PNG Official
9 Best Fundamental Stocks on the Occassion of Shree Rama Prana Prathishta in Ayodya 🎥 https://youtu.be/5BbROLYIxjk
Here are the 9 stocks and its performance 👍🏻
First day this smallcase traded negatively and it was a good opportunity to enter. Now the portfolio is almost 4% up 🚀
First day this smallcase traded negatively and it was a good opportunity to enter. Now the portfolio is almost 4% up 🚀
✨ STOCKS IN ACTION 30 January ✨
🔸 GAIL: The company inked a long-term LNG purchase agreement with Abu Dhabi National Oil for the purchase of 0.5 million metric tonnes per annum LNG.
🔸KEC International: The RPG group company said that it has secured orders worth Rs 1,304 crore across various businesses.
🔸 Punjab National Bank: The bank approved raising funds up to Rs 7,500 crore in FY25 via qualified institutional placements, further public offers, or other modes. The shareholding of the government remains above 52%.
🔸 Ganesh Benzoplast: The company's unit received an arbitrage award in its favor, against Indorama Synthetics. The unit will get a counterclaim of Rs 19.09 crore.
🔸 Lumax Technologies: The company completed the acquisition of Lumax Ancillary on Jan. 25.
🔸 Krsnaa Diagnostics: The company received a contract from the Commissioner of Healthcare Services, Maharashtra, to provide MRI scan and CT scan services at 17 Districts in the state hospitals.
🔸 Somany Ceramics: The company's unit started its commercial production of a greenfield manufacturing facility of large slab tile of approximately 4 million square meters per annum in Gujarat, with an investment of Rs 185 crore. The manufacturing facility has the potential to generate revenue of ~Rs 250 crore per annum on full capacity utilisation.
🔸 Shakti Pumps: The company received the sanction from the Madhya Pradesh Industrial Development Corporation for 46 acres of land situated at Indore. The company will use this land for future expansion.
🔸 Ramkrishna Forgings: The company provided a corporate guarantee up to an amount of Rs 50 crore for its unit JMT Auto.
🔸 Quick Heal Technologies: The company announced that its safe browser and safe banking feature has been certified as one of the safest for browsing and online banking by AV Lab Cybersecurity Foundation, Poland.
🔸 Sunteck Realty: The company will develop projects of gross development value of Rs 3,000 crore at Nepean Sea Road, Bandra Bandstand.
🔸 Indraprastha Gas: Life Insurance Corp. increased its stake in the company to 9.35% from 7.3%.
🔸 Bajaj Finance: The company approved raising the overall borrowing limit to Rs 3.75 lakh crore from Rs 2.25 lakh crore and approved investment of up to Rs 400 crore in Bajaj Financial Securities in one or more tranches.
🔸 SEPC: The company approved fundraising up to Rs 250 crore by issuance of equity shares and increase in authorized share capital to Rs 1,750 crore from Rs 1,450 crore.
🔸 Container Corp: The company signed a non-binding Memorandum of Understanding with Indian Oil Corp. to explore opportunities for use of LNG as a fuel, in petrochemical and other container logistic requirements.
🔸 Adani Energy Solutions: Rohit Soni resigned from the position of chief financial officer and the company appointed Kunjal Mehta as the CFO of the company.
🔸 ITC: The company received a 'no objection' certificate from the exchanges to demerge their hotel business.
🔸 NTPC: The company in the Q3 business update reported electricity sales rose by 15% year-on-year and coal plant PLF at 76% vs 68.9% year-on-year.
🔸 OnMobile Global: The company appointed Radhika Venugopalan as the chief financial officer. Asheesh Chatterjee has resigned from the position of CFO.
🔸 Vodafone Idea: says it has met all the debt obligations so far. Also, one of the promoters has confirmed financial support of ₹2,000 crore. https://x.com/pngstockadvisor/status/1752145873713422560?s=20
🔸 GAIL: The company inked a long-term LNG purchase agreement with Abu Dhabi National Oil for the purchase of 0.5 million metric tonnes per annum LNG.
