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Tilaknagar Industries- Potential Turnaround Candidate (19-09-2024)
Good news in recent times for Tilaknagar Industries due to future increase in FCF
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Co. has approved an investment of Rs. 8.03 Crores in Round the Cocktails Private Limited (“Bartisans”), acquiring 36.17% of the share capital. Bartisans specializes in non-alcoholic cocktail. This company was featured on Shark Tank season-3.
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Tilaknagar Industries has increased its stake in Spaceman Spirits Lab, producer of Samsara Gin.
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Andhra Cabinet approves new excise policy. Company says they will have double digit volume growth on account of this policy.
Uno Minda plans new facilities in Indonesia and India (19-09-2024)
Uno Minda has been a significant player in the Indonesian market since 2005, when it established its first manufacturing facility. PTMA currently supplies components and systems to major two-wheeler OEMs in the country. The new plant will enable Uno Minda to diversify its product offerings and cater to the growing demand for passenger car components. Once the new plant is commissioned, the existing plant will also be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at Rs 210 crore.
APEDA advisory on basmati export ‘declaration’ worries trade (19-09-2024)
But the authority’s BEDF says it is to prevent ‘misdeclaration’
US-listed crypto stocks jump after bumper rate cut from Fed (19-09-2024)
U.S.-listed crypto shares jumped before the open on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to the momentum of an industry that has already secured some big wins this year.
Edelweiss Financial Services (19-09-2024)
Very good reports by ValueQuest on wealth management and AIF, which is relevant to Edelweiss.
Valuequest-Riding-the-Wealth-Wave.pdf (5.0 MB)
@Worldlywiseinvestors has done very good YouTube video on AIF/Wealth which covers edelweiss.
Nifty closes above 25,400 amid volatile trade, broader indices tumble (19-09-2024)
The domestic equity benchmarks concluded a volatile trading session with modest gains on Thursday. The market was buoyed by the US Federal Reserve’s decision to cut interest rates by 50 basis points and its indication of further rate reductions. However, the substantial rate cut also sparked concerns about a potential global slowdown, leading to profit booking in mid-cap and small-cap stocks. The Nifty50 settled above the 25,400 level. Private banks and FMCG stocks were among the top performers, while media, energy, and public sector banks witnessed selling pressure. The volatility in the market was further amplified by the weekly expiry of futures and options contracts.