Srivari Spices and Foods Limited (25-09-2024)
You can apply for rights issue online via internet banking. I use Axis Bank without any issues.
Australia, New Zealand dollars scale fresh highs on China boost (25-09-2024)
The Australian and New Zealand dollars reached multi-month highs, driven by China’s aggressive stimulus measures. The yuan also hit its strongest level in over a year. Despite a slight dip in the Aussie after domestic inflation data, global markets were buoyed by China’s support measures, impacting currencies linked to its economy.
Will next leg of rally come from financials and private banking stocks? Gurmeet Chadha answers (25-09-2024)
Valuations were a little stretched. As you will see periodic profit booking, so that is something which is there in the portfolio. I have been discussing Zomato with you for a long time now. It has done pretty well.
Look for value in largecaps, take 10-15% dip in stride; 5 FMCG & bank stocks to bet on: Rajat Sharma (25-09-2024)
Rajat Sharma, CEO of Sana Securities, advises investors to focus on large-cap stocks with value, such as FMCG and private banks like ITC, Britannia, Axis Bank, and HDFC Bank. He suggests being prepared for a 10-15% market dip but expects a sharp rebound due to ample cash reserves in mutual funds.
Asian Granito Ltd (Asian Tiles) (25-09-2024)
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Overview: Asian Granito Ltd (AGL) is the 4th largest listed ceramic tile company in India. With the ongoing development in India and neighboring countries, the company’s market capitalization has strong growth potential.
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Joint Venture in Nepal: AGL has recently entered into a joint venture with individuals in Nepal to incorporate Nepovit Ceramic Pvt Ltd for tile manufacturing, expanding its regional footprint.
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Increased Foreign Investment: There has been a significant increase in FII stakes in AGL over a single quarter, reflecting growing confidence in the company.
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Revenue Breakdown (FY24): AGL’s revenue is split between exports (15%) and domestic sales (85%).
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Financial Concerns: Despite the positive growth indicators, the company’s Price-to-Earnings (P/E) ratio is not currently displayed, and its Operating Profit Margin (OPM) and Profit After Tax (PAT) have been negative since the June 2022 quarter.
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Outlook: While there are risks given the company’s recent financial performance, AGL has potential for significant returns, especially if the market conditions favor its expansion efforts.
Gold prices rise Rs 10 to Rs 76,370, silver falls Rs 100 to Rs 92,800 (25-09-2024)
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 70,010