<h2>Aurionpro Solutions</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/aurionpro-solutions">Aurionpro Solutions</a> has secured a major deal with one of Saudi Arabia's largest banks to implement its iCashpro+ transaction banking platform, enhancing corporate banking operations with AI-driven automation and digital innovation. This marks Aurionpro's second major win in the KSA this year, aligning with Vision 2030 and reinforcing its presence in the Middle East.SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 61.3x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/aurionpro-solutions">Excellent Sep-24 results </a>| <a href="https://www.sovrenn.com/discovery/preferential-issuance/aurionpro-solutions">Fund raise</a> | Institutional entry | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/aurionpro-solutions">Acquisition </a>| Partnership |<a href="https://www.sovrenn.com/discovery/large-order-receipts/aurionpro-solutions"> Large order</a> | Orderbook of INR 1,150 Cr+ (Sep-24) (1x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/new-age-it/aurionpro-solutions">New-age IT</a>FUTURE OUTLOOK: As per the Q2FY25 Concall, Company is optimistic about achieving its guided growth of over 30%+ for FY25, while ensuring that earnings margins stay within the projected range.<ul><li>MCap of INR 10,083 Crore (share price = INR 1,828 / share) (as on 11th Dec ‘24)</li><li>TTM PE of 61.3x (as on 11th Dec ‘24) Retail float = 8.6% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range<h3>Question 1: Who are the promoters of Aurionpro Solutions?&nbsp;</h3>Aurionpro is the convergence of advanced technology solutions that help enterprises accelerate Digital Innovation - securely and efficiently. It is 'One Platform', guiding businesses to ADAPT to a new paradigm in Digital Transformation across Banking Transportation, Logistics, and Government sectors.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>H. G. Infra Engineering Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/revenue-guidance/h.-g.-infra-engineering-ltd">H.G. Infra</a> has received a letter of acceptance from MoRTH worth INR 763 Cr project to upgrade NH-227B (84 Kosi Parikrama Marg) in Uttar Pradesh to a two-lane paved shoulder configuration under the Hybrid Annuity Model. The 63.84 km project has a construction period of two years.SUMMARY: 6y Operating Profit uptrend | PE 18.9x (Sector PE range 10-50) | Institutional entry | <a href="https://www.sovrenn.com/discovery/infrastructure/h.-g.-infra-engineering-ltd">Infrastructure</a>FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has a total Order book of INR 15,642 Cr as of June 2024 | As per Q1FY25 Concall, Company committed for an order inflow of INR 11,000 Cr to INR 12,000 Cr in FY25, with a revenue growth of 17% to 18% and a margin of 15% to 16%.<ul><li>MCap of INR 9,905 Crore (share price = INR 1,520 / share) (as on 11th Dec ‘24)</li><li>TTM PE of 18.9x (as on 11th Dec ‘24) Retail float = 10.5%% (Sep-24)</li></ul>FOOD FOR THOUGHT: Client concentration risk: Road projects from NHAI and ARTL contribute to 87% of orderbook as of Dec-23.<h3>Question 1: Who are the promoters of H. G. Infra Engineering?&nbsp;</h3>With a resilient two-decade journey,&nbsp;HGIEL&nbsp;has emerged as one of India's fastest-growing construction companies. Its dedication to quality and timely execution has been pivotal in establishing it as a trusted leader in the infrastructure industry. It is engaged in the business of EPC and Maintenance of roads, bridges, flyovers, etc.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery">Sovrenn Discovery</a>&nbsp;<h2>Tejas Networks Ltd</h2>Recent filing: (NEW CONTRACT) <a href="https://www.sovrenn.com/discovery/asset-base-expansion/tejas-networks-ltd">Tejas Networks</a> has entered into a three - year contract with Vodafone Idea Limited to supply its industry-leading TJ1400 and TJ1600 packet and optical transmission products to augment Vodafone Idea’s backhaul capacity and boost network performance across multiple telecom circles in the country.SUMMARY: 3y Operating Profit uptrend | PE 50x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/tejas-networks-ltd">Excellent Sep-24 results</a> <a href="https://www.sovrenn.com/discovery/order-book/tejas-networks-ltd">Orderbook</a> of INR 4,845 Cr (Sep-24) | 5G<ul><li>MCap of INR 22,691 Crore (share price = INR 1,324 / share) (as on 11th Dec ‘24)</li><li>TTM PE 50x (as on 11th Dec ‘24) Retail float = 13.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative operating cashflow for FY24.<h3>Question 1: Who are the promoters of Tejas Networks?</h3>Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.Also Read: <a href="https://www.sovrenn.com/knowledge/datamatics-global-services-acquisition-zaggle-prepaid-ocean-partnership-and-balu-forge-industries-capacity-expansion">Datamatics Global Services Acquisition, Zaggle Prepaid Ocean Partnership And Balu Forge Industries Capacity Expansion</a>

Aurionpro Solutions and H.G. Infra Engineering secure major orders; Tejas Networks lands a new contract, marking significant advancements in technology and infrastructure projects. Explore details now.

Aurionpro Solutions And H. G. Infra Engineering Order, Tejas Networks New Contract