🔸KEC International: The RPG group company said that it has secured orders worth Rs 1,304 crore across various businesses.
🔸 Punjab National Bank: The bank approved raising funds up to Rs 7,500 crore in FY25 via qualified institutional placements, further public offers, or other modes. The shareholding of the government remains above 52%.
🔸 Ganesh Benzoplast: The company's unit received an arbitrage award in its favor, against Indorama Synthetics. The unit will get a counterclaim of Rs 19.09 crore.
🔸 Lumax Technologies: The company completed the acquisition of Lumax Ancillary on Jan. 25.
🔸 Krsnaa Diagnostics: The company received a contract from the Commissioner of Healthcare Services, Maharashtra, to provide MRI scan and CT scan services at 17 Districts in the state hospitals.
🔸 Somany Ceramics: The company's unit started its commercial production of a greenfield manufacturing facility of large slab tile of approximately 4 million square meters per annum in Gujarat, with an investment of Rs 185 crore. The manufacturing facility has the potential to generate revenue of ~Rs 250 crore per annum on full capacity utilisation.
🔸 Shakti Pumps: The company received the sanction from the Madhya Pradesh Industrial Development Corporation for 46 acres of land situated at Indore. The company will use this land for future expansion.
🔸 Ramkrishna Forgings: The company provided a corporate guarantee up to an amount of Rs 50 crore for its unit JMT Auto.
🔸 Quick Heal Technologies: The company announced that its safe browser and safe banking feature has been certified as one of the safest for browsing and online banking by AV Lab Cybersecurity Foundation, Poland.
🔸 Sunteck Realty: The company will develop projects of gross development value of Rs 3,000 crore at Nepean Sea Road, Bandra Bandstand.
🔸 Indraprastha Gas: Life Insurance Corp. increased its stake in the company to 9.35% from 7.3%.
🔸 Bajaj Finance: The company approved raising the overall borrowing limit to Rs 3.75 lakh crore from Rs 2.25 lakh crore and approved investment of up to Rs 400 crore in Bajaj Financial Securities in one or more tranches.
🔸 SEPC: The company approved fundraising up to Rs 250 crore by issuance of equity shares and increase in authorized share capital to Rs 1,750 crore from Rs 1,450 crore.
🔸 Container Corp: The company signed a non-binding Memorandum of Understanding with Indian Oil Corp. to explore opportunities for use of LNG as a fuel, in petrochemical and other container logistic requirements.
🔸 Adani Energy Solutions: Rohit Soni resigned from the position of chief financial officer and the company appointed Kunjal Mehta as the CFO of the company.
🔸 ITC: The company received a 'no objection' certificate from the exchanges to demerge their hotel business.
🔸 NTPC: The company in the Q3 business update reported electricity sales rose by 15% year-on-year and coal plant PLF at 76% vs 68.9% year-on-year.
🔸 OnMobile Global: The company appointed Radhika Venugopalan as the chief financial officer. Asheesh Chatterjee has resigned from the position of CFO.
🔸 Vodafone Idea: says it has met all the debt obligations so far. Also, one of the promoters has confirmed financial support of ₹2,000 crore. https://x.com/pngstockadvisor/status/1752145873713422560?s=20
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PNG Value Investor (@pngstockadvisor) on X
✨ STOCKS IN ACTION 30 January ✨
🔸 GAIL: The company inked a long-term LNG purchase agreement with Abu Dhabi National Oil for the purchase of 0.5 million metric tonnes per annum LNG.
🔸KEC International: The RPG group company said that it has secured orders…
🔸 GAIL: The company inked a long-term LNG purchase agreement with Abu Dhabi National Oil for the purchase of 0.5 million metric tonnes per annum LNG.
🔸KEC International: The RPG group company said that it has secured orders…
Major Global indices closed in green yesterday. #Nasdaq gained 1.12% marked new all time highs.
