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Multibaggers | Value picks | Fundamental Analysis.
🚨Century Enka Limited : Pilani Investment and Industries Corporation Limited, part of the promoter group, acquired 71,360 shares through market purchases at a price of ₹675.12 per share, amounting to a total transaction value of ₹4.818 crore.
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Several stocks from the Nifty 500 index reached their lowest levels of the year today, including:
RBL Bank
CreditAccess Grameen
Vodafone Idea
Easy Trip Planners
#Refex Industries announced its plan to raise Rs 927.81 crore by issuing equity shares and convertible warrants on a preferential basis. The fundraising will also include contributions from High Net-worth Individuals (HNIs) and Family Offices, according to the company's filing with stock exchanges.
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#NithinKamath, CEO of Zerodha, anticipates a significant 60% reduction in overall futures and options trading volumes, with a nearly 30% decrease specifically on Zerodha's platform.
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🚨Sterling and Wilson Renewable Energy Ltd., backed by Shapoorji Pallonji and Company Pvt. Ltd. (the promoters), has pledged 25 lakh shares. The total value of these pledged shares amounts to Rs. 154.287 crore, priced at Rs. 617.15 per share, as part of a pledge creation.
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#ITDCementation surged 20% to hit the upper circuit after reaching an all-time high, following a significant order win worth over ₹1,900 crore.
The stock opened at ₹533.85 per share on the National Stock Exchange (NSE) and climbed to a day high, 52-week high, and all-time high of ₹645.35 per share.
#Nifty posts its steepest one-day drop in nearly two months, with 45 out of 50 index stocks closing in the red.
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#RailTel Corporation has been awarded two contracts, one amounting to ₹750.2 million and the other worth ₹678.7 million.
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Bapu, saved indian market today 😂
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#MankindPharma has received clearance from the Competition Commission of India (CCI) for its ₹13,360-crore acquisition deal involving Bharat Serums and Vaccines.
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Success in investing is less about luck and more about staying informed and keeping emotions in check.
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Which stocks in this market have significant future potential for big returns and are currently trading at a low valuation?🤔
Comment below👇👇👇
#TataPower has successfully completed the merger of its subsidiary, Tata Power Renewable Energy Limited, with its wholly-owned subsidiaries.
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#TVSMotors reports a 40% surge in monthly electric vehicle (EV) sales.
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#MamaEarth
Honasa Consumer faces a setback as a Dubai court has ordered the seizure of its assets and trading license. This development could have a negative impact on the company's operations in the region.
#Vedanta Ltd reports record-breaking aluminum production of 1,205 KT in the first half, with alumina output surging by 21% year-over-year.
Additionally, the company announced that Zinc India's mined metal output hit an all-time high, while refined metal production grew by 5% YoY, reaching 524 KT in the first half.
Cyient DLM has finalized the full acquisition of Altek Electronics Inc. for $23.4 million (approximately ₹196 crore). This strategic acquisition is designed to enhance Cyient DLM's footprint in the North American market, particularly in the electronic manufacturing services (EMS) industry.
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Stocks in the News:
Adani Ports: Handled 37.5 MMT of cargo in September, up 14% YoY.
JSW Energy: Received LOI for a 1,500 MW pumped hydro storage project.
Nazara Tech: Divested three units for ₹25 lakh each.
Counting on average market returns is like building a small dam when a monsoon flood is on its way. In investing, it's not the regular flow but the big deluge that truly tests your preparations.
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🚨Manappuram Finance Limited: Promoter Nandakumar V P acquired 50,000 shares through a market purchase at a price of Rs. 201.92 per share, totaling a transaction value of Rs. 1.01 crore.
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#YesBank reports a 3% quarter-on-quarter (QoQ) increase in loans and advances for September, along with a 4.6% QoQ rise in deposits. On a year-on-year (YoY) basis, loans grew by 13.1%, while deposits saw an 18.3% increase.
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#Marico reported mid-single digit volume growth in its domestic business for Q2, with Parachute Coconut Oil contributing close to mid-single digit growth as well. Despite higher realisations in the domestic market, currency challenges in certain international markets offset these gains.
The company’s consolidated revenue growth remained in the high single digits, while the international business delivered low-teen constant currency growth, with Bangladesh posting high single-digit growth. Marico noted that the operating environment in Bangladesh has largely stabilized, and copra prices rose ahead of internal forecasts during the quarter.
“Never forget the six-foot-tall man who drowned crossing the river that was five feet deep on average.” - Howard Marks
It is not sufficient to survive the average market decline, but to be able to survive through all market declines.
🌱Update on Iran-Israel tensions:
- Iran warns of a "swift, decisive, and stronger" response if attacked by Israel.
- France and Japan condemn Iran's missile strikes on Israel.
- Russia holds the US responsible for escalating tensions in the Middle East.
ITC Infotech India, a division of ITC, has finalized the acquisition of Blazeclan Technologies for ₹485 crore.
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2. Benefit from Cycles
Markets and economies move in predictable cycles.
Financial markets are cyclical, oscillating between periods of optimism and pessimism. These cycles often lead to overvaluation during booms and undervaluation during busts. Savvy investors recognize these patterns and leverage them by buying undervalued assets during downturns and exercising caution during euphoric market phases.
🚨Suzlon Energy has received advisory and warning letters from the National Stock Exchange of India Ltd. and BSE Limited for non-compliance with certain provisions of the Listing Regulations.
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Brokerage stocks saw a rally Today:
BSE: +6%
Angel One: +6%
IIFL Securities: +7%
Additionally, SEBI announced a deferral of FO rate cuts, leading to positive momentum for ancillary companies such as CAMS and KFintech, both up by 3%.
#GreatEasternShipping has successfully completed the delivery of its 2005-built medium-range tanker, 'Jag Pranav.'
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