<h2>Datamatics Global Services Ltd.</h2>Recent filing: (ACQUISITION) <a href="https://www.sovrenn.com/prime/datamatics-global-services-limited">Datamatics</a> will acquire 100% stake in TNQ Tech Private Limited, a Chennai-based digital publishing technology and services company with a presence in India, Europe, and North America. TNQ Tech provides prepress publishing, design, software development, and maintenance services to international publishers, with patented products for scientific, technical, and medical content. The acquisition strengthens Datamatics' AI-enabled content technology suite, enhancing its global presence with over 6,500 employees and positioning it as a leader in digital content services. Post-acquisition, TNQ will operate as a step-down subsidiary of Company.**SUMMARY: PE 20.9x (Sector PE range 30-50) | Strategic Partnerships | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/datamatics-global-services-ltd">New Products</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/datamatics-global-services-ltd">Acquisitions </a>| <a href="https://www.sovrenn.com/discovery/new-age-it/datamatics-global-services-ltd">New-Age IT</a>FUTURE OUTLOOK: As per Q4FY24 Concall, Company Forecasting 7% to 8% growth in the next financial year | Anticipating sustained margins around 15.7-16% on EBITDA and 13.5-14% on EBIT.<ul><li>Mcap of INR 3,795 Crore (share price = INR 641 / share) (as on 10th Dec ’24)</li><li>TTM PE 20.9x (as on 10th Dec ’24) Retail float = 13.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Geographical concentration risk (focused in India and West Asia) compared to large IT companies which have a wide presence in the US and European markets<h3>Question 1: Who are the promoters of Datamatics Global Services?&nbsp;</h3>Incorporated in 1987, Datamatics provides solutions for data driven businesses to enhance their productivity and customer experience. Its services can be divided into three segments: digital operations, digital experience and digital technology The Company has also developed products in robotics process automation, advanced analytics business intelligence, and automated fare collection.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Zaggle Prepaid Ocean Services Ltd</h2>Recent filing: (PARTNERSHIP) HDFC Credit cards bundled with<a href="https://www.sovrenn.com/discovery/revenue-guidance/zaggle-prepaid-ocean-services-ltd"> Zaggle</a> Software to be offered to corporate customers across industries.SUMMARY: 2y Operating Profit uptrend | PE 98.1x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/zaggle-prepaid-ocean-services-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/zaggle-prepaid-ocean-services-ltd">Acquisitions</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Institutional entry | ITFUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company is raising its guidance to a 50-55% increase in topline growth for FY25 and is highly confident in doubling FY24 revenues within the next two years | Company has a seasonality where 35% to 40% of business comes in the first 2 quarters and about 60% to 65% comes in H2, which is the Q3 and Q4.<ul><li>MCap of INR 7,002 Crore (share price = INR 570 / share) (as on 10th Dec ‘24)</li><li>TTM PE 98.1x (as on 10th Dec ‘24) Retail float = 20% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Question 1: Who are the promoters of Zaggle Prepaid Ocean Services?&nbsp;</h3>Incorporated in 2011, Zaggle is a uniquely positioned player in the FinTech industry, offering a diversified range of products and services. Company’s portfolio includes a variety of SaaS solutions, such as expenses, payments, and rewards management software, which cater to a wide array of touchpoints.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Balu Forge Industries Ltd.</h2>Recent filing: (CAPACITY EXPANSION) <a href="https://www.sovrenn.com/prime/balu-forge-industries">Balu Forge Industries</a> with a current machining capacity of 32,000 tons (70% utilized), is introducing high-precision machining technology to expand its portfolio into aerospace, defense, railways, and oil &amp; gas sectors. The first machine, costing INR 21.0 lakhs, was funded through internal accruals, with further investment and capacity details pending. The expansion, targeted for completion by FY26, will enhance precision, flexibility, material utilization, and the ability to machine complex products in a single setup.SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 67.3x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/balu-forge-industries-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/balu-forge-industries-ltd">Capacity expansion</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/balu-forge-industries-ltd">Fund raise</a> | Promoter Buying | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/capital-goods/balu-forge-industries-ltd">Capital goods – Non Electrical Equipment</a>FUTURE OUTLOOK: As per FY24 Concall and reiterated in 1QFY25 business update, Company expecting Revenue to conservatively grow in the range of 40%-45% in FY25 over FY24 and EBITDA margins are expected to be in the corridor of 23%-24% in the upcoming quarter.<ul><li>MCap of INR 9,151 Crore (share price = INR 836 / share) (as on 10th Dec ‘24)</li><li>TTM PE 67.3x (as on 10th Dec ‘24) Retail float = 10.3% (Sep-24)</li></ul>FOOD FOR THOUGHT: Large working capital cycle | PE above sector range<h3>Question 1: Who are the promoters of Balu Forge Industries ?&nbsp;</h3>Company is engaged in the manufacturing of fully finished and semi-finished crankshafts and forged components. It has the capability to manufacture components conforming to both New Emission Regulations &amp; the New Energy Vehicles.Also Read: <a href="https://www.sovrenn.com/knowledge/josts-engineering-excellent-results-roto-pumps-and-teerth-gopicon-order">Josts Engineering Excellent Results, Roto Pumps And Teerth Gopicon Order</a>

Datamatics Global Services announces a strategic acquisition, Zaggle Prepaid Ocean forms a key partnership, and Balu Forge Industries advances with capacity expansion. Discover their latest developments.

Datamatics Global Services Acquisition, Zaggle Prepaid Ocean Partnership And Balu Forge Industries Capacity Expansion

