These 8 commodities stocks hit fresh 52-week highs; have rallied up to 30% in a month (25-09-2024)
Hitting a 52-week high signifies a stock’s peak performance over the past year, providing crucial information for those navigating the market.
Sebi launches FPI outreach cell for seamless market access (25-09-2024)
Sebi has launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to enhance the experience of foreign investors in the Indian securities market. The cell will assist FPIs with documentation, compliance, and operational challenges, aiming to simplify the registration process and attract more foreign capital.
Dollar hits 14-month low against euro, yuan dips (25-09-2024)
The greenback tumbled on Tuesday after data showed that U.S. consumer confidence dropped by the most in three years in September amid mounting fears over the labor market.
Ex-CM Champai claims J’khand govt withdrew all his security vehicles, police deny charge (25-09-2024)
Former Jharkhand Chief Minister Champai Soren has accused the Hemant Soren government of endangering his life by withdrawing his security vehicles. The state police refuted the claim, stating that five vehicles and 63 police personnel are still assigned to him. Champai Soren alleged political conspiracy behind the move.
World’s Oldest Cheese Stood Alone for 3,600 Years (25-09-2024)
The cheese was dug up with mummified human remains in the Xinjiang region of China and offers insights into the origins of the dairy product known as kefir.
Indian Microfinance Sector and the companies in the sector (25-09-2024)
If you notice, for last few year there is a huge increase in microfinance portfolio of all the companies. Microfinance has this peculiar thing that in good time, asset quality of these companies will be quite low, but when thing go bad, they happen in very short span of time. For achieving the growth, these companies tend to give loan to some customers who already have got some loan with other companies. Even though each company is is giving something like 50000 only to the customer, when many companies lend to same customer, suddenly customer is over levered. Below pic sums up what happening
In the pool of fusion customers, by the end of FY23, customers having loans from more than 4 lenders is 6%, but by end of FY24, customers having loans more than 4 lenders is 24%. Now Fusion and Spandana showed higher detoriation, but the general trend is NPA is increasing in all lenders. If you read Equitas concall, the openly stated that microfinance lenders are following bad practices(please read equitas Q1FY25 concall, you will get more clarity)
BCL Industries – Ethanol Pick (Capacity 3.5x in Next 2 Yrs) (25-09-2024)
Promoter sale in the market, expecting Q2 to witness low EBIT with decline in profits
Market Trading Guide: Tata Steel, Zydus Lifesciences among 5 stock recommendations for Thursday (25-09-2024)
Indian indices hit new highs for the fifth straight session, led by financials and energy. Nifty closed at 25,939, up 0.3%. Analyst Nagaraj Shetti sees a positive trend with support at 25,800 and resistance at 26,200-26,300