Laxmi Organic Industries' Q4 report beats estimates with 18% YoY and 7.4% QoQ revenue growth, driven by volume increases in essentials and specialty segments. The company expects fluorochemicals to contribute 15-20% of peak revenue in FY25, with capex planned for expansion and new manufacturing. The stock is valued at Rs240, upgraded to 'Reduce'.
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Pratik Gupta, CEO of Kotak Institutional Equities, expects foreign portfolio investment outflows from Indian markets to continue due to high valuations, slowing earnings, and rising US bond yields, with upcoming events like the US presidential election and potential Chinese economic stimulus adding to the uncertainty.
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The Indian markets are continuously dominated by the young investors, highlighted a latest report by National Stock Exchange. The report noted that the proportion of investors under the age of 30 has surged significantly over recent years, climbing from 22.9 per cent in March 2018 to a remarkable 40.0 per cent by September 2024.
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