VK's Trading Stocks

Earnings Post Market Till 7 PM, 22nd Oct

1) Olectra Green (Strong)
2) GMDC (QoQ Weak, YoY Good)
3) Cigniti Tech (Good)
4) Indus Tower (Good)
5) Adani Green (Good)
6) Gabriel India (Good)
7) Mahindra Finance (QoQ Weak, YoY Good)
8) Zensar Tech (YoY Weak, QoQ Flat)
9) Persistent Systems (YoY Good, QoQ Flat)
10) Ugro Capital (QoQ Weak, YoY Good)
11) Huhtamaki Paper (Weak)
12) Shoppers Stop (YoY Weak, QoQ Better)
13) Canfin Home (Good)

Few SME Stocks I am looking to add in this Fall

1️⃣ Vision Infra
2️⃣ Chavda Infra
3️⃣ Meson
4️⃣ GEMENVIRO
5️⃣ ACSAL
6️⃣ Gargi

If these stocks fall another 5 to 10% i will add them.

Fundamentals are solid

Remember Fall is temporary but growth is permanent

😃😃😝😅

Diwali Picks by क्या सस्ता क्या महंगा ?

Chemicals PE: Sector PE 45x

1) Deepak Fert: 24x
2) Galaxy Surfactants: 34x
3) Rossari Bio: 35x
4) Balaji Amine:  36x
5) Aarti Ind: 39x
6) PI Ind: 40x
7) Fine Organics: 44x
8) Tata Chem: 45x
9) Deepak Nitrite: 48x
10) SRF: 56x
11) Vinati Org: 59x
12) Sudarshan Chem: 60x
13) Laxmi Organics: 66x
14) Clean Science: 68x
15) Atul: 69x
16) Navin Fluoro: 77x
17) Alkyl Amine: 77x
18) Anupam Rasayan: 85x
19) Neogen Chem: 144x
20) Gujarat Fluoro: 151x
21) Chemplast Sanmar: NA

Last Year Shared my Diwali Picks

And it has given more than 90% Returns till now

This year will also share my Diwali picks

Stay tuned....

Speciality Chemicals | Manufacturing | Supply Chain

China accounts for 40%+ share in the global chemical space, followed by the US & the EU at 13-15% each (but declining) ⬇️

India's ~4% share currently is expected to go up significantly, as derisking of global supply chain continues ⬆️

In the stock market, both patience and conviction are the greatest strengths of successful traders.

MANAGEMENT OUTLOOK/COMMENTARY/RESULT UPDATE/ GUIDANCE / NEWS:
Tech Mahindra Q2FY'25

Net Profit up 153% to ₹1,250 cr vs ₹494 cr (YoY) & ₹851.5 cr (Q1)

Expense is decreased by > ₹380 cr (YoY)

Revenue up at ₹13,313 cr vs ₹12,864 cr (YoY)

PAT up at ₹1,257 cr vs ₹505 cr (YoY)

Interim Dividend Ex Date: 01st Nov, 2024 @ ₹15/Share

EPS at ₹14.12 vs ₹5.59 (YoY)

Good Numbers 👍

TECHMAHINDRA Q2

TECH MAHINDRA Q2FY25 CONS.

NET PROFIT 1257.5 CR VS 505 CR(YOY), Q1 864.8 CR

REVENUE  13,313 CR VS 12864 CR (YOY), Q1 13006 CR

EBITA  1750 CR VS 914 CR (YOY), Q1 1564 CR

EBITDA MARGIN AT 13.14%  VS 7% (YOY), Q1 12%

CO DECLARE DIVIDEND 15/Share

Capex - Proposed - Green H2 Investments at USD 182 Bn

Huge Upcoming Capex Story

Reforms - Proposal -  Green H2 - Import Duty cut on Equipment

Government Actions: The Indian government is considering tariff cuts on imports of machinery needed to manufacture green hydrogen, aiming to reduce the costs and support green hydrogen production.