SHYAM METALICS AND ENERGY: Q3 EBITDA 4.1B RUPEES VS 2.22B (YOY) || Q3 EBITDA MARGIN 12.29% VS 7.61% (YOY)
BEAT EBITDA AND MARGINS
BEAT EBITDA AND MARGINS
✨ STOCKS IN ACTION 31 January ✨
🔸 Tata Consultancy Services: The IT major signed a new 15-year contract with Aviva Plc, expanding on its near-two-decade alliance to service millions of customers of the U.K's biggest insurer and pensions provider.
🔸 Bharti Airtel: The company announced that it has launched seven new, next-gen company-owned stores in the city of Ahmedabad.
🔸 Glenmark Pharmaceuticals: The pharma company collaborated with biotech subsidiary Ichnos
Sciences to accelerate new drug discovery in cancer treatment.
🔸 Jubilant FoodWorks: The company announced that it has joined the Open Network for Digital
Commerce network.
🔸 KPI Green Energy: The company's unit received a new domestic order for a 5 MW solar plant under the captive power producer segment.
🔸UTI AMC: The company approved the reappointment of Imtaiyazur Rahman as managing director and chief executive officer for two years, effective June 13.
🔸 NTPC: The company's unit, NTPC Green Energy, signed an memorandum of understanding with the Maharashtra Government for investing up to Rs 80,000 crore in five years for the development of green hydrogen and derivatives of up to 1 million tonnes per annum.
🔸 Paras Defense and Space Technologies: The company signed a licencing agreement for the transfer of technology with the Instrument Research & Development Establishment and will acquire the technology of a remote control border defence system.
🔸 Ganesha Ecosphere: The company opened its QIP to raise Rs 350 crore. The floor price is Rs
995.06 apiece.
https://x.com/pngstockadvisor/status/1752513402063425623?s=20
🔸 Tata Consultancy Services: The IT major signed a new 15-year contract with Aviva Plc, expanding on its near-two-decade alliance to service millions of customers of the U.K's biggest insurer and pensions provider.
🔸 Bharti Airtel: The company announced that it has launched seven new, next-gen company-owned stores in the city of Ahmedabad.
🔸 Glenmark Pharmaceuticals: The pharma company collaborated with biotech subsidiary Ichnos
Sciences to accelerate new drug discovery in cancer treatment.
🔸 Jubilant FoodWorks: The company announced that it has joined the Open Network for Digital
Commerce network.
🔸 KPI Green Energy: The company's unit received a new domestic order for a 5 MW solar plant under the captive power producer segment.
🔸UTI AMC: The company approved the reappointment of Imtaiyazur Rahman as managing director and chief executive officer for two years, effective June 13.
🔸 NTPC: The company's unit, NTPC Green Energy, signed an memorandum of understanding with the Maharashtra Government for investing up to Rs 80,000 crore in five years for the development of green hydrogen and derivatives of up to 1 million tonnes per annum.
🔸 Paras Defense and Space Technologies: The company signed a licencing agreement for the transfer of technology with the Instrument Research & Development Establishment and will acquire the technology of a remote control border defence system.
🔸 Ganesha Ecosphere: The company opened its QIP to raise Rs 350 crore. The floor price is Rs
995.06 apiece.
https://x.com/pngstockadvisor/status/1752513402063425623?s=20
X (formerly Twitter)
PNG Value Investor (@pngstockadvisor) on X
✨ STOCKS IN ACTION 31 January ✨
🔸 Tata Consultancy Services: The IT major signed a new 15-year contract with Aviva Plc, expanding on its near-two-decade alliance to service millions of customers of the U.K's biggest insurer and pensions provider.
🔸 Bharti…
🔸 Tata Consultancy Services: The IT major signed a new 15-year contract with Aviva Plc, expanding on its near-two-decade alliance to service millions of customers of the U.K's biggest insurer and pensions provider.
🔸 Bharti…
STOCKS IN ACTION 1 February
One 97 Communications: The Reserve Bank of India introduced further restrictions against Paytm Payments Bank. No further deposits or credit transactions are allowed in any customer account after Feb. 29. No other banking services, apart from withdrawal or utilisation of balances, are to be allowed after Feb. 29.
