@2100
- HLE @ 435
- Bajaj finserv @1833
- Oriental aromatics @514
Sebi board meeting: Nothing on F&O regulation, but top 7 other announcements (30-09-2024)
Despite expectations, SEBI has decided not to curb weekly F&O expirations or raise minimum contract sizes for now. This comes as the regulator grapples with a surge in speculative trading that has cost retail investors Rs 1.81 lakh crore over the past three years.