Europe’s benchmark index opened lower on Thursday, and was set to record its worst monthly performance in a year, while moves were mainly powered by a mixed bag of earnings.
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STOXX 600 drops on tepid earnings, set for worst month in a year (31-10-2024)
Europe’s benchmark index opened lower on Thursday, and was set to record its worst monthly performance in a year, while moves were mainly powered by a mixed bag of earnings.
Master Trust Ltd leads losers in ‘B’ group (31-10-2024)
Akums Drugs & Pharmaceuticals Ltd, Adroit Infotech Ltd Partly Paidup, Genesys International Corporation Ltd and Gian Lifecare Ltd are among the other losers in the BSE’s ‘B’ group today, 31 October 2024.
Holmarc Opto-Mechatronics – R&D play (31-10-2024)
Superb analysys. By the time I read this thread, Price went up by 63%
Wheels India Rights – Free money for minorities? (31-10-2024)
The improving product mix is definitely contributing already. Windmill castings, alloy wheels, hydraulic cylinders and air suspensions all have better margin in double digits. While the revenue growth will look flat until the CV cycle and export turns, the margins are definitely improving and will probably peak at over 9 % once the CV cycle also improves. With debt getting reduced (and re-rated in due course) from the 300 Cr+ Operating cash flow, it will slowly shift into a Rs.6000 Cr business with a 9% EBITDA margin and a 200 to 250 Cr PAT in 2-3 years. Not a bad investment at a 1700 Cr market cap esp when other Auto ancilliary companies with barely any growth and definitely no margin growth are already quoting at 30 to 50 times earnings (range depending on how many times the words “EV” and “Lithium” appears in their concalls)
Disc: invested and added this week
Andhra Pradesh emerging as hub for startups, manufacturing; soon to have AI University: Nara Lokesh (31-10-2024)
Andhra Pradesh offers a favorable environment for investments with policies supporting startups and industry growth. Minister Nara Lokesh highlights the state’s sector-focused development approach, including IT, renewable energy, and pharmaceuticals. The state is poised for rapid development under Chief Minister Chandrababu Naidu’s leadership.