Infosys: The IT major signed a seven-year strategic collaboration with Musgrave to automate
Musgrave's IT operations by leveraging its industry-leading Al and cloud offerings.
UltraTech Cement: Moody's Investors Service Inc. affirmed the company's 'Baa3' issuer rating as well as its 'Baa3' senior unsecured rating, citing a solid balance sheet and substantially strong credit metrics.
Paras Defence and Space Technologies: The company received an optical periscope contract from the Ministry of Defense.
Deepak Nitrite: The company's unit, Deepak Chem Tech, signed a Memorandum of Understanding worth Rs 9,000 crore with the Gujarat government.
Kaynes Technologies: Nanotech company Digi Lens announced a partnership with the company for scaling waveguide manufacturing.
Havells India: The company launched for the first time a 'Made in India' heat pump water heater to meet the demands of residential applications.
Federal-Mogul Goetze: The company appointed T. Kannan as managing director for three years, effective Feb. 1.
HG Infra Engineering: The company was declared an L-1 bidder for the Rs 440 crore South
Central Railway project.
Gujarat Gas: The company signed a Memorandum of Understanding with HPCL for liquid fuels and CNG facilities.
Lux Industries: The company has completed its project of setting up a manufacturing and warehousing facility and commenced commercial operation at Jagadishpur, West Bengal, Kolkata.
Prestige Estates: The company completed the Rs 1,000 crore Hyderabad Residential Project.
Balaji Amines: The company's unit received mega project status from the Industries, Energy and Labour Department, Government of Maharashtra, with a proposed investment of Rs 750 crore.
Triveni Engineering: The company will buy a 26% stake in Sir Shadi Lal Enterprises via an open offer for Rs 262.1 per share.
Bajaj Finance: Rakesh Bhatt resigns as executive director of the company w.e.f. January 31, 2024
One 97 Communications: The Reserve Bank of India introduced further restrictions against Paytm Payments Bank. No further deposits or credit transactions are allowed in any customer account after Feb. 29. No other banking services, apart from withdrawal or utilisation of balances, are to be allowed after Feb. 29.
Infosys: The IT major signed a seven-year strategic collaboration with Musgrave to automate
Musgrave's IT operations by leveraging its industry-leading Al and cloud offerings.
UltraTech Cement: Moody's Investors Service Inc. affirmed the company's 'Baa3' issuer rating as well as its 'Baa3' senior unsecured rating, citing a solid balance sheet and substantially strong credit metrics.
Paras Defence and Space Technologies: The company received an optical periscope contract from the Ministry of Defense.
Deepak Nitrite: The company's unit, Deepak Chem Tech, signed a Memorandum of Understanding worth Rs 9,000 crore with the Gujarat government.
Kaynes Technologies: Nanotech company Digi Lens announced a partnership with the company for scaling waveguide manufacturing.
Havells India: The company launched for the first time a 'Made in India' heat pump water heater to meet the demands of residential applications.
Federal-Mogul Goetze: The company appointed T. Kannan as managing director for three years, effective Feb. 1.
HG Infra Engineering: The company was declared an L-1 bidder for the Rs 440 crore South
Central Railway project.
Gujarat Gas: The company signed a Memorandum of Understanding with HPCL for liquid fuels and CNG facilities.
Lux Industries: The company has completed its project of setting up a manufacturing and warehousing facility and commenced commercial operation at Jagadishpur, West Bengal, Kolkata.
Prestige Estates: The company completed the Rs 1,000 crore Hyderabad Residential Project.
Balaji Amines: The company's unit received mega project status from the Industries, Energy and Labour Department, Government of Maharashtra, with a proposed investment of Rs 750 crore.
Triveni Engineering: The company will buy a 26% stake in Sir Shadi Lal Enterprises via an open offer for Rs 262.1 per share.
