At 13:30 IST, the barometer index, the S&P BSE Sensex, advanced 610.71 points or 0.70% to 83,785.11. The Nifty 50 index advanced 195.80 points or 0.77% to 25,611.60.
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (20-09-2024)
Why it is important:
- Either foreign demand is more at the time of winter and some mismatch on demand and supply
or major issue in sugarcane crop at Brazil (largest sugar cane producers) - This is lucrative proposition for Indian exporter
Domestic sugar price 3600-3700 per qual
Now export market price 4600-4700 per qual
Wait and watch on the situation and take the call.
Largest beneficiaries are UP based sugar companies like Triveni, Uttam, Balarampur etc.
Aurobindo Pharma Ltd down for fifth straight session (20-09-2024)
Aurobindo Pharma Ltd is quoting at Rs 1496.65, down 2.06% on the day as on 13:19 IST on the NSE. The stock jumped 70.76% in last one year as compared to a 30.66% rally in NIFTY and a 50.47% spurt in the Nifty Pharma index.
Tata Consultancy Services Ltd drops for fifth straight session (20-09-2024)
Tata Consultancy Services Ltd is quoting at Rs 4289.75, down 0.15% on the day as on 13:19 IST on the NSE. The stock jumped 19.65% in last one year as compared to a 30.66% rally in NIFTY and a 28.53% spurt in the Nifty IT index.
Valuepickr Meet-up Bhavnagar, Gujarat (20-09-2024)
Any WhatsApp group ? I am interested to join
H.G. Infra Engineering faces ₹1 crore penalty from NHAI, stock soars (20-09-2024)
Despite the fines, HGIEL plans to contest them, citing unprecedented heavy rainfall in the project area as a force majeure event.
Patel Engineering up 5% on emerging lowest bidder for project of Rs 240 cr (20-09-2024)
The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.
Samhi Hotels – Turnaround with Tailwinds (20-09-2024)
Renovation and rebranding is an integral part of there business and which distinguishes Samhi from other hotel chains. This is a cost and time efficient way of adding new keys inventory to there portfolio. Once the renovation/rebranding is complete and asset starts sweating, operating leverage will kick in leading to expansion in Margins. Revenue will not decrease but per se and the expenses incurred during the period will be categorized as capital work in progress till the asset goes live.
Yatharth Hospital & Trauma Care Services Limited (20-09-2024)
Nuvama come up with research report.
Going Forward:
- Capacity expansion by adding beds, occupancy increase on Jhansi and Faridabad hospital which are currently at approx. 25% AND 15%.
- Margin expansion due to increase in ARPOB, Which is at 59% discount to peers in Delhi-NCR region, it will be supported by specialty clinics and treatment.
- Narrowing down of valuation gap compared to peers.
Disclosure: Invested and biased.
Nuvama 19 Sep 2024.pdf (1.1 MB)