<h2>Josts Engineering Company Ltd</h2>Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for Josts Engineering, Sales up 53% YoY from INR 41.01 Cr in Sep-23 to INR 62.58 Cr in Sep-24. Similarly, Net Profit up 2.3x from INR 2.2 Cr to INR 5 13 Cr. On a QoQ basis, Sales up 11% and Net Profit up 41%.SUMMARY: 4y operating profit uptrend | 2q operating profit uptrend | PE 33.3x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/josts-engineering-company-ltd">Excellent Sep-24 results</a> | Fund raise | Capital Goods – Non-Electrical Equipment<ul><li>MCap of INR 509 Crore (share price = INR 520 / share) (as on 9th Dec ‘24)</li><li>TTM PE 33.3x (as on 9th Dec ‘24) Retail float = 20.9% (Sep-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Question 1: Who are the promoters of Josts Engineering?&nbsp;</h3>Established in 1907, having headquarter in Mumbai, Jost's Engineering Company Limited is a material handling equipment (MHD) manufacturer and supplier of a broad range of engineering product (EPD) solutions with applications in many different industries.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Roto Pumps Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/large-order-receipts/roto-pumps-ltd">Roto Energy Systems</a> Ltd., a subsidiary of Roto Pumps Ltd., secured over 400 orders for its Roto Rudra Solar Submersible Pumping Systems, supporting agriculture and renewable energy initiatives in Australia, South Africa, Chhattisgarh, and Maharashtra. Orders include 100 units each for South Africa and Australia, featuring advanced Helical Rotor and Centrifugal Pumps with remote monitoring, capable of pumping from 200-meter depths using minimal solar power.SUMMARY: 5y Operating Profit uptrend | PE 53.3x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/capital-goods/roto-pumps-ltd">Capital Goods – Non-Electrical equipment</a><ul><li>MCap of INR 1,910 Crore (share price = INR 304 / share) (as on 9th Dec ‘24)</li><li>TTM PE 53.3x (as on 9th Dec ‘24) Retail float = 26.5% (Sep-24)</li></ul>FOOD FOR THOUGHT: Aegis Investment Fund reduced its stake from 1.2% in Dec ’23 to close to 0% in Mar ’24<h3>Question 1: Who are the promoters of Roto Pumps?&nbsp;</h3>Roto Pumps Limited is a pioneer in manufacturing Positive Displacement Pumps. The company continuously endeavors to increase the product portfolio catering to a wider spectrum of industrial pumps for the industries and cover as many applications as much as possible.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Teerth Gopicon Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/ipo-zone/teerth-gopicon-ltd.-ipo">Teerth Gopicon</a> has secured an INR 237 Cr order from Rajasthan Renewable Energy Corporation under Hybrid Annuity Mode (HAM) for designing, supplying, erecting, testing, commissioning, and 25 years of comprehensive O&amp;M of rooftop solar projects in Rajasthan, to be executed within 12 months. The project includes 11 MW in Baran (INR 48 Cr for setup) and 26 MW in Pali (INR 121 Cr for setup), with a total O&amp;M cost of INR 67 Cr for both projects over 25 years. O&amp;M includes INR 5 Lac/MW for the first year, with a 3% annual escalation post-COD.SUMMARY: 4y Operating Profit uptrend | 3h Operating Profit uptrend | PE 38.2x (Sector PE range 10-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/teerth-gopicon-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/teerth-gopicon-ltd">Promoter Buying</a> | <a href="https://www.sovrenn.com/ipo-zone">IPO</a> | Orderbook of INR 1,081 Cr (8th Nov-24) (7.9x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/gas-and-water-infra/teerth-gopicon-ltd">Water Infra</a>FUTURE OUTLOOK: As per Sep-24 Analyst Meet Company has given a Revenue guidance for FY25 of INR 250-300 Cr (a 2.6x growth) with 13-13.5% PAT margin and a Revenue guidance for FY26 of INR 750-900 Cr with 13.5-14% PAT margin.<ul><li>MCap of INR 675 Crore (share price = INR 563 / share) (as on 9th Dec ‘24)</li><li>TTM PE 38.2x (as on 9th Dec ‘24) Retail float = 22.1% (Sep-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector<h3>Question 1: Who are the promoters of Teerth Gopicon?&nbsp;</h3>The Company specializes in road construction, sewerage work, and water distribution projects in Madhya Pradesh, and has also subcontracted residential tower construction in Indore. As an EPC contractor, it provides detailed project engineering, procurement of materials and machinery, project execution, and operation and maintenance services.Also Read: <a href="https://www.sovrenn.com/knowledge/tembo-global-industries-advait-infratech-and-kernex-microsystems-order">Tembo Global Industries, Advait Infratech And Kernex Microsystems Order</a>

Josts Engineering reports excellent results, while Roto Pumps and Teerth Gopicon secure notable orders, showcasing growth and success across industries. Explore their latest milestones.

Josts Engineering Excellent Results, Roto Pumps And Teerth Gopicon Order

<h2>Tembo Global Industries Ltd</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/tembo-global-industries-limited">Tembo Global</a> has secured a significant INR 52.9 Cr domestic order for a water irrigation project, marking its second major order in a short period. The project involves the supply of Ductile Iron (DI) pipes, scheduled for completion within 12 months.SUMMARY: 5y Operating Profit uptrend | PE 31.1x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/tembo-global-industries-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/tembo-global-industries-ltd">Large Order</a> | Fund raise | Institutional Entry | <a href="https://www.sovrenn.com/discovery/promoter-buying">Promoter Buying</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches">Capacity Expansion</a> | <a href="https://www.sovrenn.com/discovery/order-book/tembo-global-industries-ltd">Order Book</a> of INR 1,200+ Cr and Order book of Textile is INR 180 Cr (Sep-24) (3x times of FY24 Revenue) | Capital Goods – Non Electrical equipment.FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company current capacity is pegged at 15,000 tons per annum. The ongoing green field expansion at Vasai will bolster company overall capacity by 6x times, reaching 105,000 MTPA by FY25.<ul><li>MCap of INR 836 Crore (share price = INR 753 / share) (as on 6th Dec ‘24)</li><li>TTM PE 31.1x (as on 6th Dec ‘24) Retail float = 23.4% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative Cash flow from operations for FY24<h3>Question 1: Who are the promoters of Tembo Global Industries ?</h3>Tembo is a prominent engineering company, manufacturing high-quality specialised metal products for a wide array of applications, including Pipe Support Systems, Fasteners, Anchors, and HVAC, catering to industries like Automotive, Real Estate, Infrastructure and Oil &amp; Gas. Additionally, the Company process and supplies fibres and yarn (Textiles Division) and is poised to enter the Defence sector by FY26.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Advait Infratech Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/advait-infratech-limited">Advait Energy</a> has received an order for Supply and Installation of 24 F OPGW on Turkey Basis for 400 KV Transmission Line Kurukshetra- Malerkotla in 7 months.SUMMARY: 6y Operating Profit uptrend | PE 76.1x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/advait-infratech-ltd">Fund raise </a>| <a href="https://www.sovrenn.com/discovery/large-order-receipts/advait-infratech-ltd">Large Order</a> | MoUs | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/advait-infratech-ltd">Promoter Buying</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/green-energy/advait-infratech-ltd">Green Energy</a> | Power and Telecom InfraFUTURE OUTLOOK: As per Dec FY25 Investor presentation, By 2027, Company plans to establish a 300 MW electrolyser manufacturing facility (Current capacity 50 MW/year) and expand to 1 GW by 2030. It also plans to start fuel cell assembly and manufacturing operations by 2028.| Company is targeting 1 GW of BESS Projects over the period of next 5 years.<ul><li>MCap of INR 1,851 Crore (share price = INR 1,713/share) (as on 6th Dec ‘24)</li><li>TTM PE 76.1x (as on 6th Dec ‘24) Retail float = 16.9% (Sep-24)</li></ul>FOOD FOR THOUGHT: Intensely competitive EPC industry given low barriers to entry | Dependence on tenders floated by government<h3>Question 1: Who are the promoters of Advait Infratech?</h3>Since its establishment in 2009, the Company has been at the forefront of delivering robust products and solutions tailored for power transmission, substation, and telecommunication infrastructure. In 2023, it has diversified into green energy, through its entrance into the supply of electrolysers and fuel cells. The Company has also extended its impact into climate services, focusing on sustainability consultancy, decarbonization consultancy, and comprehensive carbon consultancy services.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Kernex Microsystems (India) Ltd</h2>Recent filing: (ORDER) Company has been awarded an order worth INR 2,041 Cr from Chittaranjan Locomotive Works, Chittaranjan for Supply, installation, testing and commissioning of On-board KAVACH equipment, to be delivered by Dec'25.SUMMARY: PE NA (Sector PE range 50-100) | Fund raise | <a href="https://www.sovrenn.com/discovery/large-order-receipts/kernex-microsystems-(india)-ltd">Large Order</a> | JV | EMS<ul><li>MCap of INR 1,911 Crore (share price = INR 1,140 / share) (as on 6th Dec ‘24)</li><li>TTM PE NA (as on 6th Dec ‘24) Retail float = 27.6% (Sep-24)FOOD FOR THOUGHT: Company is loss making.</li></ul><h3>Question 1: Who are the promoters of Kernex Microsystems (India)?</h3>Company is a technology driven company focusing mainly on the Railway Safety Systems Design, Development and Turnkey Project Execution, Software Design Solutions, Embedded Design Services including Networking.Also Read:<a href="https://www.sovrenn.com/knowledge/bondada-engineering-fund-raise-and-order-transformers-and-rectifiers-acquisition-and-tejas-networks-new-project"> Bondada Engineering Fund Raise &amp; Order, Transformers &amp; Rectifiers Acquisition And Tejas Networks New Project</a>

