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Tech-driven innovation in financial space Keastox is a leading stock advisory and brokerage firm in India.

Keatox provides complete and best stock advice to clients. Keastox believes in clients' best interests and their growth is always our top priority, and we take every step possible to ensure that our recommendations are beneficial to our clients and that our advice is based on perfect analysis through in-depth data. At Keastox we know that investing in the stock market is the most important part of

building a successful financial future, and so we are dedicated to providing you “our clients” with the best possible advice after thorough analysis. Through our advice, We help clients make informed decisions about their investments. Keastox has a team of expert analysts, dedicated

30/10/2024

📉 India’s Market Dips: What’s Behind October’s Massive 8% Drop?

October wasn’t kind to India’s markets! The country’s market cap slid by 8%, the steepest decline since the pandemic—down $37 billion to $4.53 trillion. Let’s break it down:

🚨 Why the Big Sell-Off?

- Foreign Investors (FIIs) sold heavily, pulling out a net $10 billion as global issues—Middle East tensions, US election jitters, and high stock valuations—clouded market sentiment.

- Meanwhile, Domestic Investors (DIIs) countered with $11.6 billion in buys, fueled by strong cash reserves and resilient mutual fund inflows.

📊 Major Indexes Took a Hit:

- Sensex and Nifty dropped over 4.7% and 5.7%, with Midcap and Smallcap indexes falling over 6.7%.

🔎 Are Stocks Still Overvalued?

Despite price cuts, high valuations persist, especially for large-cap and mid-cap stocks. Analysts are urging caution, suggesting the market may still have room for further correction.

🌐 Global Markets—Who’s Up and Who’s Down?

While India struggled, the US and Taiwan saw gains. Pakistan stood out with a 10% rise, leading global market gains, followed by Kenya and Sri Lanka.

💬 What’s Next?

With global brokerages like Goldman Sachs downgrading India’s market to “neutral” and lowering Nifty targets, expect a watchful Q4. Analysts are eyeing high valuations as a key risk, suggesting that the correction phase may not be over.

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

30/10/2024

📢 Swiggy IPO Highlights 🚀

Swiggy Ltd is launching its IPO at Rs 371-390 per share of face value Rs. 1, open for subscription from November 6 to November 8 📅

Key Dates 🗓️

- Anchor Book: Opens November 5

- Allotment & Refunds: November 11

- Credit of Shares: November 12

- Listing: November 13

IPO Breakdown 💰

- Fresh Issue: Rs 4,499 crore

- Offer-for-Sale (OFS): 17.5 crore shares, valued at Rs 6,828 crore (upper price band)

- Total Issue Size: Around Rs 11,327 crore

- Market Cap: Estimated at Rs 87,299 crore

Major Shareholders 🌍

- MIH India Food Holdings (Prosus): 30.93%

- SoftBank's SVF II SONGBIRD: 7.75%

- Accel India: 4.71%

- Tencent Cloud: 3.64%

- Founders Sriharsha Majety (5.36%) & Lakshmi Nandan Reddy Obul (1.75%)

Fund Allocation 💼

- Subsidiary Investment (Scootsy): Rs 1,343.5 crore

- Technology & Cloud Infrastructure: Rs 703.4 crore

- Brand Marketing & Promotion: Rs 1,115.3 crore

Financial Snapshot 📊

- FY24 Loss Reduced: Rs 2,350 crore (from Rs 4,179 crore in FY23)

- Revenue Growth 📈: 36% to Rs 11,247 crore

- Q1 FY24 Loss: Rs 611 crore, with a 35% revenue boost to Rs 3,222 crore

Merchant Bankers 🏦: Kotak Mahindra, Citigroup, Jefferies, Avendus, JP Morgan, BofA Securities, ICICI Securities

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

30/10/2024

📉 SBI Cards Faces a Tough Road Ahead: Brokerages React to Disappointing Q2 Performance

SBI Cards’ shares fell over 3% to Rs 664 on October 30 📉, following a tough Q2 FY25 that left brokerages cautious. Here’s a quick breakdown:

Brokerage Updates:

👉 Nomura: Rated “Reduce” with a target price of Rs 625 👎, seeing FY25 as a potential “washout year” unless rate cuts boost profitability. They noted low card additions and weak operations.

