Former state minister and Samajwadi Party MLA Mehboob Ali predicts that the growing Muslim population will lead to the BJP’s exit from power in Uttar Pradesh by the 2027 Assembly polls. Ali, speaking at a party event, compared the BJP to the Mughal empire and criticized them as anti-Constitution and anti-reservation.
Sensex falls! These stocks fell 5% or more in Monday’s session (30-09-2024)
In the Nifty pack, 12 stocks closed in the green, while 38 stocks ended in the red.
Quick Wrap: Nifty Auto Index registers a drop of 2.11%, NIFTY Crashes 1.41% (30-09-2024)
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Discussing global companies (30-09-2024)
Hi, I want to start discussing companies from other markets like USA, Europe, Japan & China. Not separate threads but all as part of one thread, which would be me looking at policies on a global level and other companies.
Will it be an issue for Moderators? Not going to spend effort and then later see the threads being banned.
@manish962
Emmbi Industries – Boring name. boring business (30-09-2024)
After a long time, there are some new developments in the company. On September 20, 2024, Emmbi issued 15,50,000 convertible warrants at a price of ₹109 per share, raising ₹10.63 crore. The funds were raised from Kitec Industries (India) Private Limited, a company in the promoter group category.
Avinash Laddha, Managing Director of Kitec Industries, has been a part of Emmbi’s promoter group for a long time. Additionally, Makrand Appalwar (MD of Emmbi), is also Director at Kitec Industries.
Kitec Industries post preferential issue will hold over 8% of Emmbi’s shares.
The last time promoters infused capital was in 2012. Since then, the promoters have gradually increased their stake in the company from 52.2% to 59.83%. After this latest issue, the promoters holding is expected to rise to ~68%.
Kitec Industries is involved in manufacturing, supplying and exporting of easy to install pipes for plumbing and many other applications. The company was promoted as a joint venture with KITECHNOLOGY BV of Netherlands to manufacture revolutionary Multilayer Composite Pipes in India.
Financials of Kitec industries is pretty good compared to the emmbi industries.
I believe there could be a possibility of a merger between Emmbi industries and Kitec Industries in the near future.
Disc. I have made a tracking investment in the company after preferential issue announcement.
Absolutely distasteful, disgraceful: BJP slams Kharge for remarks about PM Modi (30-09-2024)
The BJP criticized Congress president Mallikarjun Kharge for his remarks about Prime Minister Narendra Modi, calling them distasteful. Union Home Minister Amit Shah emphasized that Modi’s third term as prime minister is due to the people’s mandate. Shah and other BJP leaders wished Kharge a long life and expressed hope he would witness India’s development by 2047.
Nifty slides below 25,850; auto shares under pressure; VIX climbs 6.89% (30-09-2024)
Investors will monitor a busy week of US economic data, culminating in the November jobs report. This report could significantly influence the Feds decision on interest rate cuts.
Companies with 20%+ growth guidance for next few years (30-09-2024)
Management guidance for 20-25% growth
Disc.: invested