Tariff Exemptions: These proposed tariff cuts would reduce import duties (currently at 12%) on equipment used for the production of green hydrogen and green ammonia, but would only apply to production for export, not domestic sales.

Planned Investments: Total planned and proposed investments in India’s green hydrogen copied from companyupdate telegram channel sector amount to around $187 billion, with significant projects in Gujarat, Maharashtra, and Karnataka.

Government Discussions: The finance ministry is also considering the inclusion of green hydrogen in infrastructure projects to provide easier funding access, further incentivizing development.

JIO FINANCIAL Q2

REVENUE 693.5 CR VS 608 CR (YOY)

NET PROFIT 689 CR VS 668 CR (YOY)

MANAGEMENT OUTLOOK/COMMENTARY/RESULT UPDATE/ GUIDANCE / NEWS:
GANESH HOUSING CORP: Q2 CONS NET PROFIT 1.6B RUPEES VS 860M (YOY)

GANESH HOUSING CORP: Q2 EBITDA 2.02B RUPEES VS 1.2B (YOY) || Q2 EBITDA MARGIN 85.39% VS 74.34% (YOY)

ONWARD TECHNOLOGIES Q2 CONS

NET PROFIT 35M RUPEES VS 71M (QOQ)

EBIT 46M RUPEES VS 83M (QOQ)

EBIT MARGIN 3.8% VS 7.07% (QOQ)

TATA CONSUMER PRODUCTS Q2 CONS

PROFIT 3.67B RUPEES VS 3.64B (YOY); EST 3.37B; 2.9B (QOQ)

REVENUE 42.14B RUPEES VS 37.34B (YOY); EST 43.2B

EBITDA 6.26B RUPEES VS 5.37B (YOY); EST 6.44B

EBITDA MARGIN 14.86% VS 14.38% (YOY); EST 14.9%

CO HAS AN EXCEPTIONAL ITEM LOSS OF 271.7M RUPEES

PBT 3.97B RUPEES VS 4.91B (YOY)

Good #Q2FY25-18/10/24 from 4pm till 7pm

Jindal Saw
#JindalSaw
Fantastic Q2FY25 on a very high base👏
Delivering consistent and steady set every quarter
Beats its own best qtr
Highest ever Q2
Rev at 5571cr vs 5466cr, Q1 at 4939cr
Solid margin expansion YoY
Holds on to 17% OPM
Solid debt reduction QoQ and YoY
Prepaid 200cr in October
Will prepay another 250cr soon
PBT at 643cr vs 495cr, Q1 at 588cr
PAT at 475cr vs 355cr, Q1 at 416cr
Solid QoQ uptick in PBT and PAT 🔥
OCF at 1169cr vs 787cr👏👏

Mastek
#Mastek
Robust quarter after a long time
Good Q2FY25
Rev at 867cr vs 765cr, Q1 at 812cr
Decent QoQ uptick
Solid margin expansion QoQ and YoY
PBT at 117cr vs 94cr, Q1 at 98.6cr
PAT at 129cr vs 65cr, Q1 at 72cr
Deferred tax benefits of 40cr
Excluding this, PBT and PAT ⏫27% YoY
OCF at 29cr vs 119cr

Ashapuri Gold
#AGOL
#AshapuriGold
Rev at 86cr vs 44cr, Q1 at 44cr
Rev⏫96%
PBT at 4.6cr vs 2.3cr, Q1 at 3.5cr
PAT at 3.4cr vs 1.9cr, Q1 at 2.7cr
Equity capital rose from 25cr to 33cr post rights leading to big dilution
Doesn't reflect well on EPS with EPS at 0.1re vs 0.07re
Receivables at 50cr vs 30cr
OCF at -47cr vs -3cr
Needs a close monitoring here

Decent:
Ksolves
#Ksolves
Rev at 35cr vs 26cr, Q1 at 32cr
PBT at 12.5cr vs 11.1cr, Q1 at 11.8cr
Growth slowing down meaningfully here vs 30% rate they they were clocking earlier

