Recording of 1st Concall:
Concord Control Systems Ltd Q2 FY2024-25 Earnings Conference Call
Posts tagged All News
Ex-Lava MD Hari Om gets bail in money laundering case (21-11-2024)
The Delhi high court has granted bail to Hari Om Rai, the former MD of Lava International mobile company, in a money laundering case involving smartphone-maker Vivo. Justice Manoj Kumar Ohri granted relief to the ex-Lava official, who was in custody since his arrest by the Enforcement Directorate (ED) in October last year.
Bajaj Finance Limited (21-11-2024)
Is there something about this stock that we don’t know but market knows.
Its unbelievable that while the profits/revenues have grown by more than 100% over last 3 years, the price hasn’t moved one bit!
With a 20-22% ROE, the EPS double from here in next 4 years. The current PE is 26. If the price doesn’t move, then the PE will come down to 14.
A company growing with 22% ROE and 25%+ top/bottom line growth cannot be trading at 14. It hasn’t happened before unless there are nasty surprises along the way.
What are we missing here? Some say that its because of Jio financial hangover but is that really true? Of course Jio has lots and lot of capital but so do many big banks. Is it really this easy to build a granular consumer book, the kind of that Bajaj Finance has, that market is jittery about Jio financial?
Goldman Sachs forecasts shallow RBI rate cut starting March 2025, lowers India’s FY25 growth outlook to 6.4% (21-11-2024)
Goldman Sachs predicts the Reserve Bank of India will implement a modest rate cut of 50 basis points by June 2025, commencing in the March quarter. They also revised India’s growth forecast to 6.4% for FY25, citing a cyclical slowdown and the impact of a strong dollar. Despite this, the bank maintains India’s long-term growth potential remains positive.
How to take leverage to go long in market (~2 years)? (21-11-2024)
Its true that not all stocks are in fno.
However, I don’t understand how the leverage is high? Isn’t it upto you how many contracts you get into? You can always hold cash in debt instruments to ensure the leverage is not very high… right?
Enviro Infra Engineers offers exposure to country’s high-potential water management sector (21-11-2024)
Enviro Infra Engineers plans to raise Rs 650 crore through an IPO. The funds will be used for project funding, debt repayment, and working capital. The company has a strong order book and in-house capabilities. While it has negative OCF, this is expected to improve with project execution. The government’s focus on water infrastructure provides a positive outlook for the company.
Ahead of IPO, Enviro Infra Engineers bags Rs 195 cr from anchor investors (21-11-2024)
Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription.
Quant Mutual Fund, Motilal Oswal Mutual Fund, LIC Mutual Fund, Abakkus Diversified Alpha Fund-2, Singularity Equity Fund I and Meru Investment Fund PCC Cell 1 are among the anchor investors, according to a circular uploaded on BSE’s website.
As per the circular, Enviro Infra Engineers has allotted over 1.31 crore equity shares to 22 funds at Rs 148 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 194.68 crore.
The Rs 650-crore initial share sale will open for public subscription on November 22 and conclude on November 26. Shares will be available in the price range of Rs 140 to Rs 148 apiece.
The city-based company’s proposed IPO is a combination of a fresh issue of 3.87 cror