Investments in renewable energy projects, debt repayment, and general corporate purposes.

NTPC Green Energy Ltd: IPO

Open: 19 Nov, 2024
Close: 22 Nov, 2024

FV : ₹10
Price : ₹102 – ₹108

Market Lot : 138 Shares
App Amt : ₹14,904

Size : ₹10,000 Cr (Approx)
Fresh : ₹10,000 Cr (Approx 92.59 Cr Shares)
OFS : NIL

QIB : 75% (Approx ₹6,600 Cr – 61.11 Cr Shares)
HNI : 15% (Approx ₹1,320 Cr – 12.22 Cr Shares)
Retail : 10% (Approx ₹880 Cr – 8.14 Cr Shares)

Reservations:

Employee : ₹200 Cr – 1.94 Cr Shares
Shareholder : ₹1,000 Cr – 9.25 Cr Shares

What to Do After Swiggy’s IPO Listing

If you were allotted shares in the Swiggy IPO, Keep an eye on Swiggy’s stock price on the stock exchange. Use financial news and analysis to understand market trends and potential price movements.

If you believe in Swiggy’s long-term growth potential, you might consider holding the shares.  If you’re satisfied with the initial gains or have immediate financial needs, you can sell your shares on the stock market.

Entry level of Swiggy’s 

But in the short term, don’t enter if you are allotted to book profit at the 445 level, and if you want to go long, follow stop-loss to reduce your risk.

Do not enter at this level wait for 350 or 325 after you can enter or earn profit.

Buy Nifty future Nov above 24000

for target 24150 – 25300….

stop-loss as you like

Sell Nifty future Nov below 23900

for target 23750 – 23600…

stop-loss as you like

Buy Bank Nifty future Nov above 51400

for target 51700 – 52000…

stop-loss as you like

Sell Bank Nifty future Nov below 51200

for target 50900 – 50600…

stop-loss as you like

The remarkable surge in the share price of Elcid Investments, a little-known small-cap stock that has now become India’s most expensive stock.

On October 29, Elcid’s share price skyrocketed by an unprecedented 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250.

This incredible price increase has surpassed the previous record holder, MRF, which closed at Rs 1,22,576 per share.

The surge in Elcid’s share price followed a special call auction session on the Bombay Stock Exchange (BSE) aimed at discovering the fair value of holding companies

Elcid’s shares were valued at Rs 2.25 lakh during the auction, still significantly below the company’s impressive book value of Rs 5,85,225

Elcid Investments has also been generous in rewarding its shareholders with high dividends, with a dividend yield of over 708% in FY24.

Why did Elcid Investment’s share price suddenly surge into lakhs?

The primary reason for the dramatic increase in Elcid Investments’ share price is SEBI’s new mechanism for price discovery of Investment Companies (ICs) and Investment Holding Companies (IHCs). This mechanism, implemented through a special call auction with no price bands, led to a significant increase in the stock’s valuation.

Some important points related to Elcid Investment

• Price Surge: Elcid Investments’ stock price skyrocketed by over 66 million percent on October 29th, 2024, making it the most expensive stock in India.
• SEBI’s Role: The dramatic price increase was triggered by SEBI’s new mechanism to improve price discovery for Investment Companies (ICs) and Investment Holding Companies (IHCs).
• Valuation: Despite the significant price hike, Elcid Investments’ stock is still undervalued compared to its book value.
• Financial Performance: The company reported strong financial performance in the June 2024 quarter, with significant growth in net profit and net sales.
• Investment Strategy: Elcid Investments primarily invests in other companies, including a substantial stake in Asian Paints.
• SEBI’s Circular: SEBI’s new circular aimed to improve the liquidity and fair price discovery of ICs and IHCs, leading to the special call auction for Elcid Investments.

What is the main source of income for Elcid Investments?

Elcid Investments primarily generates income through dividends from its investments in other companies, such as Asian Paints.

Is Elcid Investments undervalued or overvalued?

Based on its book value, Elcid Investments is still considered undervalued, even after the significant price increase.

What is the impact of SEBI’s new mechanism on Elcid Investments?

SEBI’s new mechanism has led to improved price discovery for Elcid Investments, resulting in a significant increase in its share price. This mechanism aims to provide a fairer valuation for the company’s stock.

This special session is held annually to mark the beginning of the new Hindu financial year. It’s considered auspicious to start investing on this day.

Key points to remember:

• Regular trading: Closed on November 1, 2024, due to Diwali.
• Muhurat trading: Open on November 1, 2024, from 6 PM to 7 PM.
• Trading hours on October 31, 2024: Regular trading hours (9:15 AM to 3:30 PM).

Therefore, if you plan to trade on October 31, 2024, you can do so during the regular trading hours.

Market capitalization, often referred to as “market cap,” is the total dollar market value of a company’s outstanding shares of stock. It’s calculated by multiplying the current market price per share by the total number of outstanding shares.

