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https://www.moneycontrol.com/news/business/markets/capital-gains-tax-on-foreign-investors-is-why-the-market-is-where-it-is-india-should-not-get-overconfident-about-capital-helios-capitals-samir-arora-12850125.html

https://www.moneycontrol.com/news/business/nvidia-ai-summit-2024-live-updates-mukesh-ambani-jensen-huang-fireside-chat-with-nvidia-ceo-liveblog-12849433.html

https://m.economictimes.com/epaper/delhicapital/2024/oct/16/et-poli/india-signs-4-billion-deal-for-advanced-mq-9b-drones-with-us/articleshow/114263072.cms?utm_source=whatsapp_pwa&utm_medium=social&utm_campaign=socialsharebuttons

https://economictimes.indiatimes.com/markets/stocks/news/us-fed-slashes-interest-rates-by-50-bps-for-the-first-time-since-2020/articleshow/113466877.cms

https://www.livemint.com/industry/india-mulls-3000-cr-incentives-to-develop-drone-ecosystem-pli-scheme-production-linked-incentive-central-government/amp-11726482666125.html

Doors open for NSE IPO ?

https://www.moneycontrol.com/news/business/markets/sebi-disposes-of-proceedings-against-nse-ravi-narain-chitra-ramkrishna-others-in-co-location-probe-12821567.html

https://www.moneycontrol.com/news/business/govt-panel-evaluates-18-road-infra-projects-proposed-by-road-ministry-12816397.html

https://www.business-standard.com/markets/news/zee-s-subhash-chandra-accuses-sebi-chief-madhabi-puri-buch-of-corruption-124090201201_1.html

MONEY TIMES TALK

AUGUST 31, 2024

Sumedha Fiscal, a cash-rich co. with a PE of just 6x and FY24 EPS of Rs.9.58 trades at a P/B of 0.88x and regularly pays dividends. It is a strong candidate for re-rating.

ABC India quotes at a low PE of 9.4x and MCap/Sales ratio of 0.3x. It posted Q1FY25 EPS of Rs.13.66. Promoters hold 65% & HNIs holds 7.62%, Stock shows a breakout potential.

Available Finance posts Q1FY25 EPS of Rs.34.75, up from Rs.21.33 YoY. It trades at a low P/E of 1.9x & P/B of 0.3x & boasts reserves of Rs.932 cr. against Mcap of Rs.270 cr. It holds 32% stake in Aggarwal Coal and is well-positioned to surpass its 52-week high of Rs. 341.

Steel City Securities quotes at a low P/E of 12x and offers a 3% dividend yield. With 97% profit rise in Q1FY25 and a 7.27% rise in promoter stake, the stock is well-positioned for growth.

Denis Chem, a niche debt-free firm specializing in intravenous injectables, posted FY24 EPS of Rs 8.04 up from Rs 5.66. With a M.Cap/Sales ratio of just 0.55x it offers Rs 2.5 dividend. Major stakes are held by two HNIs (23%) and FIIs (20.74%).

Artefact Projects bags new orders and cuts debts. With equity of Rs.7.28 cr. & reserves of Rs.52.22 cr., it posted 555% higher NP to Rs.1.44 cr. It trades at a PE of 10x & PB of 0.90x. Stock has potential to surpass its 52-week high.

Tata Group stocks have joined the rally; Tata Investment, Tata Elxsi and TRF are worth monitoring.

In 20th July MTTs, Bharat Seats given at Rs.163 touched Rs.240, Morepen Lab given at Rs.54 touched Rs.86.

In 25th November MTTs, Bondada Engineering given at Rs.444 touched Rs.3769 during the week - a gain of 749%.

Love cricket but have difficulty in understanding investment? Just as Rahul Dravid faced 70% dot balls yet remained a legend, investments like gold and mutual funds often stay flat but deliver returns in cycles. The key is to stay patient during the quiet periods and capitalize on the 30% that bring gains. Understanding this is essential to creating wealth.

https://economictimes.indiatimes.com/markets/ipos/fpos/nse-reapplies-for-no-objection-with-sebi-for-public-offer-report/articleshow/112842629.cms

https://www.livemint.com/economy/jackson-hole-us-fed-chair-jerome-powell-greenlights-september-rate-cut-here-are-key-highlights-11724430087328.html

https://www.economist.com/business/2024/08/15/the-global-tourism-boom-is-shifting-to-asia

Meet man, who is called Dhirubhai Ambani's 'third son', close friend of Mukesh Ambani, was once a billionaire, is now..
https://www.dnaindia.com/business/report-meet-man-who-is-called-dhirubhai-ambani-s-third-son-close-friend-of-mukesh-ambani-was-once-a-billionaire-3099657

https://theprint.in/india/india-establishes-joint-venture-for-strategic-minerals/2200839/

https://www.livemint.com/companies/company-results/maruti-suzuki-q1-results-net-profit-rises-47-yoy-to-3-650-crore-revenue-at-33-875-crore/amp-11722421872910.html

https://economictimes.indiatimes.com/markets/options/derivative-death-trap-78-lakh-fo-traders-lost-rs-52000-crore-in-fy24-shows-sebi-data/articleshow/112169251.cms

https://www.cnbctv18.com/market/share-buyback-rush-budget-2024-tax-changes-infosys-tcs-cera-aurobindo-indus-towers-stock-price-19451339.htm?s=08

https://www.thehindubusinessline.com/economy/smart-macro-and-fiscal-policies-yielded-massive-capital-gains-for-investors-says-cea-nageswaran/article68465102.ece

https://www.thehindubusinessline.com/markets/sebi-mulls-seven-measures-to-rein-in-retail-frenzy-in-fo/article68465035.ece

https://www.livemint.com/companies/news/us-specialty-chemicals-maker-lubrizol-to-invest-200-million-in-new-india-plant-11722337565295.html