👉 HSBC: Also rated “Reduce” with a target of Rs 580 🛑, citing high credit costs and sluggish card issuance. HSBC cut FY25 earnings estimates by 25% and highlighted a lack of clear asset recovery guidance.

👉 Jefferies: Issued a “Hold” call at Rs 760 ⚖️, trimming FY25-27 earnings estimates by 4-8% due to increased expenses.

Key Numbers:

👉 Net Profit: Down 33% YoY to Rs 404 crore 📉.

👉 Revenue Growth: Up 8.2% YoY, thanks to a 20% rise in interest income; however, fees and commissions dipped by 2% 📊.

Market Share & Asset Quality:

👉 Market Share Dip: Card-in-force share dropped to 18.5% (from 19.2% last year), and spending share declined to 15.7% 💳.

👉 Higher NPAs: Gross NPA climbed to 3.27%, with net NPA up to 1.19% 🚩.

With high credit costs and asset quality challenges, SBI Cards faces a challenging year ahead.

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

30/10/2024

RITES Shares Surge with Major New Contracts! 🚆

RITES shares climbed over 3% on October 30, spurred by strategic new partnerships and contracts.

🔹 New MoU with SAIL-Bokaro Steel Plant

RITES has inked an MoU with SAIL-Bokaro Steel Plant to provide project management consultancy for enhanced rail connectivity. This includes surveying, engineering, supervision, and quality control for both existing and new tracks across the Bokaro facility in Jharkhand.

🔹 Uttar Pradesh Infrastructure Contract

RITES also secured a ₹59.13 crore contract with UP State Bridge Corporation to oversee bridge and road projects across Uttar Pradesh. This contract covers construction supervision, quality control, and work zone safety with a 36-month timeline.

Stock Performance 📈

At 10:38 am, RITES shares traded 3% higher at ₹303.95 on NSE, boasting a 21% rise this year, outperforming the Nifty.

Stay tuned for more market insights!

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

29/10/2024

💥 Gillette India's Shares Surge as Profits Rise by 43.5%!

Gillette India saw its shares jump nearly 10% on October 29 after announcing a strong 43.5% boost in net profit to ₹133.01 crore for Q3 FY24, driven by broad-based growth and promising trends in rural markets.

🔑 Key Highlights:

👉 Revenue Growth: Up 17.1% YoY to ₹781.82 crore.

👉 Grooming Segment: Leading with a 23% YoY increase to ₹648.9 crore.

👉 Oral Care: Declined by 5.1% to ₹132.92 crore.

✍ Leadership Update:

CFO Gautam Kamath resigned to take on a global role as VP Corporate Strategy at P&G, with Srividya Srinivasan stepping in as CFO and Executive Director starting November 1.

📊 Stock Performance:

On 29th October, shares were trading over 9% higher at ₹9,290 on NSE. The stock has outperformed Nifty with a 43% gain this year, compared to Nifty’s 12% rise, and surged 48% in the last 12 months against Nifty's 28% increase.

💬 A solid quarter and new leadership—what's next for Gillette India? Comment your thoughts and stay tuned for more financial stories!

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

29/10/2024

JSW Steel x POSCO: Powering India’s Green Future 🌍

Big news! JSW Steel and South Korea’s POSCO have joined forces to reshape the future of steelmaking, EV batteries, and renewable energy in India.

Starting with a massive 5 MTPA steel unit (and room to grow!), this partnership isn’t just about business—it’s about driving sustainable change. 🌱

🤔 Why This Matters:

India’s rapid growth presents a huge opportunity for sustainable innovation, and this alliance sets the stage for eco-friendly manufacturing. Sajjan Jindal, JSW Group Chair, sees it as a game-changer for transforming India’s industries.

