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Jio Financial Services board meeting date to declare December 2024 quarter results. See Details

On 10th January 2025, Jio Financial Services Company issued a notification stating that the company will release the results of the quarter ended in December 2024 in the board meeting scheduled for 17th January 2025. The details are as follows: In accordance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 17, 2025, amongst other things, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2024. Looking at the previous quarter results, Jio Financial Services reported a sale of 694 crores in its consolidated results and an operating profit of 553 crores. The net profit was 689 crores.  The company earned a dividend income of 226 crores in the quarter of Septem...

Ultracab India Ltd right issue 2025 - apply or not?

Ultracab India's  rights issue has been released, priced at 14.50 rupees.  This is expected to generate roughly 50 crores for the company, with the ratio being with 9 shares will be allotted for 25 existing shares. Looking at the financial data, we see that Ultracab India's sales in September 2024 amounted to 55.55 crores, with the sales figure for the last financial year 2024,  being 124 crores. If we look at the balance sheet, as of March 2024, there were 52 crore worth of external borrowings, which was 17 crores higher than the March 2023 borrowings of 35 crores, most of which were long term borrowings. From Ultracab's financial year 2024 annual report, it is clear that the major loan is from Axis Bank and other smaller loans, like a car loan, are from HDFC Bank. Ultracab India Ltd’s current ratio in financial year 2024 was 2.86, which had increased from 1.60 in 2023, which is positive . The debt to equity ratio also changed  from 1.05 in 2023 to 1.34 in 2024 du...

UPCOMING IPO AND COMPANIES IN GREEN ENERGY SECTOR

UPCOMING IPO AND COMPANIES IN GREEN ENERGY SECTOR  THERE IS A GOOD NEWS FOR THE INVESTORS , WHO WANT TO INVEST IN GREEN ENERGY SECTOR AND WANT TO PURCHASE SHARES RELATED TO THESE COMPANIES. THERE ARE ABOUT DOZENS OF COMPANIES WANT TO LIST SOON IN THESE GREEN ENERGY SECTOR ON INDIAN EXCHANGES LIKE NSE & BSE. IN COMING NOVEMBER 2024, IPO OF NTPC GREEN WILL COME FOR ABOUT 1,000 CRORES. PSU WANT TO MAKE STORNG PRESENCE IN GREEN ENERGY SECTOR UNDER THIS GOVERNMENT. COAL INDIA, ONGC, SJVN, INDIAN OIL, LLC ETC. ARE IN THE LINE OF IPO. RESEARCHER LOBBY EXPECT THAT THESE IPO WILL BE FOR ABOUT 1000 OF CRORES. THESE ALL COMPANIES ARE INTERESTED TO TAKE ADVANTAGE OF LOWER TAX SLABS, WHICH IS ABOUT 15%. ALSO GOVERNMENT WANTS TO INCREASE RENEWALBLE ENRGY CAPACITY TO ABOUT 500 GW IN COMING FINANCIAL YEAR, SO FOR THAT PURPOUSE , STRONG PRESENCE OF PSU'S ARE RQUIRED IN THIS SECTOR. SO CLEARLY THESE SECTOR WILL RULE OTHER SECTORS WITH THE HELP OF FAVOURABLE GOVERNMENT POLICY AND FOCUS OF G...

WHEN RBI WILL LIFT BAN ON KOTAK MAHINDRA BANK?

  WHEN RBI WILL LIFT BAN ON KOTAK MAHINDRA BANK ? DEAR READERS, AS YOU ALL KNOWS THAT RBI HAS PUT RESTRICTIONS ON KOTAK MAHINDRA BANK FOR ISSUING NEW CREDIT CARD AND IT'S BUSINESS, AND DUE TO THAT KOTAK MAHINDRA BANK'S SHARE FACED DRASTIC FALL TODAY (>10%). NOW THE QUESTION ARISES HERE IS " WHEN RBI WILL LIFT RESTRICTIONS ON KOTAK MAHINDRA BANK?" SO THE ANSWER IS NOT HAVING A FIXED TIME-LINE. LET US UNDERSTAND THE ISSUE WITH THE EXAMPLE OF HDFC BANK. SAME RESTRICTIONS WAS FORCED ON HDFC BANK IN THE YEAR 2020 ITSELF. AT THAT TIME HDFC BANK WAS RESTRCTED TO LAUNCH NEW DIGITAL SERVICES AND NEW CREDIT CARD BUSINESS. THE REASON WAS TECHINCAL ISSUES IN THIER ONLINE SYSTEM, AND IT WAS CLEARLY INSTRUCTED TO THEM , RESTRICTIONS WILL BE IMPOSED TILL HDFC BANK DOES NOT IMPROVE THE TECNICAL FAULTS AND CLEAR IT WITH AUDIT. AFTER THAT , WITH A WAITING PERIOD OF ABOUT ONE YEAR i.e IN AUGUST 2021, RBI ALLOWED HDFC BANK TO ISSUE NEW CREDIT CARDS. AND IN MARCH 2022 , RESTRICTIONS...

