Auto Ancillary Stocks (04-11-2024)
At the moment it seems that the distributors are trying to offload inventory and we can see that from the data of increased inventory and higher discounts.
I would wait and watch at the moment as I expect some patchiness in the auto ancillary sector given that it is a laggard to the actual automobile sales.
Would be interesting to get more inputs on this.
Oil gains over 2% after OPEC+ delays output hike, US election in focus (04-11-2024)
U.S. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls ahead of Tuesday’s Election Day, and the winner might not be known for days after voting ends.
Goldman Sachs, Nomura buy stake in Afcons Infrastructure despite muted listing (04-11-2024)
Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock’s negative listing. Afcons Infrastructure’s muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent’s higher OFS and challenging phase.
Pokarna Limited: (04-11-2024)
Final Anti-dumping duty rate for the period 2022-23 is 0%.
Timex Group (TGIL) – time to take notice? (04-11-2024)
| Column 1 | Column 2 | Column 3 | Column 4 | E | F | G |
|---|---|---|---|---|---|---|
| CHANNEL REVENUE SPLIT | Q2fy25 | Q1y25 | Q4fy24 | Q3fy24 | Q2fy24 | Q1fy24 |
| Multi Brand Outlets | 5211 | 5757 | 5931 | 5679 | 5668 | 5615 |
| Large Format Stores | 362 | 357 | 349 | 357 | 334 | 318 |
| Defence canteens | 440 | 320 | 430 | 430 | 430 | 430 |
| Retail | 46 | 47 | 39 | 38 | 29 | 29 |
| Luxury Retail | 137 | 147 | 128 | 120 | 106 | 103 |
Pokarna Limited: (04-11-2024)
POKARNA: United States Department of Commerce (“Commerce”) has announced the final results for its second administrative review of the anti-dumping duty order on quartz surfaces.
The Commerce has confirmed that Pokarna Engineered Stone Limited (PESL), a wholly-owned subsidiary of the Company, did not make sales of subject merchandise at less than normal value during the review period from June 1, 2022, through May 31, 2023.
Accordingly, PESL’s final anti-dumping duty rate for the aforementioned period is 0%.
Shalby is a multi-specialty hospital chain with expertise in joint replacement (04-11-2024)
Shalby is a multi-specialty hospital chain with expertise in joint replacement. It is making right strides with calibrated growth based on big ticket expansion in metros & tier I cities & asset-light franchisee expansion in tier II-VI towns. TP ₹310 (35%)
Shalby is a multi-specialty hospital chain with expertise in joint replacement