Major cryptocurrencies saw modest gains on Wednesday, with Bitcoin, Solana, and Cardano leading the rise. Bitcoin touched Rs 64,800 earlier today. The global crypto market cap increased 0.45% to $2.24 trillion. Experts expect further gains in the crypto market due to the global shift towards monetary easing.
Sahasra Electronic Solutions’ IPO set to be India’s largest ever in SME segment. Check GMP, price band and other details (25-09-2024)
Sahasra Electronic Solutions is launching its IPO on September 26, aiming to become the largest in India’s SME history. The company plans to raise approximately Rs 186 crore through a fresh equity sale of 65.78 lakh shares and an offer for sale (OFS) of 5 lakh shares. The price band is set at Rs 269-283 per share, with a minimum bid of 400 shares.
Cartrade Tech surges 6%, hits 52-week high after Mirae Asset MF buys stake (25-09-2024)
Cartrade Tech share price scaled up to 6.02 per cent, hitting its 52-week high at Rs 1,034 a piece on the BSE in intraday deals
MSTC Ltd.: Growth through to E-Commerce (25-09-2024)
There are NOT a lot of positive catalyst going for MSTC in short term from my perspective right now but can list many on the negative side.
- E-commerce: Management has failed to articulate where the growth will come from given the headwinds of Coal India business going away, private sector revenue growth will take time, gestation of new initiatives will take time (e.g. recycling of other electronic items, etc)
- Vehicle scrappage – market was pricing this to happen much sooner than even management was expecting. Mgmt kept on reiterating that this will take time given infrastructure is not set up. Even when it kicks off, this space will be highly competitve both from JV with Mahindra as well as listing of scappage vehicles is concerned
- High growth from the divested FSNL business kept MSTC’s numbers look attractive on a consolidated basis than they were in the last 2 earnings updates.
- You now had a business trading at mid 20s PE, with almost no growth in the near term and no great articulation from management from a vision perspective.
I have attached my write-up from early this year incase helpful
MSTC Limited _Ex…pdf (245.9 KB)
Waaree Energies IPO expected in October: What investors need to know (25-09-2024)
The planned IPO targets a Rs 3,000 crore fundraising through a mix of new shares and an offer for sale. The OFS comprises up to 32 lakh equity shares, with major contributions from Waaree Sustainable Finance Private Limited, Chandurkar Investments Private Limited, and Samir Surendra Shah.
PM Modi accuses Congress of being “entrenched in corruption”, highlights Karnataka MUDA scam (25-09-2024)
Prime Minister Narendra Modi has accused Karnataka Chief Minister Siddaramaiah of involvement in the MUDA scam, highlighting Congress’s corruption. Speaking at a rally in Haryana, Modi criticised Congress for neglecting marginalised communities and praised BJP’s agricultural reforms and economic development. Haryana will vote on October 5, with results announced on October 8.
InterGlobe Aviation – Indigo (25-09-2024)
This is very useful information and link. Thank you so much for sharing this. Really thank you.
One analysis I see is that 25 Mutual fund schemes have made fresh entries in indigo in August ranging from 80 shares to 2Lakh shares.