"Tembo Global Industries, Advait Infratech, and Kernex Microsystems secure significant orders, driving innovation in their respective sectors. Stay updated on their latest achievements and market impact.

Tembo Global Industries, Advait Infratech And Kernex Microsystems Order

<h2>Bondada Engineering Ltd.</h2>Recent filing: (FUND RAISE &amp; ORDER) Board meeting is scheduled to be held on 7th December, 2024 to consider fund raise.<a href="https://www.sovrenn.com/prime/bondada-engineering">Bondada Engineering</a> has received a work order worth INR 109 Cr from Bihar Renewable Energy Development Agency for design, supply, installation, testing, commissioning with comprehensive maintenance contract for 5 years including remote monitoring systems of smart solar street light system on the identified existing electric pole under Mukhyamantri Gramin Solar Street Light Yojana in Bihar State on EPC basis in 18 months.SUMMARY: 4y Operating Profit uptrend | 4h Operating Profit uptrend | PE 98.1x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/bondada-engineering-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/bondada-engineering-ltd">Fund Raise</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/bondada-engineering-ltd">Large Order</a> | Orderbook of INR 5,342 Cr (as of 30 Sep 2024) (5.4x of TTM revenue) | 5G+Solar <a href="https://www.sovrenn.com/discovery/infrastructure/bondada-engineering-ltd">Infrastructure</a>FUTURE OUTLOOK: As per the Zee Business Interview, Management expects to double its revenue and net profit in FY25. It has also given the guidance of INR 4,000 Cr of revenue by FY27, which is a 5x growth over 3 years and expects a PAT of INR 300-340 Cr | As per H1FY24 Investor Presentation, Company has 2 GW projects in hand, Ambitious target of 10+ GW by 2030 and 600+MW commissioned till date and aims to become one of the “Top Five EPC Companies in India” by 2030 | Apart from telecom and renewable energy, the company is planning to enter Railway.<ul><li>MCap of INR 6,421 Crore (share price = INR 594 / share) (as on 5th Dec ‘24)</li><li>TTM PE of 98.1x (as on 5th Dec ‘24) Retail float = 15.4% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Question 1: Who are the promoters of Bondada Engineering?</h3>Bondada is an infrastructure company that specializes in offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&amp;M) services to clients in the telecom and solar energy sectors across India. Its expertise encompasses core design and engineering, with a focus on passive telecom infrastructure services such as construction, operation and maintenance of telecom towers, optical fiber cables and related infrastructure.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Transformers &amp; Rectifiers (India) Ltd.</h2>Recent filing: (ACQUISITION) <a href="https://www.sovrenn.com/discovery/revenue-guidance/transformers-&amp;-rectifiers-(india)-ltd">Transformers &amp; Rectifiers</a> signed a Share Purchase and Shareholders' Agreement to acquire a controlling stake in Posco Poggenamp Electrical Steel Pvt. Ltd., a leading CRGO lamination manufacturer with a capacity of 24,000 MT per annum. This strategic move integrates CRGO processing into Company's operations, enhancing EBITDA margins by 100-150 bps while generating additional revenue by serving external customers.SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit uptrend | PE 128x (Sector PE range 30-70) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/transformers-&amp;-rectifiers-(india)-ltd">Excellent Sep-24 results </a>| Fund raise | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/transformers-&amp;-rectifiers-(india)-ltd">Acquisition </a>| Institutional Entry | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Orderbook of INR 3,500 Cr (Sep-24) (2x of TTM revenue) | Capital Goods - Electrical EquipmentFUTURE OUTLOOK: As per Q2FY25 Concall, Company Chairman anticipated journey towards US\$ 1 Billion (INR 8397 Cr) Revenue in next 3 Financial Years has started. (71% CAGR).<ul><li>MCap of INR 15,457 Crore (share price = INR 1,030 / share) (as on 5th Dec 2024)</li><li>TTM PE 128x (as on 5th Dec 2024) Retail float = 14.3% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Question 1: Who are the promoters of Transformers &amp; Rectifiers?</h3>Transformers &amp; Rectifiers (India) Ltd. is a leading manufacturer of transformers up to 1,200 kV class. It manufactures a wide range of transformers like power and distribution transformers, furnace transformers, rectifier transformers and special transformers. It has a technical collaboration with Fuji, Japan for 400/765 kV reactors and 400 kV generator transformer. It has a diversified customer base in India with international presence in over 25 countries.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Tejas Networks Ltd</h2>Recent filing: (NEW PROJECT) Tejas Networks has been chosen as the primary broadband equipment supplier for Tamil Nadu's BharatNet Last Mile Connectivity project, implemented by TANFINET with Polycab India as the Master System Integrator. The project aims to provide high-speed connectivity to 50,000 government institutions and enable FTTH services for rural households.SUMMARY: 3y Operating Profit uptrend | PE 50.6x (Sector PE range 30-60) | Excellent Sep-24 results Orderbook of INR 4,845 Cr (Sep-24) | 5G<ul><li>MCap of INR 22,981 Crore (share price = INR 1,342 / share) (as on 5th Dec ‘24)</li><li>TTM PE 50.6x (as on 5th Dec ‘24) Retail float = 13.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative operating cashflow for FY24.<h3>Question 1: Who are the promoters of Tejas Networks?</h3>Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.Also Read: <a href="https://www.sovrenn.com/knowledge/izmo-subsidiary-incorporation-for-semiconductor-business-epack-durable-guidance-and-forcas-studio-business-update">Izmo Subsidiary Incorporation For Semiconductor Business, Epack Durable Guidance And Forcas Studio Business Update</a>

