Indian equity benchmarks recovered from the day's low to end higher, breaking a two day losing streak. I T. C. Airtel and Adani Enterprises led the gains, the six inch closer to the 62,000 level, whereas the nifty was comfortable above the 18,300 mark. Let's bring you Nira Chow with a wrap of all the market action. Thanks for that. It was a it was a a flat day of trade. Not too much of a downside. But I must say, despite the NASDAQ looking very strong after the N V guidance, our markets did not kind of catch that flavour. So when we shot shop, the NASDAQ was up about 1.7% higher, but our markets ended absolutely flat. The only respite was that the advance decline was in favour of the advances, which is a good point and from amongst pockets, I think the one pocket this brought for me today was hotels. Maybe because, uh, the holiday season is at its peak and hotel companies are saying or hospitality companies are saying that a R R s are steady and high. Maybe that is helping Now, um, on the index it was a flattish move. Tata Motors were slightly lower. Some other stocks were slightly higher. The real action was beyond the index. When you look at the top move, N C C big gains up about 7%. After the fears around the Karnataka government not stopping payments were dissipated. They just networks moving ahead after the BS N L order that came in for T CS. They just do about two or three days back. We saw K p I T. Tech. Now move into the four figure mark. This is an expensive I ER d company, but continues to rise and shine back on the back of auto demand and in the Star Wars brokerage have rated it and you buy a couple of them overnight and that stock it really well for itself. Then I was looking at the results impact that came in So JB chemicals, 7% higher, extremely strong showing on the numbers. Apte big in revenues, Good margin performance. That stock was up about 56% and from amongst losers was strident. The Terry towel manufacturer corrected about 45%. If I'm not wrong in strides, Farmer had a corrective move as well on the back of the numbers that came out during market hours today and then some stocks in focus. So starting with comments, shadow hotels, the entertainment and data chemicals, all of which had news flow and reacted duly here at area as he speaks about his mantra when it comes to investing in new age companies, you see, in this market, I think idea. There are so many ideas. But you have limited capital whether you have 1000 corrode or you have 2000, even 200,000 according to the market size, Your your money is always lesser than the idea you can explore in this market. So so far, all these I T s and new technologies are concerned. I have never invested in in that in those companies. The new technology and defence I had invested in in the sun aeronautics two years back. But I exited somehow so far, this green hydros and other sector which you mentioned So I haven't bought any shares so far. Of course, I am watching all those, uh, all the all all these sectors because there is a court of mine that, uh, stay, stay invested in the sunrise sector and stay out of a sunset sector at any cost. So according to those those principle, all these sectors are always there in my mind, on my radar. But I haven't bought. But of course I have bought like I am invested in. I think that the theory in India had just started. OK, this we had been waiting for the last 23 or maybe four years. So this is what I think and all this infrastructure manufacturing or whatever you call it, the story has begun. Any any reason why? I mean, if you can share, I don't want to ask you something that you can't share. But is there a reason why you maybe got out of a premier defence stock? Was it valuations? Was it something else? Did you need the money for a better idea? What was it? No, As I told you, I have. I have a habit. I have a bad habit. And the habit is that until unless I buy at least 1% of a company, I can't hold the shares for long term. So it could be bad or good? I don't know, but I am happy with that. That makes me that makes me feel that I'm committed to the company. You know, if I'm having 23% of a company, it makes me feel that I'm committed. And if I am having some quarter percent or half percent and all so those I keep, like a reserve you can say that whenever I will get some, uh, good idea. I will sell their shares in this process. I may go wrong. Also like Hindustan Aeronautics gave a handsome return even after I sold a curious case of alleged 81 bonds mis selling by H T f C bank has come to light Pankin working multinational, fast moving consumer goods brands has filed a police complaint with the guru gramme police against private the private lender. So what are 81 bonds and how and what has been the timeline of events in this case has the details. A customer of H D F C Bank, who has been banking with the private sector lender for over 24 years, has now