Indian benchmark indices closed flat on Monday, with IT and financials offsetting concerns over weak earnings and foreign outflows. The Nifty oscillated within the 24,000-24,350 range. Analysts suggest a potential bullish reversal with support at 24,000 and resistance at 24,500-24,550. A break below 23,970 could weaken the structure.
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SWAN ENERGY LIMITED (SEL): The company focussing on sectors with strong tailwinds (11-11-2024)
Reliance Naval Business Revival and Continuity Plan
The new management of the company is revitalizing the business through a comprehensive approach that strategically targets key market segments and establishes a clear roadmap to secure a competitive edge by focusing on 5 key levers:
a. Liquidation of WIP vessels and inventory: The company acquired 8 work-in-progress vessels presently at the yard and has received offers for liquidation of the OSVs.
b. Focused business strategy and sustainable revenue generation: The company is focused on building and converting a robust commercial pipeline by global and domestic reach outs for shipbuilding, repair and offshore fabrication opportunities. The company has received their first repair order starting in August 2024 and will be operational for new build from December 2024.
c. Yard Readiness: The company is currently reinstating and operationalizing the 600+ acres shipyard. As of date, the shipyard is ready to dock vessels and provide general repair services and is in the process of fully restoring their fabrication facility.
d. Organization building: The company is also focusing on talent identification and recruitment.to build a capable workforce.
e. Capacity augmentation: The company is also actively engaged in planning for additional capacity to integrate a maritime vendor ecosystem and meet the global demand by increasing docking and berthing space. They are in the process of building a comprehensive yard design and layout strategy.
RBI allows FPIs to reclassify investments above the prescribed limit in a company as FDI (11-11-2024)
Move aimed at enhancing the ease of doing business, streamlining compliance and attracting foreign investments
Macfos Limited- A niche E-commerce Company (11-11-2024)
i think such uptick in trade receivables are okay since they are in the growth face… especially B2B side…
next few results are very critical
Welspun Corp arm sells 5% stake in associate entity for about Rs 480 crore (11-11-2024)
“Our wholly-owned subsidiary WMHL has divested a 5 per cent equity stake in EPIC in favour of identified financial investors in a series of negotiated trades on the Tadawul Stock Exchange, KSA on November 11, 2024, for an overall consideration of (Saudi Riyal) SAR 218.9 million (approximately USD 58 million),” Welspun Corp said in an exchange filing.
Reliance Consumer takes trade margin fight to snacks (11-11-2024)
After trying to make a dent in the cola market with Campa by offering higher trade margins to the supply chain, Reliance Consumer Products is betting on the same strategy to capture the chips, namkeen, and biscuits market in the country’s booming snacks sector.
ONGC Q2 Results: Profit up 17% to Rs 11,984 crore on lower levies (11-11-2024)
ONGC reported a 17% YoY rise in Q2FY25 profit to Rs 11,984 crore, aided by lower levies. Revenue fell 3.6% to Rs 33,881 crore due to lower oil prices. The company declared a dividend of Rs 6 per share. ONGC shares closed 2% lower on Monday ahead of the earnings announcement.