Stay updated on Bondada Engineering's latest fundraise and order win, Transformers & Rectifiers' strategic acquisition, and Tejas Networks' exciting new project developments.

Bondada Engineering Fund Raise & Order, Transformers & Rectifiers Acquisition And Tejas Networks New Project

<h2>Home First Finance Ltd.</h2>Recent filing: (BULK DEAL) Orange Clove Investments, True North Fund V, Aether Mauritius sold 1.7 Cr shares of <a href="https://www.sovrenn.com/discovery/revenue-guidance/home-first-finance-ltd">Home First Finance</a> at INR 990/share, aggregating to INR 1,728 Cr. HDFC Mutual Fund, American Funds Insurance Series Capital Income Builder, Norges Bank, Global Citigroup Global Markets Mauritius, Goldman Sachs Fund, Prudential Hong Kong &amp; Bofa Securities Europe bought 1.1 Cr shares at INR 990/share, aggregating to INR 1,110 Cr.SUMMARY: 7y Operating Profit uptrend | 7q Operating Profit uptrend | PE 27.4x (Sector PE range: 20-40) | Institutional Entry | <a href="https://www.sovrenn.com/discovery/nbfc/home-first-finance-ltd">NBFC</a> | Housing Finance<ul><li>MCap of INR 9,377 Crore (share price = INR 1,049/ share) (as on 4th Dec ‘24)</li><li>TTM PE of 27.4x (as on 4th Dec ‘24) Retail float = 9.1% (Sep-24)</li></ul><h3>Question 1: Who are the promoters of Home First Finance?</h3>Home First Finance Limited is a technology driven affordable housing finance company that targets first time home buyers in low and middle-income groups. It e primarily offer customers housing loans for the purchase or construction of homes. It offers mobility solutions through dedicated mobile applications for our customers to enable quick and transparent loan related transactions. We have an integrated customer relationship management and loan management system set up on a leading cloud based customer relationship platform providing us with a holistic view of all our customers.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Zen Technologies Ltd.</h2>Recent filing: (BULK DEAL) Promoter sold 20L shares of <a href="https://www.sovrenn.com/prime/zen-technologies-limited">Zen technologies </a>at INR 1801/share, aggregating to INR 360 Cr. Motilal Oswal Mutual Fund bought 11.1 L shares at INR 1800/share, aggregating to INR 200 Cr.SUMMARY: 3y Operating Profit uptrend | PE 81.7x (Sector PE range 50-100) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/zen-technologies-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/zen-technologies-ltd">Capacity expansion</a> | Patent | New Products | Institutional entry | <a href="https://www.sovrenn.com/discovery/preferential-issuance/zen-technologies-ltd">Fund raise</a> | Orderbook INR 957 Cr as of (Sep-24) (1.2x of TTM Revenue) | <a href="https://www.sovrenn.com/discovery/defence/zen-technologies-ltd">Defence</a>FUTURE OUTLOOK: As per Q1FY25 Management guidance, Company targeting to exceed turnover of INR 900 Cr in FY25, 100% increase from FY24 | As per Q1FY25 Concall, Management assured that 35% EBITDA and 25% PAT to achieve in FY25.<ul><li>MCap of INR 16,546 Crore (share price = INR 1,833 / share) (as on 4th Dec ‘24)</li><li>TTM PE 81.7x (as on 4th Dec ‘24) Retail float = 28% (Sep-24)</li></ul>FOOD FOR THOUGHT: Company is exposed to risks in tender-based operations.<h3>Question 1: Who are the promoters of Zen Technologies?</h3>Incorporated in 1996, Zen Technologies designs, develops and manufactures combat training solutions for the training of defense and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>TBO Tek Ltd.</h2>Recent filing: (BULK DEAL) FIIs (Augusta TBO Singapore, <a href="https://www.sovrenn.com/prime/tbo-tek-limited">TBO Tek</a> Korea Holdings) sold 63.8L shares of TBO TEK at INR 1,465/share, aggregating to INR 935 Cr. Mutual Funds (SBI, Axis, ICICI) bought 27.9L shares at INR 1,465/share, aggregating to INR 409 Cr.SUMMARY: 4y Operating Profit uptrend | 3q Operating Profit uptrend | PE 76.2x (Sector PE range 50-100) | <a href="https://www.sovrenn.com/ipo-zone">IPO</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/tech-platform/tbo-tek-ltd">Tech Platform</a><ul><li>MCap of INR 16,624 Crore (share price = INR 1,531 / share) (as on 4th Dec 2024)</li><li>TTM PE 76.2x (as on 4th Dec 2024) Retail float = 2.5% (Sep-24)</li></ul>FOOD FOR THOUGHT: Debtor days is very high at 867 days.<h3>Question 1: Who are the promoters of TBO Tek?</h3>Company is one of the leading global travel distribution platforms, simplifying the travel business for both suppliers and buyers. Company suppliers include hotels, airlines, cruises, car rentals, transfers, and rail services. Company buyers consist of retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps.Also Read: <a href="https://www.sovrenn.com/knowledge/advait-infratech-order-ceinsys-tech-large-order-and-datamatics-global-services-certifications">Advait Infratech Order, Ceinsys Tech Large Order And Datamatics Global Services Certifications</a>

