Indian benchmark indices Sensex and Nifty hit record highs for the fourth consecutive session, buoyed by the Federal Reserve’s rate cut. Key stocks like Infosys and Reliance Industries saw mixed performances. Metal stocks surged due to China’s economic measures. Experts highlight ongoing geopolitical concerns and market resilience.
Firstsource Solutions shares gain 3% after arm buys Ascensos for GBP 42 mn (24-09-2024)
The surge in Firstsource Solutions share price came after the company announced that Firstsource Solutions UK Limited, a wholly-owned subsidiary of the company, has acquired Ascensos for 42 mn pounds
The Hotelier Who BJP Apologised To (24-09-2024)
Sree Annapoorna Sree Gowri Shankar is a familiar name across the country. With over 1,500 employees, it is renowned for its filter coffee and Keerai Vada throughout Tamil Nadu. Its operating revenues range from Rs 100 crore to Rs 500 crore.
All eyes on Northern Arc’s listing today after issue received overwhelming subscriptions (24-09-2024)
The IPO saw a robust response from all category investors, by subscribing 110.70 times
SG Mart- Can it successfully create a marketplace? (24-09-2024)
Update:
I’m pretty bullish about the prospects. For a trading company at the end I believe FY27 it’s available at forward 8 EV/EBITDA, so not completely cheap. But a potential distribution market leader is available at 4000 crs EV. It technically is a market leader already however I would consider a company market leader when they gain meaningful % of market share.
And if things go right they should make 4000 crs Cumulative EBITDA in the next 7-10 years
As upstream steel capacity comes up, steel itself market will grow 14% annually for next couple of years.
Execution is not the problem here, and WC is also not a problem which is generally the issue with distribution companies. Margins however will remain paper thin.
Value proposition comes from consistent pricing for small players as well as larger ones.
Buy Mahindra & Mahindra Financial Services, target price Rs 380: Axis Capital (24-09-2024)
Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 41019.59 Crore) operating in NBFC sector.
Bullish Momentum: These 3 stocks with White Marubozu Pattern on September 23 (24-09-2024)
3 stocks from the Nifty200 pack came to the bullish scanner of “White Marubozu”,
Revolt Motors’ newly launched RVI e-motorcycle garners over 16,000 bookings in first week (24-09-2024)
Revolt Motors announced the successful launch of RV1 and RV1+ electric motorcycle, which have achieved over 16,000 bookings within the first week of its launch.