How Market Cap Influences Investment Strategies

Market cap is a valuable tool for investors to assess a company’s size, stability, and potential growth. It helps categorize companies into different groups: 

1. Large-Cap Stocks:
   • Long-Term: These are typically well-established, financially stable companies with a proven track record.
   • Short-Term: While less volatile than smaller-cap stocks, they can still be influenced by market trends.
2. Mid-Cap Stocks:
   • Long-Term: These companies often exhibit higher growth potential than large-cap stocks but may carry slightly more risk.
   • Short-Term: They can be more volatile than large-cap stocks but offer opportunities for quick gains or losses.
3. Small-Cap Stocks:
   • Long-Term: These are typically young, high-growth companies with significant upside potential.
   • Short-Term: They are highly volatile and can be risky, but they also offer the potential for significant returns.

Using Market Cap for Investment Decisions

• Diversification: By investing in companies of different market caps, investors can diversify their portfolios and reduce risk.
• Risk Tolerance: Investors with a higher risk tolerance may prefer small-cap stocks, while those seeking stability may opt for large-cap stocks.
• Investment Horizon: Long-term investors may prefer to invest in companies with strong fundamentals and long-term growth potential, regardless of their market cap. Short-term investors may focus on market trends and momentum.

Remember:

• Market cap is just one factor to consider when making investment decisions.
• It’s essential to conduct thorough research, including analyzing a company’s financial performance, management team, and industry trends.
• Consulting with a financial advisor can provide personalized guidance based on your specific financial goals and risk tolerance.

By understanding market capitalization, investors can make informed decisions and build a diversified portfolio that aligns with their investment objectives.

How to Calculate PE Ratio:

PE Ratio = Market Price per Share / Earnings per Share (EPS)

Interpreting the PE Ratio:

1. High PE Ratio: A high PE ratio often indicates that investors expect high growth from the company in the future. However, it can also mean that the stock is overvalued.
2. Low PE Ratio: A low PE ratio might suggest that the stock is undervalued or that the company is facing financial difficulties.

Using PE Ratio for Investment Decisions:

• Short-Term Investing:
  • A high PE ratio might signal a potential sell opportunity if the market overreacts to positive news.
  • A low PE ratio could be a buying opportunity, especially if the company’s fundamentals are strong.
• Long-Term Investing:
  • A high PE ratio can be justified for companies with strong growth prospects.
    
  • A low PE ratio can be a good entry point for value investors, especially if the company is undervalued.

Important Considerations:

1. Industry-Specific PE Ratios: Different industries have different average PE ratios. Comparing a company’s PE ratio to the industry average can provide valuable insights. 
2. Historical PE Ratio: Analyzing a company’s historical PE ratio can help you determine if the current valuation is reasonable.
3. Future Earnings Expectations: Investors’ expectations about future earnings growth significantly impact the PE ratio.
4. Other Valuation Metrics: While the PE ratio is a valuable tool, it’s essential to consider other valuation metrics like the price-to-book ratio (P/B ratio) and the dividend yield to get a more comprehensive picture.

Remember: The PE ratio is just one piece of the puzzle. Always conduct thorough research and consider other factors, such as the company’s financial health, competitive advantage, and management team, before making investment decisions.

2024 Diwali Muhurat Trading will take place on Friday, November 1, 2024, between 6:00 PM and 7:00 PM IST.

This special one-hour trading session marks the beginning of the new Hindu calendar year, Samvat 2081. It is considered auspicious to make investments during this time, with the belief that it brings wealth and prosperity in the coming year.

Important Note:

• All trades executed during the Muhurat trading session will result in settlement obligations.
• SIP orders will not be executed during this session.
• It’s advisable to consult with a financial advisor before making any investment decisions.

Summary of Bandhan Bank Q2FY25 Performance

• Net Interest Income (NII): ₹2,948 crore (up 21% YoY)
• Net Profit: ₹937 crore (up 30% YoY)
• Net NPA: 1.29% (improved YoY from 2.32%, but worsened QoQ from 1.15%)
• Gross NPA: 4.68% (lower YoY, but higher QoQ from 4.23%)
• Deposits: ₹1.43 lakh crore (up 27% YoY, 7% QoQ)
• Net Interest Margin (NIM): 7.4% (compared to 7.2% in Q2FY24)
• CASA Deposits: ₹47,283 crore
• CASA Ratio: 33.2%
• Capital Adequacy Ratio: 15.6% (required minimum is 11.5%)
• Distribution Network: Approximately 6,300 outlets
• Customer Base: Over 3.50 crore customers
• Employees: Nearly 80,000
• Leadership: Partha Pratim Sengupta appointed as MD & CEO effective Nov 01, 2024 (subject to shareholder approval)

This data highlights the growth and financial health of Bandhan Bank in Q2FY25.