Posts tagged All News
IRB INVIT TRUST- new game in the town! (04-11-2024)
The current InvIT structure of IRB own 4 BOT and 1 HAM assets. So in case there is no futher asset additions, the trust would continue to distribute NCDF to unitholder. In case NCDF cashflow discounted value are higher than current market cap of unitholders, then unit holder would receive excess amount over NAV as dividend. In case the discounted value of cashflow is lower than current mark cap (due to lower traffic, frequent issue of farmer protest etc), and tenue of asset get over, the investor would have to write down undistributed capital outstanding at end of last assets and book loss. However, while there may be accounting loss, the likely loss of capital appear low probability to me.
Since listing in May 2017 to November 2024(including Sep24 quarterly distributon with declared but not disbursed), IRB has distributed Rs 68.35 per unit as distribution. Of these, nearly 71% portion came as interest distribution (Rs 48.35 per unit in agggregate), 28% portion came Capital redemption (Rs 18.88 per unit in aggregate) and 2% (Rs 1.12 pre unit in aggregate) distributed as Dividend. So, signficant portfion of cashflow are distributed as Non-capital redemption in form of Interest/Dividend and hence I see limited probabilty of cashflow based loss on investment.
LTIMindtree shares 0.82% as Nifty falls (04-11-2024)
The stock quoted a 52-week high price of Rs 6575.00 and low of Rs 4518.35.
Stock market update: Power stocks down as market falls (04-11-2024)
The 30-share BSE Sensex was down 1409.3 points at 78314.82
Challenge PM to speak about real issues in rallies instead of ‘lies’ against Opposition: Mallikarjun Kharge (04-11-2024)
Congress president Mallikarjun Kharge accuses BJP’s policies of harming India’s economy, citing issues like high inflation, low consumption, and wage stagnation. He challenges PM Narendra Modi to address real issues affecting common people in future rallies rather than attacking the Opposition.
Premier Energies gains 4% on bagging orders for solar modules, cells (04-11-2024)
Premier Energies share price surged 4 per cent at Rs 1,120.45 a piece on the BSE in Monday’s intraday deals
Sun Pharma tumbles after US court halts Leqselvi launch (04-11-2024)
Sun Pharmaceutical Industries slipped 4.30% to 1,778.85 after the US District Court of New Jersey has decided to grant a preliminary injunction delaying the launch of Leqselvi (Baldness treatment) in the US.
National Conference’s Abdul Rahim Rather elected Jammu and Kashmir Assembly speaker (04-11-2024)
Abdul Rahim Rather, an 80-year-old veteran National Conference leader, has been elected as the first speaker of the legislative assembly of the Union Territory of Jammu and Kashmir. The election took place without opposition contest, marking the first session of the assembly in over six years.
United Spirits share price 2.09 per cent (04-11-2024)
A total of 11,652 shares changed hands on the counter till 11:10AM (IST).