Rahul Gandhi chosen to receive Oommen Chandy Award (21-07-2024)
The Oommen Chandy Foundation announced the award on Sunday, three days after the first death anniversary of the leader.
Bofa Securities invests in anchor round of SAR Televenture’s FPO (21-07-2024)
Telecommunication infrastructure provider SAR Televenture raised nearly Rs 43 crore from anchor investors days before its follow-on public offer (FPO) opening for subscription.
Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle (21-07-2024)
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.
In all-party meet ahead of Budget session, Congress seeks LS Dy Speaker’s post for opposition, raises NEET issue (21-07-2024)
The Congress party advocated for the opposition to hold the position of Lok Sabha Deputy Speaker during an all-party meeting convened by the government before the upcoming Parliament session. Issues such as the NEET paper leak were raised, with Gaurav Gogoi emphasizing the opposition's right to address concerns in Parliament.
Companies with multiple growth engines (21-07-2024)
Hi All,
Another company which is falling under this category is Angel one. Though regulatory changes are big overhang for the company but it’s growing at blitz scale.
- Revenue growth 70%+.
- PAT growth 30%+.
- PATH growth is slower due to higher Marketing expenses (mostly due to IPL) and addition of new business which are not contributing to topline. I feel PAT margins can increase once other verticals start contributing.
- Trading at P/E of 15 which is lower than median P/E of 20.
Discl: Invested