Get the latest updates on bulk deals involving Home First Finance, Zen Technologies, and TBO Tek, including key transaction details and market insights.

Home First Finance, Zen Technologies And TBO Tek  Bulk Deal

India’s services sector, a critical driver of the economy, demonstrated resilience in November despite inflationary challenges. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&amp;P Global, slipped marginally to&nbsp;58.4&nbsp;from October’s 58.5 but remained comfortably above the&nbsp;50-point threshold&nbsp;for over 40 months, signaling continued expansion.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h2>Robust Yet Moderating Growth</h2>While total sales rose at a rate&nbsp;four points above the long-term average, new orders and output growth slowed. Export orders from Asia, Europe, Latin America, and the US grew at their fastest pace in three months, though they remained below mid-year levels.<h3>Record Job Creation Amid Confidence</h3>Employment surged, registering the&nbsp;fastest growth since the survey began in 2005, fueled by robust business confidence, growing new orders, and international demand. However, this growth came amid escalating price pressures.<h3>Inflationary Challenges</h3>Input and output prices climbed at their steepest rates in 15 months and nearly 12 years, respectively, driven by high food and labor costs. Service providers faced sharper cost pressures compared to manufacturers, leading to higher selling prices.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h3>Economic Context</h3>India’s economy expanded&nbsp;8.2% in FY24, surpassing the Reserve Bank’s 7% projection. However, GDP growth slowed to&nbsp;6.7% in Q1 FY25&nbsp;and further to&nbsp;5.4% in Q2 FY25&nbsp;due to weakening manufacturing and urban consumption.<h3>Manufacturing and Composite Output Trends</h3>The HSBC India Manufacturing PMI eased to&nbsp;56.5&nbsp;in November, marking an 11-month low. Consequently, the Composite Output Index, combining services and manufacturing, fell to&nbsp;58.6&nbsp;from October’s 59.1, reflecting broad economic moderation.OutlookThe services sector continues to be a cornerstone of India’s economy, contributing over&nbsp;50% to GDP. Policymakers must address inflationary pressures to sustain growth while leveraging the sector’s strong demand and historic employment gains. India’s services sector stands resilient, but balancing growth with inflation management will be key to maintaining momentum in the months ahead.Also Read: <a href="https://www.sovrenn.com/knowledge/gst-hike-on-tobacco-aerated-beverages-new-35-slab-proposed">GST Hike on Tobacco, Aerated Beverages: New 35% Slab Proposed</a>

Explore India's services sector growth amidst rising cost pressures. Discover key insights into its resilience and performance in the face of challenges.