🖼 The Big Picture:

POSCO Chair Chang In‐hwa highlights that this partnership will fuel economic growth in both Korea and India while setting a new standard for environmental responsibility.

And there’s more! With JSW’s existing ventures in MG Motor and JSW Energy, this JV could mean a big boost to India’s EV ecosystem and renewable energy sector.

JSW Steel is also gearing up for an exciting H2, with margins set to improve as steel prices rise and cost-saving efforts kick in.

Together, they’re making India greener, stronger, and future-ready! Comment your thoughts and follow for more financial updates.

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

28/10/2024

🌟 Is India the New Goldmine for Swiss Businesses? Find Out Why!

Have you heard? Swiss companies are rapidly expanding their investments in India! With the upcoming $100 billion Trade and Economic Partnership Agreement (TEPA), we’re on the brink of a new era of growth and opportunity. Here’s what you need to know:

🔥 Why is India the New Hotspot?

👉 Diverse Opportunities: As businesses look to balance risks associated with the U.S.-China trade tensions, India is emerging as a vibrant alternative. With its booming economy, India's growth outpaces China’s—7% this year! 📈

👉 Tariff Reductions: TEPA will slash tariffs from an average of 22% to zero on 94.7% of Swiss exports. Think Swiss chocolates, watches, and machinery—all poised to flood the Indian market! 🍫⌚

🚀 ABB's Bold Move:

👉 Morten Wierod, CEO of ABB, shares, “India is now really booming.” With orders growing by 27% annually, ABB is ramping up operations, expanding from 6,000 to 10,000 employees since 2020! 🏭

👉 ABB’s investment isn’t just about numbers; it’s about local innovation! They’re enhancing R&D efforts to create products tailored for the Indian market.

🤝 What’s Next?

👉 Job Creation: TEPA aims to create 1 million jobs in India over the next 15 years. That's a significant boost for the economy! 💼

👉 Growing Community: Already, 350 Swiss companies are making their mark in India. As TEPA takes effect, expect even more companies to join the wave. 🌊

🔍 Your Thoughts:

How do you see the future of Swiss-Indian business relations evolving? What opportunities or challenges do you think lie ahead? Share your thoughts in the comments! 💬

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

28/10/2024

Massive Surge! Bank of Baroda's Earnings Report Has Everyone Talking!

Bank of Baroda's stock surged 6% today, reaching ₹251.56 on the NSE after the bank reported impressive earnings for the July-September quarter, showcasing the best asset quality in a decade.

Key highlights include:

- Net profit: ₹5,238 crore, up 23.2% from ₹4,253 crore last year.

- Net interest income: ₹11,622 crore, a 7.3% increase from ₹10,831 crore.

- Asset quality improvement: Gross Non-Performing Assets (GNPA) ratio fell to 2.50% from 3.32%, and Net Non-Performing Assets (NNPA) dropped to 0.60% from 0.76%.

Market activity shows a volume spike with 2 crore shares traded, double the average for the past month.

Analyst ratings are as follows:

- HSBC maintains a "hold" rating with a target of ₹270, citing strong Q2 performance despite some pressures.

- Nomura holds a "buy" rating with a target of ₹290, supported by solid Return on Assets (RoA) and stable asset quality.

Growth outlook includes domestic deposits growing by 7.1% to ₹11,50,791 crore, while international deposits surged 21.2% to ₹2,12,695 crore, totaling ₹13.63 lakh crore globally. Retail advances increased by 20% to ₹2,32,311 crore.

MD & CEO Debdatta Chand expressed optimism, anticipating deposit growth of 9-11% for FY25 and a steady margin guidance of 3.15%. He also expects to keep credit costs below 0.75%.

Stay updated by following our market blog for live updates!

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

28/10/2024

🚀 SpiceJet Unveils 32 New Flights for Winter Getaways! 🚀

On October 28, SpiceJet's shares soared over 3% after announcing 32 new flights for their winter schedule, effective October 27. Here’s what you need to know:

✈️ New Routes Galore!

