Domestic rating agency Icra on Wednesday said India’s real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal.
Posts tagged All News
UP bypolls: EC takes action against policemen violating guidelines (20-11-2024)
The Election Commission of India has suspended police officers in Uttar Pradesh following complaints and video evidence of them preventing voters from casting their ballots during bypolls. The officers were accused of demanding voter ID and Aadhaar cards and obstructing specific communities from voting.
Waaree Energies Ltd. – Is it just the Dawn? (20-11-2024)
Quick correction @Jitendrapd94 the 1.3GW plant operationalised in July 2024 was in Noida and not in Goa(this is the Indosolar facility they acquired)
The problem i foresee for Waaree and other pure solar module companies are they they will eventually become commodity plays (despite the management claiming otherwise in the concall).
If you see the sales, volume-wise it looks great (30%+growth- 4.8 GW full year FY24 vs 3.3 for half year FY25). Despite this sales are more or less flat to marginally higher. This shows the drastic reduction in realisation per Watt of module sold which is reflected in the price chart shared in the investor presentation.
Looks like company will keep having to grow volume aggressively(not to mention keep investing in higher opex/capex to continuously upgrade to newer technologies leading to higher depreciation charges) just to give marginally higher sales.
The carrot they dangle is the expanded margins post commercialization of cell lines. But as claimed by management that will only lead to around 2% improvement in margins.
I fail to see how they can sustain profit growth with this model as can be seen from all leading solar companies world over (exception being FirstSolar which is an exceptionally innovative company with proprietary low carbon technology for complete integrated play).
Maybe that’s why company is foraying into IPP/Green hydrogen/BESS to diversify and get different revenue streams.
Would like to hear thoughts of @Mohit_baid and other members/investors.
Thanks
Disc:invested
“Polyplex Corporation “ Are Good Days Ahead? (20-11-2024)
As per data share holding data available at screener (Register – Screener) – it seems “First Water Fund” is reducing ownership in Uflex and increasing in Polyplex, at least in last 3 quarters.
9 microcap stocks backed by 15 MF schemes have gained over 100% in FY25 so far (20-11-2024)
It’s noteworthy that 14 out of the 250 stocks in the microcap index have become multibaggers in FY25.
NTPC Green Energy IPO: Arete Securities recommends subscribing to NGEL IPO for long-term (20-11-2024)
Valuation metrics indicate that at the upper price band of ₹108, NGEL is valued at FY24 EV/ EBITDA of 53.4x on post issue capital.
These 8 smallcap stocks have fallen more than 40% in FY25 (20-11-2024)
About eight small-cap stocks have faced a significant setback, slipping by over 40% in FY25
Honasa Consumer shares crack 34% in just 2 days. Is the glow fading away? (20-11-2024)
Mamaearth’s parent company, Honasa Consumer, saw its shares plummet 34% after reporting a significant second-quarter loss. Market analysts expressed concerns over the company’s performance, citing factors like disappointing quarterly numbers and the impact of Q-commerce. While a short-term technical bounce is possible, the stock’s overall outlook remains bearish.