Tata Consumer
#TataConsumer
Rev⏫14%
EBITDA⏫16%
Small margin expansion
Rich valuations

ICICI Lombard
#ICICILombard
PBT at 919cr vs 763cr, Q1 at 773cr
PAT at 693cr vs 577cr, Q1 at 580cr
Combined ratio at 104.5% vs 103.9%

Shared by  Shreenidhi P

FROG CELLSAT: CO WINS THIRD MAJOR ONEDAS CONTRACT IN LAST 3 MONTHS FOR NAVI MUMBAI INTERNATIONAL AIRPORT, VALUED OVER INR. 16 CRORE +

HINDUSTAN ZINC:

CO EXEC SAYS SEE BETTER OPERATIONAL PERFORMANCE IN H2

CO EXEC SAYS EXPANSION OF 2 MTPA OF PRODUCTION CAPACITY SEEMS FEASIBLE

CO EXEC SAYS EXPECT ZINC PRICES TO BE STRONG AT LEAST TILL DECEMBER

CO EXEC SAYS DISCUSSIONS ONGOING WITH INDIA GOVT ON SPLITTING CO INTO TWO

MASTEK Q2 CONS

NET PROFIT 1.3B RUPEES VS 715M (QOQ)

REVENUE 8.7B RUPEES VS 8.1B (QOQ)

EBIT 1.23B RUPEES VS 1.04B (QOQ)

EBIT MARGIN 14.21% VS 12.78% (QOQ)

CO HAS AN EXCEPTIONAL ITEM OF 117.6M RUPEES

PBT 1.3B RUPEES VS 986M (QOQ)

JINDAL SAW Q2

Jindal Saw reports #Q2 earnings

Net Profit Up 32.4% At ₹499 Cr Vs ₹377 Cr (YoY)

Revenue Up 2% At ₹5,571.9 Cr Vs ₹5,466.2 Cr (YoY)

EBITDA Up 13.7% At ₹914.1 Cr Vs ₹804 Cr (YoY)

Margin At 16.4% Vs 14.7% (YoY)

KSOLVES INDIA Q1 CONS

NET PROFIT UP 12% AT 9.2CR (YOY), UP 3% (QOQ)

REVENUE UP 34% AT 34.82CR  (YOY) ,UP 10% (QOQ)

EBITDA UP 18% AT 13.22CR (YOY), UP 10%(QOQ)

MARGINS 37.96% V 43.22% (YOY), 38.07% (QOQ)

ASHAPURI GOLD ORNAMENT Q2

NET PROFIT UP 91% AT 3.44CR (YOY), UP 28% (QOQ)

REVENUE UP 96% AT 86.9CR  (YOY) ,UP 96% (QOQ)

EBITDA UP 90% AT 4.97CR (YOY), UP 48%(QOQ)

MARGINS 5.72% V 5.89% (YOY), 7.59% (QOQ)

INDOSTAR CAPITAL Q2

REVENUE 3450 M VS 2342 M (YOY)

NET PROFIT 317M VS 248 M (YOY)

NII 2956 M VS 2175M (YOY)

EBITDA MARGIN 59% VS 65% (YOY)

INDIA FX RESERVES, USD ACTUAL: 690.43B VS 701.18B PREVIOUS

INDIA BANK LOAN GROWTH ACTUAL: 12.8% VS 13.0% PREVIOUS

INDIA DEPOSIT GROWTH ACTUAL: 11.8% VS 11.5% PREVIOUS

MANAGEMENT OUTLOOK/COMMENTARY/RESULT UPDATE/ GUIDANCE / NEWS:
GANESH HOUSING CORP: Q2 CONS NET PROFIT 1.6B RUPEES VS 860M (YOY)

GANESH HOUSING CORP: Q2 EBITDA 2.02B RUPEES VS 1.2B (YOY) || Q2 EBITDA MARGIN 85.39% VS 74.34% (YOY)