filed a police complaint with the Guru Gramme police station. He is alleging that H d F C bank mis sold certain financial instruments to him, which led to him losing more than $200,000 of his savings. Now, what exactly happened here is that two employees of H D F C Bank essentially sold additional Tier one bonds issued by Credit Suisse as well as some other foreign bank to this customer, who then did not know that these were additional Tier one bonds. The, uh, the employees of the bank sold these instruments to him in the form of super F DS, and he was informed that his capital would remain protected and that he would receive a high return on these investments. Of course, the customer was not fully aware about additional Tier one bonds and the risks involved in these bonds. Remember that 81 bonds are essentially instruments, which are quasi equity and quasi debt in nature. They are hybrid instrument, have a perpetual life, which essentially means that the investment once made will continue to generate returns for the for the entire life of the institution or of the investor. Of course, essentially, what this means is that once that money has been invested in these bonds, unless the bank decides to return that money to the investor. The investor will not get his principal back now. These crucial points of information were not shared with this customer, and the customer claims that he was mis sold these products and that the bank as well as employees, are liable to pay him back. Of course, this is a police complaint, and so far no action has been taken. H D F C Bank on his part has remained silent. Uh, it did not respond to queries sent out by BQ Prime, and as of now, things are pretty much status quo. Rail Systems has risen by about 12% today and has hit an all time high in trade today after posting a spectacular set of Q four numbers, The revenue shot up by over 100 and 30% with profits soaring to 114%. The vice chairperson and managing director Umesh Chori spoke to hir daa about their expansion plans for the next few years. You know, we started the coach plant with the capacity of just about 20 coaches. A, which is 200 to 240 coaches a year. Uh, with the Bangalore Metro contract to C R R. C. Coming our way, we decided to enhance it to about 36 coaches. Now, with the one day we have already You know, while we were completing the first expansion, we've already taken up the second one, and we are looking at expanding it to about 70 coaches a month. Uh, we believe that in the next uh, 2 to 3 years, we should be able to, uh, implement this capacity expansion and be at about 700 to 750 coaches a year capacity within the next 2 to 3 years. The engine maker Commins India has reported a 61% jump in consolidated profit after tax in the fourth quarter. Domestic sales during the March quarter grew 33% year on year, while exports surged 17%. Nira Shah spoke to Ashram of Commins India. Listen in. Yeah, I I always draw the analogy to, uh, what happened in China between 1990 and 2010 as that country began investing in infrastructure and in creating and growing its own economy. Uh, it created 20 years of continuous growth for, uh, businesses like Cummins, Uh, because they built the infrastructure. They scaled it up. They built buildings, they they built factories. They built capability, they they created jobs and they created growth. If we continue in the with our aspiration and the trends that we see this 6 to 7% growth which can only improve it can't get worse if we continue this journey of wanting to be a top three player in the world. Uh, I think we have to undergo a similar kind of infrastructure journey. And every aspect of that infrastructure journey, uh, is good for comments from a growth perspective. So I remain, uh, you know, while quarter on quarter, I remain cautious. But from a medium to long term perspective, I'm extremely optimistic that, uh uh, the opportunities are just increasing the garden rich shipbuilders. March quarter net profit has jumped 17%. The chairman and managing director, PR Harry, decodes the March quarter earnings and shares the growth outlook for the financial year 2024. There are four different shipyards. One there are five of us from the government segment lent a couple of more play players. So the field I'm only looking at the major platforms that is a P and Devo and narrows down to these seven players play. Each has got seven players, so each has got 6 to 7 players. I put it like this. Each has got certain strengths, certain weaknesses, certain capacities we are all aware of. Each is aware of the others capacity and the constraints to put it in the I certainly would not be able to give you both the estimates, but I'll give you a general idea the total order value. I'll just go to the conservative bracket. Let us take 85,000 core orders likely to come up in the next 3 to 5 years. Mental calculation. One of us could get even pipe.
