The Supreme Court dismissed SEBI’s appeals against penalties on Reliance Industries and its promoters, which were quashed by the Securities Appellate Tribunal (SAT). However, the court agreed to hear Reliance’s cross-appeal regarding the price manipulation case involving RPL shares
Posts tagged All News
Qualified brokers to provide clients UPI block or 3-in-1 trading account from February 1 (11-11-2024)
QSBs’ clients will have the option to either continue with the existing facility of trading by transferring funds to the brokers or opt for either of the facilities
Skipper Ltd., (Power and Water) a moat in making? (11-11-2024)
I received the email yesterday.
Bandhan Bank, small finance banks see higher slippages as microfinance lending persists (11-11-2024)
Bandhan Bank and other small finance banks that transitioned from microfinance faced higher slippages in Q2. Despite efforts to reduce micro-ticket lending and increase secured portfolios, 75-80% of fresh slippages originated from the microfinance business
EPL – Essential Packaging Company (11-11-2024)
Reversion-to-mean and operating leverage playing out superbly here! Revenue growth at 8%, but EBITDA/PAT has grown 20%/70% respectively (YoY).
Gross margin up from ~54% to ~60% and the prior front-loading of expenses which had been depressing profits is reversing (Interest + depreciation has stabilized over the last 4 quarters, while revenue is growing).
Business momentum looking good (personal care and recyclable tubes).
PS: Invested
CMS Info Systems Ltd (11-11-2024)
If branches continue to decrease there may be negative impact. Reduced density. Reduced service points.
However, this may be temporary blip as increased compliance ATMs are being set up.
And, in the same article, it is stated banks are likely to open 2 ATM per branch. Have heard that before in CMS or some bank concalls (do not remember where). Number of bank branches today multiplied by 2 will take number above 219000/215000.
And, some banks like HDFC Bank continue to open branches.
Biased. Invested.
However, this line of business is in matured state. It is not going to grow exponentially and management has stated that as well. They are comfortable with 10-12% revenue growth for this line of business.