ONWARD TECHNOLOGIES Q2 CONS

NET PROFIT 35M RUPEES VS 71M (QOQ)

EBIT 46M RUPEES VS 83M (QOQ)

EBIT MARGIN 3.8% VS 7.07% (QOQ)

TATA CONSUMER PRODUCTS Q2 CONS

PROFIT 3.67B RUPEES VS 3.64B (YOY); EST 3.37B; 2.9B (QOQ)

REVENUE 42.14B RUPEES VS 37.34B (YOY); EST 43.2B

EBITDA 6.26B RUPEES VS 5.37B (YOY); EST 6.44B

EBITDA MARGIN 14.86% VS 14.38% (YOY); EST 14.9%

CO HAS AN EXCEPTIONAL ITEM LOSS OF 271.7M RUPEES

PBT 3.97B RUPEES VS 4.91B (YOY)

Good #Q2FY25-18/10/24 from 4pm till 7pm

Jindal Saw
#JindalSaw
Fantastic Q2FY25 on a very high base👏
Delivering consistent and steady set every quarter
Beats its own best qtr
Highest ever Q2
Rev at 5571cr vs 5466cr, Q1 at 4939cr
Solid margin expansion YoY
Holds on to 17% OPM
Solid debt reduction QoQ and YoY
Prepaid 200cr in October
Will prepay another 250cr soon
PBT at 643cr vs 495cr, Q1 at 588cr
PAT at 475cr vs 355cr, Q1 at 416cr
Solid QoQ uptick in PBT and PAT 🔥
OCF at 1169cr vs 787cr👏👏

Mastek
#Mastek
Robust quarter after a long time
Good Q2FY25
Rev at 867cr vs 765cr, Q1 at 812cr
Decent QoQ uptick
Solid margin expansion QoQ and YoY
PBT at 117cr vs 94cr, Q1 at 98.6cr
PAT at 129cr vs 65cr, Q1 at 72cr
Deferred tax benefits of 40cr
Excluding this, PBT and PAT ⏫27% YoY
OCF at 29cr vs 119cr

Ashapuri Gold
#AGOL
#AshapuriGold
Rev at 86cr vs 44cr, Q1 at 44cr
Rev⏫96%
PBT at 4.6cr vs 2.3cr, Q1 at 3.5cr
PAT at 3.4cr vs 1.9cr, Q1 at 2.7cr
Equity capital rose from 25cr to 33cr post rights leading to big dilution
Doesn't reflect well on EPS with EPS at 0.1re vs 0.07re
Receivables at 50cr vs 30cr
OCF at -47cr vs -3cr
Needs a close monitoring here

Decent:
Ksolves
#Ksolves
Rev at 35cr vs 26cr, Q1 at 32cr
PBT at 12.5cr vs 11.1cr, Q1 at 11.8cr
Growth slowing down meaningfully here vs 30% rate they they were clocking earlier

Tata Consumer
#TataConsumer
Rev⏫14%
EBITDA⏫16%
Small margin expansion
Rich valuations

ICICI Lombard
#ICICILombard
PBT at 919cr vs 763cr, Q1 at 773cr
PAT at 693cr vs 577cr, Q1 at 580cr
Combined ratio at 104.5% vs 103.9%

Shared by  Shreenidhi P

FROG CELLSAT: CO WINS THIRD MAJOR ONEDAS CONTRACT IN LAST 3 MONTHS FOR NAVI MUMBAI INTERNATIONAL AIRPORT, VALUED OVER INR. 16 CRORE +

HINDUSTAN ZINC:

CO EXEC SAYS SEE BETTER OPERATIONAL PERFORMANCE IN H2

CO EXEC SAYS EXPANSION OF 2 MTPA OF PRODUCTION CAPACITY SEEMS FEASIBLE

CO EXEC SAYS EXPECT ZINC PRICES TO BE STRONG AT LEAST TILL DECEMBER

CO EXEC SAYS DISCUSSIONS ONGOING WITH INDIA GOVT ON SPLITTING CO INTO TWO

MASTEK Q2 CONS

NET PROFIT 1.3B RUPEES VS 715M (QOQ)

