7th Oct Lows @24695
7th Oct Close @24795

Nifty Today’s Low @ 24806

Kuch Samja?

Bombay Deying

247

Nifty Trying to form Double bottom

Of this lows are intact markets are bound to cross

Nifty Range - 24800-25250

Wld break either side for fresh move

Our Concentration would be on Individual stocks picks

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.

Nifty

Keep close watch any close below 24800 & 24695

Not good for markets

Nifty Chaiye 24800 ya 24695 aaye ya Ushke nichee jaayee

BUT

Few of our stocks ready for Upmove 10% To 30% ➕➕🔜🔜🔜

Stocks already share

KEEP CLOSE WATCH ON THEM

Keep all this stocks on radar

We are +ve on all stocks

Koi jaldi chalega koi late chalega

Fii Data

Highest ever provisional monthly sell by FII so far at 74,732cr

If they don't buy back in rest of the month it will be new record for FII sell figure

What are they Smelling something?

Kellton tech

7th Oct lows - 128.50 went till 156

Now again available @ 142.50

Strong buy

Ignore short term noise accmulate on all dips

Strong support @ 130-128 zone

Check rates next Diwali 🪔

Bombay Deying

Aaj ka Low @ 235.25

Support @ 220

Nifty

Days Low @ 24568

Short Term bottom Done ✔️

Tuesday Hyundai ipo listings
Can we see 25000 again

Concentrate on Diwali 🪔 stock picks

Bombay Deying

Expecting

275/300/333+ 🔜

Longterm expecting
mini Raymond in making

Inox wind

Today Low @ 208

Won’t be available at this rate aft Q2 Numbers

Inox wind

At Days High

228

Comparison

Waaree Energies at Rs1500 - PE of just 30 on FY24 Earnings

The Power of Compounding:

At 26% CAGR, Your Portfolio gets doubled every 3 years !!

10 yrs = 10x
20 yrs = 100x
30 yrs = 1000x

This exponential growth is why Ramesh Damani Sir believes in reaching ₹100 Cr is possible.

Market Mood Index
Can we see it till 20 before any reversal