From the 30-share Sensex pack, Infosys, ICICI Bank, Kotak Mahindra Bank, Mahindra and Mahindra, State Bank of India, HCL Technologies, Axis Bank, NTPC and HDFC Bank were among the laggards. In contrast, Maruti, IndusInd Bank, Adani Ports, ITC and UltraTech Cement defied broader market trends and ended in positive territory.
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L&T Q2 Results: Cons PAT rises 5% YoY to Rs 3,395 crore, revenue jumps 21% (30-10-2024)
L&T Q2 Results: L&T reported consolidated revenue of Rs 61,555 crore for the quarter ending September 30, 2024, marking a 21% YoY growth, driven by accelerated progress across its Projects & Manufacturing (P&M) portfolio. This revenue exceeded ET Now’s estimate of Rs 57,622 crore. International revenues reached Rs 32,057 crore, making up 52% of total revenue, largely due to a strong international P&M order book, according to the company’s filing.
Sebi proposes 30-day deadline for mutual fund deployment of NFO proceeds (30-10-2024)
AMCs should not sit on the proceeds for an indefinite period, Sebi says
Sebi proposes 30-day deadline for mutual fund deployment of NFO proceeds (30-10-2024)
Move to address concerns by AMCs losing first-mover advantage due to public disclosure
VP Cyclicals 2.0: Cement Industry Key Issues & Cyclicality (30-10-2024)
I have completed the exercise below using data from the 2024 annual report. ACC and Ambuja have approximate values since, post-Adani takeover, we do not have the split for ACC and Ambuja.
From the information below, can we infer that Birla Corp and JK Lakshmi appear fairly valued for now w.r.t their efficiencies, while other companies are overvalued with an EV/Ton greater than $85.
InterGlobe Aviation – Indigo (30-10-2024)
the Q2 is soft for Indigo and for every airline player in the Industry. The thing is Q2 FY24 was v very high base bcoz last year all cylinders fired together, spice jet was facing huge issues + Jet airways had to shut down operations. Hence, Q2 FY23 went well and base for FY24 was set high.
Additionally, if we see the results of this quarter, the lease liabilities had increased by 3x I guess. As they did damp leasing of places at a high cost. Plus ASK increased by good chuck. They increased the capacities in this quarter and hence cost was upfront. Plus in airlines business, cost is always upfront and operating leverage play comes later on. Additionally, wider economy didnt do well in Q2, hence Indigo suffered. Going forward, FY23 base id v high, plus company is in investment phase, hence costs will hit the income statement as ASK will increase and occupancy will increase slowly. Though v good long term play, but pain in short term.
These 8 stocks hit a 52-week high and rallied up to 20% in a month (30-10-2024)
On Wednesday, India’s Sensex fell about 427 points to close at 79,942. Despite this downturn, eight stocks in the BSE 500 reached their 52-week highs, offering insights into current valuations and future price trends for traders and investors.
Global Offshore Services reports consolidated net loss of Rs 2.08 crore in the September 2024 quarter (30-10-2024)
Sales decline 6.92% to Rs 7.26 crore