REVENUE 8.7B RUPEES VS 8.1B (QOQ)

EBIT 1.23B RUPEES VS 1.04B (QOQ)

EBIT MARGIN 14.21% VS 12.78% (QOQ)

CO HAS AN EXCEPTIONAL ITEM OF 117.6M RUPEES

PBT 1.3B RUPEES VS 986M (QOQ)

JINDAL SAW Q2

Jindal Saw reports #Q2 earnings

Net Profit Up 32.4% At ₹499 Cr Vs ₹377 Cr (YoY)

Revenue Up 2% At ₹5,571.9 Cr Vs ₹5,466.2 Cr (YoY)

EBITDA Up 13.7% At ₹914.1 Cr Vs ₹804 Cr (YoY)

Margin At 16.4% Vs 14.7% (YoY)

KSOLVES INDIA Q1 CONS

NET PROFIT UP 12% AT 9.2CR (YOY), UP 3% (QOQ)

REVENUE UP 34% AT 34.82CR  (YOY) ,UP 10% (QOQ)

EBITDA UP 18% AT 13.22CR (YOY), UP 10%(QOQ)

MARGINS 37.96% V 43.22% (YOY), 38.07% (QOQ)

ASHAPURI GOLD ORNAMENT Q2

NET PROFIT UP 91% AT 3.44CR (YOY), UP 28% (QOQ)

REVENUE UP 96% AT 86.9CR  (YOY) ,UP 96% (QOQ)

EBITDA UP 90% AT 4.97CR (YOY), UP 48%(QOQ)

MARGINS 5.72% V 5.89% (YOY), 7.59% (QOQ)

INDOSTAR CAPITAL Q2

REVENUE 3450 M VS 2342 M (YOY)

NET PROFIT 317M VS 248 M (YOY)

NII 2956 M VS 2175M (YOY)

EBITDA MARGIN 59% VS 65% (YOY)

INDIA FX RESERVES, USD ACTUAL: 690.43B VS 701.18B PREVIOUS

INDIA BANK LOAN GROWTH ACTUAL: 12.8% VS 13.0% PREVIOUS

INDIA DEPOSIT GROWTH ACTUAL: 11.8% VS 11.5% PREVIOUS

QUICK HEAL TECHNOLOGIES: Q2 CONS NET PROFIT 41.5M RUPEES VS 129M (YOY); 40.3M (QOQ)

QUICK HEAL TECHNOLOGIES: Q2 REVENUE 734.9M RUPEES VS 783.6M (YOY); 702.9M (QOQ)

QUICK HEAL TECHNOLOGIES: Q2 EBITDA 30.7M RUPEES VS 109.7M (YOY) || Q2 EBITDA MARGIN 4.18% VS 14.00% (YOY)

*Waaree Energies IPO*
IPO Open Date 21-10-2024
IPO Close Date 23-10-2024
Basis of Allotment
Finalisation Date 24-10-2024
Refunds Initiation 25-10-2024
Credit of Shares
to Demat Account 25-10-2024
IPO Listing Date 28-10-2024

TATA COMMUNICATIONS Q2FY25 CONS

NET PROFIT 2.3B RUPEES VS 2.2B (YOY)

REVENUE 58B RUPEES VS 48.72B (YOY)

EBITDA AT 11.1B V 10.15B (YOY)

MARGIN AT 19.39% V 20.83% (YOY)

SPECIALITY CHEMICAL

Q2FY25 outlook for specialty chemicals weak, demand sluggish with margin pressure from China

In terms of valuations, SRF trades at 19 times, Anupam Rasayan at 26 times, Deepak Nitrite at around 34.5 times, Gujarat Fluorochemicals is expensive, the stock has been doing well, valuations have been around 45.5 times, Aarti Industries at 27 times and Navin Fluorine is trading at 35.5 times.

