Analysts expect Dr Reddy’s Labs to report a single digit fall in profits with a double digit revenue growth
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Globus Spirits (04-11-2024)
A lot of people are betting on re-rating of the stocks, as company is available at cheaper valuations than its peers, however I have a different view point here. More than 60% of the revenue for the company comes from manufacturing where it faces raw material price fluctuations and has very little pricing power. Out of the rest 35% consumer business more than 85% comes from IMIL which is a low end liquor where margins are low along with low brand loyalty now the P&A contributes 4% to 5% of the total revenue, as per management guidance they want to take it to 20% of the revenue. I believe company would still be trading at discount as compared to peers… I made a detailed video on it explaining the same logic and pinned it to my X profile.
X – @amitsinghpal
Share market update: Most active stocks on D-Street today in terms of volume (04-11-2024)
The NSE Nifty index was trading 260.3 points down at 24044.05
Time technoplast (04-11-2024)
Best thing right now is to wait for results. also what is the expected QIP price – it could be at discount to market price. and most important is if promoters are participating.
Welspun Corp bags orders for supplying HSAW pipes to gas project in USA (04-11-2024)
Welspun Corp said that it has received two large orders in the USA, cumulatively valued at approximately Rs 1300 crore for supply of coated HSAW pipes for natural gas pipeline projects.
Gold Price Today: Gold prices retrace by Rs 1,300/10 gm from all-time high level, silver at Rs 94,676/kg (04-11-2024)
Gold December futures fell 0.55% to ₹78,434, while silver dropped 0.85% to ₹94,676/kg amid profit booking and mixed U.S. economic data, with volatility expected this week.
Azad Engineering stock flies 14% after order win from Japan’s Mitsubishi (04-11-2024)
Shares of Azad Engineering skyrocketed 14.29 per cent at Rs 1,669.95 per share on the BSE
Eicher Motors CV sales dip 5% YoY in Oct’24 (04-11-2024)
Eicher Motors’ unlisted subsidiary, VE Commercial Vehicles (VECV) reported 5% year on year decrease in commercial vehicles (CV) sales to 7,112 units in October 2024.
Buy Aditya Birla Capital, target price Rs 270: Motilal Oswal Financial Services (04-11-2024)
Motilal Oswal Financial Services recommends buying Aditya Birla Capital shares with a target price of Rs 270. The stock currently trades at Rs 203.2. Aditya Birla Capital reported significant income growth and a net profit increase in the latest quarter. The brokerage expects continued growth and healthy returns in the coming years.