Fri, Nov 15, 2024 10:19 AM
Two most prominent investors signal the end of 'buy everything' in China
A Flip by Avya Verma
National Aluminium Co. reported strong Q2FY25 performance due to higher pricing and volumes, with alumina and metal volumes up 24% and 2% YoY. EBITDA improved significantly due to higher captive coal usage and strong operating leverage. The company is a pure play on alumina and aluminum prices, and its stock is trading at 6.3x/5.1x EV of FY26E/FY27E EBITDA.
Open Flip
Despite a market crash, five stocks - 📌Tera Software, 📌Madhusudan Securities, 📌Maximus International, 📌Netlink Solutions, and 📌Polo Queen Industrial and Fintech - gained 29-40% in one week, outperforming the benchmark indices which corrected 2.5%. These stocks stood out amidst the broader market pressure and global uncertainties.
Open Flip
Finance Minister Nirmala Sitharaman is slated to meet her state counterparts on December 21 for the 55th GST Council meeting in Rajasthan's Jaisalmer. During the meeting, state finance ministers will present their recommendations for the 2025-26 Budget to be tabled on February 1, 2025.The Council is also likely to take up some rationalisation exercises and slash tax rates on a number of items.
Open Flip