The second quarter of financial year 2025 (Q2FY25 ) for India's specialty chemical sector is going to be another subdued quarter as the demand scenario has not yet improved. In fact, the agrochemical end-user industry continues to see big pressure.

However, the year-on-year (YoY) base is low for most companies, so that the number will look slightly higher.

It will be important to watch out for the guidance outlook for FY25 because Aarti Industries had already cut its guidance in copied from companyupdate telegram channel  its first quarter earnings call, and according to Kotak Securities, SRF Ltd may find it challenging to meet the 20% plus growth guidance as well.

Now other key issues have been Chinese dumping, leading to pressure on margins. The second one has been the continuous destocking of channel inventory and delayed purchase decisions of customers as well.

Also, the export environment has been relatively muted for most sector players.

As per Jefferies, SRF will report another weak quarter on subdued chemicals, where chemicals EBIT will decline 19% on a YoY basis, packaging films EBIT should see a sharp 15% recovery, technical textiles EBIT will be steady with EBIT down around 4% on a YoY basis.

For PI Industries this time, CSM, export revenue should rise 10% while domestic revenue should remain subdued, which is expected to decline 5% on high channel inventory.

Waree Energies Management Interview Highlights

Company is preparing for a Rs 4,300 cr IPO which is opening for subscription from 21-Oct-24 to 23- Oct-24 where Rs 2,750 cr from the IPO will be allocated to establish manufacturing facilities in Odisha.

Company saw a solid revenue growth of approximately 68% in FY24 but Q1 revenue growth moderated to 2.5%. This was attributed to a focus on margin expansion despite lower revenue growth.

Management said that despite the lower revenue growth in Q1, the company managed to keep its production costs rising by less than 1%, which contributed to maintaining margins around 18%.

Company will continue to focus on margin expansion going forward which will come through coming up of own US expansion and good mix of exports and domestics.

Exports margins are higher by 300-350 bps against domestic margins.

Current cost of production per unit is around $0.14-0.15/watt, with market selling prices between $0.19-0.20/watt. Company has managed to reduce production costs from $0.18-$0.19 last year due to improved technology and sourcing efficiencies along with improvement in input costs.

Expects the solar cell capacity of 2.5-2.6 GW in Gujarat will come on stream in Q4FY25 where the size is of Rs 2500-2600 cr which is funded already.

Company is looking for additional capex of Rs 9500 cr where Rs 500 cr is for US operations and Rs 9000 cr is for Orissa copied from companyupdate telegram channel operations for an integrated facility of 6 GW for module cells and wafers.

Expects the US facility of 1.6 GW of Phase-1 will come on stream in FY25 and Orissa plant will come by FY27.

Current capacity is more than 30 GW & it will go to 21 GW will be for modules, 11 GW will be for cells and ingot & wafers will be 6 GW each by FY27.

Company is focused on adopting the latest technologies in solar modul production, with over 90% of its capacity upgraded to the latest technology.

Company will focus on pushing the capacity utilization to 60-70% in coming days.

Group company plans to establish a 3.5 GW lithium-ion cell plant as part of its commitment to energy transition where company has also bided for hydrogen and battery PLI

STOCK IN ACTION 17 OCTOBER

◆Reliance Industries: The oil-to-telecom conglomerate announced Oct. 28 as the record date for the 1:1 bonus issue.

◆GMR Airports Infrastructure: The company passenger traffic for September grew 9% year-on-year at 1.02 crore.

◆ UltraTech Cement: The company commissioned an additional 1.2 MTPA grinding capacity at the Arakkonam plant in Tamil Nadu.

◆ Bikaji Foods International: The company acquired a 53.02% stake in Hazelnut Factory Food Products for Rs 131 crore.

