Deepak Nitrite

Fresh ATH

3160

EKC

6% 💚

Fresh 52wk High

181

HFCL

💥💚

FRESH 52wk High

140

Nifty journey to 25000

Last 5000 Points came in last 8 to 9 months only and its fastest

Everyone has Query what to buy ?

Companies that posted good Results QoQ & YoY
Where management gave strong earnings call for future

And after good results stock goes down due to sentiments
Should be bought on DIPS

Such companies best bet during correction.

GE Shipping concall
Q1 FY25 Earnings Call Highlights:

Financial Performance:

- Consolidated Net Profit: INR 812 Crores (reported) and INR 817 Crores (normalized), showing significant improvement compared to Q1 FY24.
- Net Asset Value (NAV): Increased to INR 1,464 per share (consolidated) and INR 1,181 per share (standalone) as of June 30, 2024.
- Dividend: Declared an interim dividend of INR 9.00 per share, marking the 10th consecutive quarterly dividend.

- Debt: Reduced to a net cash position of $350 million (standalone) from a peak net debt of $360 million in March 2019.
- Return on Equity (ROE): 26% (annualized) for both standalone and consolidated.

Operational Performance:

- Shipping:
- Improved earnings for product tankers due to increased ton-miles from the Red Sea conflict.
- Higher dry bulk earnings driven by increased Chinese iron ore and coal imports.
- Offshore:
- Gradual improvement in international utilization.
- Exploration of options for rigs coming off contract, with five offshore vessels up for repricing.

Future Outlook:

- Guidance: No specific earnings guidance due to market volatility and unpredictable events.
- Offshore Business: Expected to contribute significantly to profitability as the market recovers.
- Container Market: Evaluation ongoing with no immediate plans to enter this segment.
- Fleet Expansion: Open to opportunities but cautious, acknowledging short-term challenges for long-term gains.
- Spot vs. Time Charter: Decisions based on market conditions and rate attractiveness.

Concerns (if any):

- Rig tender cancellation in India raises questions about future utilization.
- High order book for product tankers with tail-ended deliveries.

Other Important Points:

- Commitment to replacing older ships with caution about premium for newer vessels.
- Operational leverage maintained with commitment to maximizing shareholder returns.
- Acknowledgment of shipping business volatility.

HG infra

At Day Low @ 1550

Strong support @ 1450

Next week Q1 Numbers
Expecting Good Q1 numbers

Deepak Fertlizer

Concall Recording

Day low - 922.50

Support @ 890/850

Should do well in coming Qtrs

Expecting

1650- 1700-1800-1900-2000

Longterm - 3000+