Passive products may do a world of good for investors
Azad Engineering – A stock picker’s dream! (27-09-2024)
I think you guys are right regarding the valuation, but why does the market give this premium valuation?
- Because the company signed an agreement with Rolls Royce to manufacture and supply complex components for military aircraft engines. This is a 3,000 Crores worth of Order for 7 years.
- The company signed an agreement with France-based companies to supply Nuclear Turbines—India’s first company to do so.
- The current Capex is enough for the company for 10 years.
- The company will grow at 30-35% once the capex is done.
Mangalam Organics Ltd. – A promising Pine chemistry story (27-09-2024)
Thank You. Stock has been butchered, is it only because it moved to Stage 2 and it is low float? It has slipped below promoter latest buying price. Even that price didn’t act as support. If you are tracking this co, any thoughts on business performance for Q2 and rest of this year. Can B2C give a boost to their nos. and margins? Will camphor price increase help their margins? Would be helpful. Thanks
China cuts short-term borrowing costs by 20 basis points (27-09-2024)
According to the People’s Bank of China, the overnight rate was cut to 2.35%, and the seven-day and one-month rates were lowered to 2.50% and 2.85%, respectively.
Surviving Spouses May Not Be Responsible for Partners’ Medical Bills (27-09-2024)
A call from a debt collector may add to the challenges that bereaved people are already dealing with. But spouses “should not assume that they have to pay.”
Investment in the ancillaries, or ancillaries of ancillaries-vendors of famous companies (27-09-2024)
Well, as I have confessed, I did not go through much data. On checking however, I find that company’s profit is increasing. Though it is not consistent. It has certainly increased in the recent quarters. Its sale in the recent quarter increased by 48%.
Also, recently I have, rightly or wrongly, started concentrating on the area in which it functions. So, it is ancillary of ancillary, and I do hope, the sector winds for power benefit it too.
We are open to suggestions. May be the company is not that good. Please give your inputs.
Broker’s call: Satin Creditcare (Buy) (27-09-2024)
SBI Securities