India’s Services Sector: Growth Holds Firm Amid Cost Pressures

<h2>Advait Infratech Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/advait-infratech-limited">Advait Infratech</a> Energy has been declared as a qualified bidder by the Gujarat Urja Vikas Nigam Ltd for 50 MW/500MW out of the project for setting up of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support, project needs to be completed within 18 months.SUMMARY: 6y Operating Profit uptrend | PE 65.2x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/advait-infratech-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/advait-infratech-ltd">Large Order</a> | MoUs | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/advait-infratech-ltd">Promoter Buying </a>| Institutional Entry | <a href="https://www.sovrenn.com/discovery/green-energy/advait-infratech-ltd">Green Energy</a> | Power and Telecom InfraFUTURE OUTLOOK: As per Q2FY25 Investor presentation, Company manufacturing plant, located in Kadi, Gujarat, boasts a current capacity of 300 MW/year, with plans to expand to 1000 MW/year by 2030.<ul><li>MCap of INR 1,577 Crore (share price = INR 1,460/share) (as on 3rd Dec ‘24)</li><li>TTM PE 65.2x (as on 3rd Dec ‘24) Retail float = 16.9% (Sep-24)</li></ul>FOOD FOR THOUGHT: Intensely competitive EPC industry given low barriers to entry | Dependence on tenders floated by government<h3>Question 1: Who are the promoters of Advait Infratech?</h3>Since its establishment in 2009, the Company has been at the forefront of delivering robust products and solutions tailored for power transmission, substation, and telecommunication infrastructure. In 2023, it has diversified into green energy, through its entrance into the supply of electrolysers and fuel cells. The Company has also extended its impact into climate services, focusing on sustainability consultancy, decarbonization consultancy, and comprehensive carbon consultancy services.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Ceinsys Tech Ltd.</h2>Recent filing: (LARGE ORDER) <a href="https://www.sovrenn.com/prime/ceinsys-tech-limited">Ceinsys Tech</a> announced that as per its earlier communication dated Oct 9, 2024, regarding Letter of Award worth INR 331.6 Cr, it has now received a work order worth 330 Cr from the State Water and Sanitation Mission (SWSM) under the Water Supply and Sanitation Department (WSSD), Government of Maharashtra. This work order is for the implementation of the project in the Nashik, Amravati, and Chhatrapati Sambhaji Nagar regions of Maharashtra, covering 18 districts.SUMMARY: 4y Operating Profit uptrend | 4q Operating Profit uptrend | PE 65.7x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/ceinsys-tech-ltd">Fund Raise</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/ceinsys-tech-ltd">Large Order</a> | Orderbook of INR 1,210 Cr (Sep-24) (4x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/new-age-it/ceinsys-tech-ltd">New-Age IT</a>FUTURE OUTLOOK: As per Q2FY25 Concall, Company has given revenue guidance of INR 1,000 Cr (73% CAGR) in the next 2-3 years on the basis of the current order book of INR 1,210 Cr.<ul><li>MCap of INR 2,987 Crore (share price = INR 1,712 / share) (as on 3rd Dec ‘24)</li><li>TTM PE of 65.7x (as on 3rd Dec ‘24) Retail float = 23.2% (Sep-24)</li></ul>FOOD FOR THOUGHT: Risk of timing of receivables from Govt. bodies.<h3>Question 1: Who are the promoters of Ceinsys Tech ?</h3>Established in 1998, Ceinsys Tech Limited is leveraging smart technology and analytics to deliver new age solutions in the geospatial and engineering domains. The service offerings of the company include Geospatial Services, Risk Analytics, Engineering Support, Digital Enterprise, Consulting Service and Software Solutions to various industries like Water, Oil &amp; Gas, Energy, Telecom, Transport etc.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Datamatics Global Services Ltd.</h2>Recent filing: (CERTIFICATIONS) <a href="https://www.sovrenn.com/prime/datamatics-global-services-limited">Datamatics Global</a> has acquired Cyber Essentials and Cyber Essentials Plus certifications. These industry-leading certifications, backed by the UK Government's National Cyber Security Centre (NCSC), validate Datamatics' commitment to cybersecurity and further enhance the company's ability to deliver secure, reliable services to its customers globally. The Cyber Essentials and Cyber Essentials Plus certification schemes are UK Government-backed programs designed to help Enterprises safeguard against the most common cyber threats.SUMMARY: PE 19.5x (Sector PE range 30-50) | Strategic Partnerships | New Products | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/datamatics-global-services-ltd">Acquisitions </a>| <a href="https://www.sovrenn.com/discovery/new-age-it/datamatics-global-services-ltd">New-Age IT</a>FUTURE OUTLOOK: As per Q4FY24 Concall, Company Forecasting 7% to 8% growth in the next financial year | Anticipating sustained margins around 15.7-16% on EBITDA and 13.5-14% on EBIT.<ul><li>Mcap of INR 3,534 Crore (share price = INR 597 / share) (as on 3rd Dec ’24)</li><li>TTM PE 19.5x (as on 3rd Dec ’24) Retail float = 13.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Geographical concentration risk (focused in India and West Asia) compared to large IT companies which have a wide presence in the US and European markets<h3>Question 1: Who are the promoters of Datamatics Global Services?</h3>Incorporated in 1987, Datamatics provides solutions for data driven businesses to enhance their productivity and customer experience. Its services can be divided into three segments: digital operations, digital experience and digital technology The Company has also developed products in robotics process automation, advanced analytics business intelligence, and automated fare collection.Also Read: <a href="https://www.sovrenn.com/knowledge/tembo-global-industries-h-g-infra-engineering-and-kpi-green-energy-order">Tembo Global Industries, H. G. Infra Engineering And KPI Green Energy Order</a>

Advait Infratech secures a new order, Ceinsys Tech lands a large order, and Datamatics Global Services achieves key certifications. Read about the latest milestones for these industry players.

Advait Infratech Order, Ceinsys Tech Large Order And Datamatics Global Services Certifications 

The Group of Ministers (GoM) has recommended increasing the GST on cigarettes, tobacco, and aerated beverages from&nbsp;28% to 35%, marking the introduction of a fifth GST slab. This move aims to boost revenue and curb the consumption of demerit goods. The proposal, led by Bihar Deputy Chief Minister Samrat Chaudhary, will be presented to the GST Council on&nbsp;December 21, 2024.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h2>Proposed GST Changes</h2><h3>New 35% Slab</h3><ul><li>Applicable to&nbsp;tobacco products,&nbsp;cigarettes, and&nbsp;aerated beverages.</li></ul><h3>Apparel</h3><ul><li>Below ₹1,500: No change (5% GST).</li><li>₹1,500 to ₹10,000: Hiked to&nbsp;18%.</li><li>Above ₹10,000: Increased to&nbsp;28%.</li></ul><h3>Other Key Changes (October 2024 Proposal)</h3><ul><li>Packaged drinking water (20+ litres): Reduced to&nbsp;5%&nbsp;(from 18%).</li><li>Bicycles under ₹10,000: Reduced to&nbsp;5%&nbsp;(from 12%).</li><li>Shoes over ₹15,000: Increased to&nbsp;28%&nbsp;(from 18%).</li></ul>Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h2>Impact Analysis</h2>1. Revenue Boost: Higher tax on luxury and demerit goods is expected to enhance the government's fiscal position.2. Consumer Behavior: Likely to discourage consumption of products like tobacco and sugary beverages.3. Business Impact: Industries producing demerit goods may face reduced demand, while affordable goods manufacturers could benefit.<h2>Next Steps</h2>The GST Council will review and finalize these proposals in its December 21 meeting. The council may also retain the GoM for periodic rate rationalization, ensuring alignment with fiscal and socio-economic objectives.This hike reflects the government’s commitment to balancing revenue generation with public welfare, making it a key development in India’s tax policy landscape.Also Read: <a href="https://www.sovrenn.com/knowledge/raghuram-rajan-warns-us-public-debt-a-growing-vulnerability">Raghuram Rajan Warns: US Public Debt a Growing Vulnerability&nbsp;</a>

India's Group of Ministers proposes a GST hike on cigarettes, tobacco, and aerated beverages from 28% to 35%, introducing a fifth GST slab to boost revenue and reduce demerit goods consumption. The proposal will be presented to the GST Council on December 21, 2024.