Irfc latest results good or bad?

                                Irfc latest results good or bad? Here we will discuss latest results of December quarter in IRFC share, as you know since last 5 to 6 months , irfc is giving multibagger returns. but it is the thumb rule of stock market , that any stock which is higher in valuation will reach its original valuation soon. In same line if you see the results of IRFC in dec 23 quarter means Q3 results, you will observe that , Revenue is about 6741 crores , and total income is 6745 crores, it was 6767 crores in last quarter, so you can see there is the decline in income from 22 crores rupees. Total expenses are 5141 crores, while it was 5217 crores in last quarter, so you can see that company is cutting it's expenses. After such figures company managed to get 1604 crores of profit from this quarter, which was 1549 crores in previous quarter. so there is the growth of  about 3...

WHAT IS GOING ON IN JIO FINANCE SHARE AFTER Q3 RESULTS

WHAT IS GOING ON IN JIO FINANCE SHARE AFTER Q3 RESULTS? DEAR FRIENDS, AFTER Q3 RESULTS , IT WAS CLEAR THAT IN JIO FINANCE STOCK,  REVENUE,  WHICH WAS  DUE TO OTHER INCOME , IT MEANS DIVIDEND INCOME,  REDUCED SIGNIFICANTLY. I AM NOT DISCUSSING HERE ABOUT THE AMOUNT. I AM GOING TO TELL YOU THAT, WHY SHARE FALL AFTER DECLARING THE DECEMBER QUARTER OR Q3 RESULTS? OBVIOUSLY REVENUE WAS DOWN , SO NET PROFIT WAS AFFECTED BADLY. AND DUE TO THAT EPS WHICH IS EARNING PER SHARE WAS ALSO REDUCED DRASTICALLY. DUE TO THAT VALUATION OF SHARES WAS AFFECTED. THAT WAS THE REASON JIO FINANCE SHARE WAS DOWN ON VERY NEXT DAY AFTER DECALRATION OF RESULTS, OF DECEMBER 2024. SO IT IS VERY CLEAR THAT WE CAN EXPECT A GOOD INCOME FROM DIVIDENDS OF RELIANCE IN JUNE 2025. SO IT WILL BOOST THE REVENUE OR TOTAL INCOME OF JIO FINANCE. WHICH WILL LEAD TO INCREASE OF EPS, AND WILL EFFECT SHARE PRICE POSITIVELY. FOR ANY QUERY PLEASE CONTACT ON JOINDUSTFINANCE@GMAIL.COM

LEARN STOCK MARKET

                                                   LEARN STOCK MARKE T DEAR FRIENDS , STOCK MARKET IS NOT A SCIENCE OR NOT ANY DEGREE. I EARNED ABOUT 11 LACS IN 2 YEARS AND WITH GOD'S BLESSINGS, I AM STILL IN PROFIT OF 1 LACS. ALSO MANY PEOPLE ARE EARNING BECAUSE OF MY KNOWLEDGE, AND DUE TO THIS KNOWLEDGE, I WANT TO ASSURE THAT , TECHNICAL ANALYSIS OF STOCKS MUST BE A PART OF STOCK INVESTING.. IT SHOULD NOT BE THE METHOD TO EARN FROM STOCK MARKET. ACTUALLY, STOCK MARKET IS A FIGHT OF BIG PLAYERS. RETAIL INVESTOR ARE JUST A SOURCE OF INCOME FOR THESE BIG INVESTORS. YOU MUST HAVE KNOWLDGE ABOUT FUNDMENTALS OF STOCK ANALYSIS. AND YOU MUST USE TECHNICAL ANALYSIS AS A PART OF INVESTING, LIKE FOR ENTRY AND FOR PROFIT BOOKING. I KNOW MANY TECHNICAL ANALYSTS WITH GOOD KNOWLEDGE, BUT THEY ARE NOT GETTING EVEN 10% A...