- 30 domestic flights and 2 international flights (daily non-stop from Delhi to Phuket).

- Mumbai gains access to Patna, Gorakhpur, Varanasi, and Goa.

🌍 Enhanced Connectivity:

- Patna connects to Ahmedabad, Guwahati, Kolkata, and Bengaluru.

- Chennai links to Port Blair and Pune.

👉 Debojo Maharshi, Chief Business Officer, says:

“We’re thrilled to enhance your travel experience with more affordable and reliable options. Stay tuned as we expand our fleet and add even more flights soon!”

🔜 What’s Next?

SpiceJet is set to welcome 10 new planes by November, further boosting flight availability.

Stay tuned for more financial updates!

𝗞𝗘𝗔𝗦𝗧𝗢𝗫 Best Stock Broker, Financial & investment Advisor, Equity, Commodity, Currency, SIP, Mutual Fund, PMS, Service Provider in Ahmedabad

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

28/10/2024

Waaree Energies’ Stock Soars 70% on Debut—But Is It Time to Cash In?

Waaree Energies made a powerful entry into the stock market on October 28, with shares surging nearly 70% above the issue price. Here’s the key rundown:

👉 Opening Numbers: Shares debuted at Rs 2,550 on BSE (up 69.66%) and Rs 2,500 on NSE (up 66.33%), reaching a market cap of nearly Rs 69,000 crore.

👉 Early Profit-Booking: Despite the strong start, the stock fell as much as 10% due to profit-taking, hitting an intraday low of Rs 2,300 on NSE.

👉 Expert Opinions:

1. Narendra Solanki (Anand Rathi Shares) suggests holding for the long term, citing Waaree’s strong market position and government support for renewables.

2. Sagar Shetty (StoxBox) highlights Waaree’s global reach and robust order book, recommending a medium-to-long-term outlook.

3. Prashanth Tapse (Mehta Equities Ltd.) advises caution, suggesting profit-booking given high initial valuations.

👉 Financials & Growth:

Waaree's revenue grew at an impressive CAGR of 99.8% (FY22-FY24), with profits soaring from Rs 79.6 crore in FY22 to Rs 1,274.3 crore in FY24. The company’s Rs 3,600-crore IPO will fund a 6 GW manufacturing facility in Odisha, furthering its international and utility-scale solar projects.

What is your take? Follow for more financial updates!

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Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

28/10/2024

Why Top Brokerages Are Betting Big on Shriram Finance—Here’s What You Need to Know!

Shares of Shriram Finance jumped 7% to ₹3,309 on October 28, boosted by strong Q2FY25 results that prompted bullish recommendations from top brokerages.

🔑 Key Highlights:

👉 Positive Outlook: HSBC, Nomura, and Kotak Institutional Equities all reiterated 'buy' ratings, citing strong performance and attractive valuations.

👉 Target Prices:

- HSBC raised its target to ₹3,725, noting this is Shriram’s best operating phase since 2010.

- Nomura’s target is ₹3,800, calling Shriram Finance their top pick.

- Kotak targets ₹3,700, praising consistent delivery amid sector challenges.

👉 Solid Financials:

- Net profit up 18.3% YoY to ₹2,071 crore.

- Net interest income grew 16.3% YoY to ₹5,606 crore.

- Dividend declared at ₹22 per share.

Challenges remain, with net interest margin slightly down to 8.74% and gross stage-3 assets increasing. Yet, brokerages remain confident, forecasting steady growth and resilience in the sector.

What is your take? Comment and follow for more financial updates!

𝗞𝗘𝗔𝗦𝗧𝗢𝗫 Best Stock Broker, Financial & investment Advisor, Equity, Commodity, Currency, SIP, Mutual Fund, PMS, Service Provider in Ahmedabad

📱+91 8989 1818 98

🌍 www.keastox.com

Disclaimer: The information provided in our posts by Keastox is for informational purposes only and should not be considered financial advice. Please consult a qualified financial professional, or conduct your own analysis before making any investment decisions.

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