DustFinance-By Guvi -Removing the Dust from Financial Riddles Through Fundamental Analysis

The current market cap of Premier Energy is 51732 crores, and its current price is 1147 rupees. On 14th of January, 2025, Premier Energy had notified BSE of receiving orders worth 1460 crore from 2 big IPP (Independent Power Producers). In accordance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations of 2015, we hereby inform you that Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, Premier Energies Photovoltaic Private Limited, the subsidiaries of Premier Energies Limited, have received and accepted multiple orders amounting to INR 1460 Crore from 2 large Independent Power Producers (IPP) and others. These orders include INR 1041 Crores for Solar Modules and INR 419 Crores for Solar Cells. The supply is set to begin in May 2025. Let me tell you that currently, Premier Energy is one of the major players in the solar energy industry in the country. Premier Ener...

Grow is preparing for IPO launch in 2025, according to Business Standard. The company is planning to raise 6000 crore rupees in 2025 through IPO and reported a net loss of 805 crore in 2024. Currently, Grow is the biggest brokerage firm, surpassing even Zerodha, and also operates in direct mutual fund distribution. According to the company's website, Grow currently has over 50 million customers. In the last five years, the number of Demat accounts has nearly doubled, with a significant contribution from retail investors.  In December 2024, the SIP book also reached a level of 26000 crore, which is a record. This is the reason why companies like Grow have seen an increase in their customer base. But what course the market will take in the future and when the company decided to launch the IPO will only be known later, but for now, Grow is planning to launch an IPO in 2025. The price band and lot size will only be known after the draft offer. Before this offer, Grow is valuing its com...

In April 2024, the shares of Waaree Renewables Technologies Ltd had reached a high of 3037 but closed today at 951. The intriguing aspect here is that, the same share was trading around 4-5 rupees during 2017-2018, hence proving to having become a multibagger by April 2024, turning a 1 lakh investment into around 6 crore. In the last 4 trading sessions, it has crashed almost by 28%. The stock started falling after Mr. Dilip Panjwani resigned from his position as chief financial officer (CFO) of the company for personal reasons.  "Please accept my formal resignation from my role as Chief Financial Officer of Waaree Renewable Technologies Ltd effective today on January 7, 2025. Per discussion, please note that the last date of my employment will be January 31, 2025," Panjwani stated. Exchanges have put the securities of Waaree Renewable Tech under the long-term Additional Surveillance Measure (ASM) framework. On technical charts, the share traded lower than the 50-, 100-, 150-...

Mirae Asset MF has launched a new fund offer (NFO) in the small cap fund category , information about which is provided below. NFO opens on - 10 Jan 2025 NFO closes on - 24 Jan 2025 As indicated by its name, this NFO will be investing in small cap stocks predominantly, which means 65% of the investment will be in small cap stocks. As we all know, Small cap stocks are riskier than mid cap and large cap ones. Hence, the fund's category will be very high risk. It is an open-ended fund , so you can invest in it even after the NFO period. The fund will be managed by Mr. Varun Goel and is benchmarked to the Nifty Small Cap 250 Total Return Index (TRI). As per the fund house's website, the ideal investment time for this fund is considered to be more than 5 years. Also, it is deemed suitable for those investors who prefer growth along with risk. To know more about the investment philosophy of the fund, please click on the link provided below: Investment Philosophy The riskometer of ...

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'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  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...