◆ Oberoi Realty: The company approved the issuance of NCDs of an aggregate amount of up to Rs 1,500 crore.

◆ Oriana Power: The company received a 75 MW solar plant order for Rs 375 crore.

◆Capri Global Capital: The board will raise Rs 1,000 crores via NCDs on Oct. 29.

◆RVNL: The company emerged as the lowest bidder for a project worth Rs 270 crore from Maharashtra Metro Rail Corp.

◆Railtel Corporation of India: The company receives three orders worth Rs 87.2 crore.

◆Ircon International: The company signed a MoU with Patel Engineering for infrastructure projects in India and overseas.

◆ Kolte-Patil Developers: The company in its second quarter business update reported sales up 22% at Rs 770 crore and collections grew by 16% year-on-year at Rs 550 crore.

◆ Aditya Birla Fashion and Retail: The company's arm made an additional investment of Rs 75 crore in Wrogn, increasing its stake from 17.10% to 32.84%.

STOCK IN ACTION 17 OCTOBER

◆Reliance Industries: The oil-to-telecom conglomerate announced Oct. 28 as the record date for the 1:1 bonus issue.

◆GMR Airports Infrastructure: The company passenger traffic for September grew 9% year-on-year at 1.02 crore.

◆ UltraTech Cement: The company commissioned an additional 1.2 MTPA grinding capacity at the Arakkonam plant in Tamil Nadu.

◆ Bikaji Foods International: The company acquired a 53.02% stake in Hazelnut Factory Food Products for Rs 131 crore.

◆ Oberoi Realty: The company approved the issuance of NCDs of an aggregate amount of up to Rs 1,500 crore.

◆ Oriana Power: The company received a 75 MW solar plant order for Rs 375 crore.

◆Capri Global Capital: The board will raise Rs 1,000 crores via NCDs on Oct. 29.

◆RVNL: The company emerged as the lowest bidder for a project worth Rs 270 crore from Maharashtra Metro Rail Corp.

◆Railtel Corporation of India: The company receives three orders worth Rs 87.2 crore.

◆Ircon International: The company signed a MoU with Patel Engineering for infrastructure projects in India and overseas.

◆ Kolte-Patil Developers: The company in its second quarter business update reported sales up 22% at Rs 770 crore and collections grew by 16% year-on-year at Rs 550 crore.

◆ Aditya Birla Fashion and Retail: The company's arm made an additional investment of Rs 75 crore in Wrogn, increasing its stake from 17.10% to 32.84%.

BIKAJI FOODS; Bikaji forays into the QSR segment through a planned strategic investment to acquire controlling stake in The Hazelnut Factory

Bikaji Foods International Strengthening its Position in the Premium Bakery & Patisserie Segment

This acquisition will enable Bikaji to expand its product portfolio into the premium bakery and patisserie segment, while also incorporating various café offerings to meet evolving consumer preferences.

The Hazelnut Factory is an established Café cum Artisanal sweets brand having a retail presence in 6 stores in Lucknow and 1 store each in Kanpur & Delhi. The brand offers Specialty coffee, Artisanal sweets, bakery & patisserie along with a range of café Menu.

The acquisition of The Hazelnut Factory will enhance Bikaji’s ‘House of Brands’ by providing cross-selling opportunities, flexible menu offerings, a diverse customer base, a diversified brand portfolio, shared facilities and resources, and increased market presence.

STOCK IN FOCUS : BAJAJ AUTO

Very strong results from Bajaj auto

Solid 22% revenue growth , 16% volume growth

EBITDA margin expanded to 20.2%

All engines are firing well be it domestic , export,EVs

New Freedom 125 has been well received

Chetak EV market share doubled from 11% in June 2024 to 21% in September 2024

EV revenues are now 20% of total domestic revenues

EV profitability is also improving with reduction in cash burn

Decent revival in export markets; Africa is still stressed but latin America has recovered

Only worry is valuations after price surge , stock is now trading at 31x fy26 price /earnings