Bajaj Finance: Rakesh Bhatt resigns as executive director of the company w.e.f. January 31, 2024
FOMC - Cuts Are Coming, But March Unlikely !
10 Points.
1. Both the FOMC statement & Chair Powell pushed back against expectations for a near-term rate cut
2. Thirty minutes into the press conference, Powell said, that a March rate cut is "not likely"
3. The statement said "The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent"
4. Powell narrowed down the timeline when he said: "I don’t think it’s likely that the Committee will reach [that] level of confidence by the time of the March meeting"
5. However, both the statement and Powell opened the door for easing after the next FOMC meeting in mid-March
6. Powell readily confirmed that almost everyone on the Committee thinks rates should come down this year
7 Regarding the balance sheet, Powell indicated an in-depth discussion will be held in March that leaves in place expectations for a framework for winding down balance sheet reduction
8. One of the more dovish aspects of Powell’s remarks was the asymmetry on employment: strong employment gains won’t necessarily forestall rate cuts, but weak employment gains would "absolutely" hasten rate cuts
9. The statement dropped the prior statement’s bias to tighten. The statement now mentions that "the risks to achieving its employment and inflation goals are moving into better balance." In the discussion of economic developments, the description of growth was upgraded to "solid"
10. In much of the Q&A the mood was upbeat, Chair Powell said - "Let’s be honest, this is a good economy". Powell clarified that the Committee has confidence that inflation will come down in the context of a healthy labor market, but that it was seeking "greater confidence"
Source : Prashanth Nair
10 Points.
1. Both the FOMC statement & Chair Powell pushed back against expectations for a near-term rate cut
2. Thirty minutes into the press conference, Powell said, that a March rate cut is "not likely"
3. The statement said "The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent"
4. Powell narrowed down the timeline when he said: "I don’t think it’s likely that the Committee will reach [that] level of confidence by the time of the March meeting"
5. However, both the statement and Powell opened the door for easing after the next FOMC meeting in mid-March
6. Powell readily confirmed that almost everyone on the Committee thinks rates should come down this year
7 Regarding the balance sheet, Powell indicated an in-depth discussion will be held in March that leaves in place expectations for a framework for winding down balance sheet reduction
8. One of the more dovish aspects of Powell’s remarks was the asymmetry on employment: strong employment gains won’t necessarily forestall rate cuts, but weak employment gains would "absolutely" hasten rate cuts
9. The statement dropped the prior statement’s bias to tighten. The statement now mentions that "the risks to achieving its employment and inflation goals are moving into better balance." In the discussion of economic developments, the description of growth was upgraded to "solid"
10. In much of the Q&A the mood was upbeat, Chair Powell said - "Let’s be honest, this is a good economy". Powell clarified that the Committee has confidence that inflation will come down in the context of a healthy labor market, but that it was seeking "greater confidence"
Source : Prashanth Nair
STOCKS IN ACTION 2 February
FSNE-Commerce Ventures: The company will invest $2.5 million into Nysaa Beauty LLC for operational support.
TVS Motor: The company reported January sales at 3.39 lakh units, up 23% year-on-year, and motorcycle sales at 1.55 lakh units, up 29% year-on-year. The company's EV sales stood at 16,276 units, up 34% YoY and total exports at 69,343 units, up 22% year-on-year.
Hero MotoCorp: The company reported total sales at 4.33 lakh units, up 22% year-on-year, and exports at 12,664 units, up 75% year-on-year for January. The company's motorcycle sales stood at 4.02 lakh units, up 21% YoY.
NMDC: The company reported sales at 4.56 MT up 19% year-on-year and production at 4.54 MT
up 8.1% year-on-year for January.
Prime Focus: The company approved raising up to Rs 4,000 crore through a rights issue at the issue price of Rs 90 per share.
HMA Agro Industries: Wajid Ahmed resigned from the post of managing director with immediate effect.
• Mahanagar Gas: The company acquired a 100% stake in Unison Enviro for Rs 562 crore.
