Wipro’s board on October 17, 2024, approved the bonus issue in the proportion of 1 :1 which implies 1 bonus share of Rs 2 each for every 1 fully paid-up equity share held
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Share price of Havells India as Sensex gains 693.43 points (22-11-2024)
A total of 116,732 shares changed hands on the counter till 11:40AM (IST)
Investing Basics – Feel free to ask the most basic questions (22-11-2024)
Equity capital was Rs crore rounded off to zero digit. As per Current screener screen, equity capital is Rs 24 Lakh, i.e. Rs 0.24 Cr.
https://www.screener.in/company/512014/
This microcap stock has zoomed over 100% in 5 days; trades at 6-year high (22-11-2024)
Shares of specialty chemicals company Multibase India were locked in the 10% upper circuit and quoted at the highest level since September 2018.
Hyundai Motor inks pact to set up 2 plants in Tamil Nadu (22-11-2024)
Hyundai Motor India (HMIL) informed that it has taken a significant step towards achieving its RE100 target by setting up 2 renewable energy plants in Tamil Nadu.
Here’s why Elpro International stock is buzzing in trade on November 22 (22-11-2024)
The share price of Elpro International rose following the company’s announcement to the stock exchanges regarding its acquisition of additional equity shares in Titan Company Limited
MTAR Technologies – A wager on innovation meeting economies of scale (22-11-2024)
I was hopeful that Blackstone would have inculcated more long lasting risk management frameworks, as well as financial discipline and controls in the company when it was under their control pre-IPO.
But the management clearly still has work to do in a number of areas (for me the main areas are managing working capital days, forward looking projections and planning, and client concentration).
I am still a fan of the company, but I am not expecting short term fireworks. Back when I started this thread, I thought that quarterly electrolyzer production would have climbed to 200-300 by now. Oh well.
Tega Industry – unheard story (22-11-2024)
Tega Industries’ Q2 and H1 FY25—going through a rough patch?
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Geopolitical issues caused shipment delays and order deferments from customers. The company expects these issues to continue until they are resolved.
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Delays in receiving payments, inspection reports, and dispatch clearance certificates from some customers also impacted group sales.
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Contract accounting led to a one-time expense of INR 17 crores to INR 20 crores in Q2. This expense involved charging off consumables and installation expenses for certain projects, but the company expects to realize the benefits over a longer period.
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Increased inventory levels as of September 30, 2024. This could bee attributed to shipment delays.
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Depreciation costs nearly doubled year-on-year to INR 26 crores in Q2. The company expects this to be the quarterly number going forward and to increase further depending on capital expenditures.
Share price of Tata Elxsi as Nifty (22-11-2024)
A total of 2,256 shares changed hands on the counter till 11:37AM (IST).