Dixon Technologies: Nirupam Sahay resigned from the position of president and chief operating officer with immediate effect.
FSNE-Commerce Ventures: The company will invest $2.5 million into Nysaa Beauty LLC for operational support.
TVS Motor: The company reported January sales at 3.39 lakh units, up 23% year-on-year, and motorcycle sales at 1.55 lakh units, up 29% year-on-year. The company's EV sales stood at 16,276 units, up 34% YoY and total exports at 69,343 units, up 22% year-on-year.
Hero MotoCorp: The company reported total sales at 4.33 lakh units, up 22% year-on-year, and exports at 12,664 units, up 75% year-on-year for January. The company's motorcycle sales stood at 4.02 lakh units, up 21% YoY.
NMDC: The company reported sales at 4.56 MT up 19% year-on-year and production at 4.54 MT
up 8.1% year-on-year for January.
Prime Focus: The company approved raising up to Rs 4,000 crore through a rights issue at the issue price of Rs 90 per share.
HMA Agro Industries: Wajid Ahmed resigned from the post of managing director with immediate effect.
• Mahanagar Gas: The company acquired a 100% stake in Unison Enviro for Rs 562 crore.
Dixon Technologies: Nirupam Sahay resigned from the position of president and chief operating officer with immediate effect.
STOCKS IN ACTION 5 February
Bajaj Finance: The non-banking financial company will acquire a 7% stake on a fully diluted basis in RMBS Development Co. for an undisclosed amount.
Aurobindo Pharma: The USFDA inspected the company's unit in Telangana and closed with nine inspections. The company temporarily stopped manufacturing on certain lines.
India Cements: The Enforcement Directorate searched the company's Chennai office and was looking into certain forex transactions done by associate company India Cements Capital.
H.G. Infra Engineering: The company received a letter of acceptance from the Central Railway for a Rs 716 crore construction project.
Mahindra and Mahindra Financial Services: The company reported disbursement at Rs 4,440
crore, up 11% YoY, and collection efficiency at 95%.
Cochin Shipyard: The company received a contract worth Rs 150 crore from the Indian Navy for medium refits of two vessels.
Torrent Pharmaceuticals: Sudhir Mehta will step down as director and continue to be the chairman emeritus, effective April 1.
Atul: The company completed capacity expansion at the DCDPS plant and approved an investment of Rs 99.5 crore for expansion.
Torrent Power: The company will set up 150 MW of solar power projects at four of Shapoorji's desalination plants.
India Glycols: The company expanded the capacity of the grain-based distillery plant in Gorakhpur to 290 KLPD from 110 KLPD.
Air India: has taken the delivery of its second Airbus A350 aircraft
Bajaj Finance: The non-banking financial company will acquire a 7% stake on a fully diluted basis in RMBS Development Co. for an undisclosed amount.
Aurobindo Pharma: The USFDA inspected the company's unit in Telangana and closed with nine inspections. The company temporarily stopped manufacturing on certain lines.
India Cements: The Enforcement Directorate searched the company's Chennai office and was looking into certain forex transactions done by associate company India Cements Capital.
H.G. Infra Engineering: The company received a letter of acceptance from the Central Railway for a Rs 716 crore construction project.
Mahindra and Mahindra Financial Services: The company reported disbursement at Rs 4,440
crore, up 11% YoY, and collection efficiency at 95%.
Cochin Shipyard: The company received a contract worth Rs 150 crore from the Indian Navy for medium refits of two vessels.
Torrent Pharmaceuticals: Sudhir Mehta will step down as director and continue to be the chairman emeritus, effective April 1.
Atul: The company completed capacity expansion at the DCDPS plant and approved an investment of Rs 99.5 crore for expansion.
Torrent Power: The company will set up 150 MW of solar power projects at four of Shapoorji's desalination plants.
India Glycols: The company expanded the capacity of the grain-based distillery plant in Gorakhpur to 290 KLPD from 110 KLPD.
Air India: has taken the delivery of its second Airbus A350 aircraft