GST Hike on Tobacco, Aerated Beverages: New 35% Slab Proposed

<h2>Factory activity at 11-month low in November amid cost pressure</h2>India's manufacturing sector showed signs of a slowdown in November, with growth easing to its weakest level in 11 months due to mounting price pressures and softer domestic demand. The latest data from the HSBC India Manufacturing Purchasing Managers Index (PMI) highlighted a nuanced picture of the sector, balancing domestic challenges with robust export demand.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h3 style="margin-left:0px;text-align:justify;">PMI Indicates Slower Expansion</h3>The HSBC India Manufacturing PMI, compiled by S&amp;P Global, dipped to 56.5 in November, down from 57.5 in October. While still above the critical 50-point threshold that signifies expansion, the reading was the lowest since September and below the preliminary flash estimate of 57.3.The PMI has consistently remained above its long-term average for nearly three years, reflecting overall resilience in India’s manufacturing landscape. However, November’s data underscores a deceleration in factory orders and production.<h3>Price Pressures Erode Domestic Demand</h3>Input costs surged at the fastest rate since July, driven by rising prices for key materials such as chemicals, cotton, leather, and rubber. Consequently, manufacturers raised output prices at the sharpest rate since October 2013, transferring increased costs of freight, labour, and raw materials to consumers.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h3>Export Orders Offer a Silver Lining</h3>Despite domestic headwinds, export demand surged in November, with new export orders reaching a four-month high. Indian manufacturers saw increased orders from key markets, including the US, Japan, China, and Italy.<h3>Government’s Vision: A $10 Trillion Economy</h3>India’s ambition to become a $10 trillion economy within the next decade hinges heavily on a robust manufacturing sector. The government has ramped up capital expenditure to enhance infrastructure, create jobs, and invigorate industrial activity. Focus areas include semiconductors, renewable energy, and electric vehicles, crucial to the nation’s long-term economic growth.<h3>Improved Demand Outlook for 2025</h3>The Reserve Bank of India’s (RBI) maintained GDP growth projection of 7.2% for FY25 reflects confidence in the strength of rural and urban demand. Factors such as a favourable monsoon and a post-festival consumption boost are expected to sustain momentum.Survey findings revealed manufacturers replenishing input stocks at a pace above historical averages, indicating cautious optimism. Additionally, finished goods inventories, which had been in decline since 2017, stabilized in November.<h3>Navigating Challenges in 2024 and Beyond</h3>While India's manufacturing sector continues to expand, the pace of growth is tempered by intensifying price pressures and domestic competition. Business leaders remain optimistic about the future, banking on capacity expansion, marketing initiatives, and new product launches to drive demand in 2025.&nbsp;Also Read:<a href="https://www.sovrenn.com/knowledge/india-s-cooperative-sector-to-generate-over-11-crore-jobs-by-2030"> India’s Cooperative Sector to Generate Over 11 Crore Jobs by 2030&nbsp;</a>

India's manufacturing sector saw a slowdown in November, with growth hitting its weakest level in 11 months due to price pressures and weaker domestic demand, while export demand remained strong, according to HSBC's PMI data.

India’s Manufacturing Growth Slows to 11-Month Low in November Amid Price Pressures

<h2>India's cooperatives may add over 11 crore jobs by 2030</h2>India's cooperative sector is set to play a transformative role in the nation’s employment landscape, with the potential to create 5.5 crore direct jobs and 5.6 crore self-employment opportunities by 2030, according to a report by management consultancy firm Primus Partners.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h3>Steady Employment Growth</h3>The&nbsp;Indian Cooperative Movement&nbsp;report highlights the sector’s impressive progress, with jobs increasing from 1.2 million in 2007-08 to 5.8 million in 2016-17—a staggering 18.9% annual growth rate. This trend underscores the sector’s ability to provide stable employment while driving inclusive economic development.<h3>Catalyst for Self-Employment</h3>Cooperatives have also emerged as a major driver of self-employment. Opportunities doubled from 15.47 million in 2006-07 to 30 million by 2018. With an annual growth rate of 5-6%, the sector is projected to generate 56 million self-employment opportunities by 2030, creating new pathways for income generation in rural and semi-urban areas.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h3>Boost to GDP</h3>By 2030, the cooperative sector is expected to directly contribute 3-5% to India’s GDP. Including the impact of self-employment, this contribution could exceed 10%, reinforcing the sector’s critical role in agriculture, rural industries, and small enterprises.<h3>Policy Support and Modernization</h3>The creation of the Ministry of Cooperation in 2021 marked a turning point for the sector. Focused on modernizing governance, streamlining policies, and promoting cooperative enterprises, the ministry is addressing key challenges like funding and sustainability. India’s 8.5 lakh cooperative societies, with 29 crore members, require robust policy frameworks to ensure autonomy, self-reliance, and democratic management.Looking AheadThe cooperative sector is well-positioned to be a cornerstone of India’s economic growth. With the right interventions, it could create over 11 crore employment opportunities and contribute significantly to GDP, fostering a more inclusive and sustainable economy.&nbsp;Also Read: <a href="https://www.sovrenn.com/knowledge/india-s-economic-outlook-a-cautious-optimism-amid-global-challenges">India’s Economic Outlook: A Cautious Optimism Amid Global Challenges</a>

India's cooperative sector is poised to create 5.5 crore direct jobs and 5.6 crore self-employment opportunities by 2030, transforming the nation's employment landscape, according to a report by Primus Partners.

India’s Cooperative Sector to Generate Over 11 Crore Jobs by 2030

IntroductionThe US economy grew at an annualized&nbsp;2.8%&nbsp;in Q3 2024, driven by robust&nbsp;consumer spending&nbsp;and steady&nbsp;business investments, according to the Bureau of Economic Analysis. Consumer spending, which increased&nbsp;3.5%, led the growth, although slightly revised down due to softer merchandise purchases. Business investments, especially in equipment, surged, with a&nbsp;39%&nbsp;rise in spending on computers and peripherals—the largest since 2020.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;However, nonresidential fixed investment slowed to&nbsp;3.8%, reflecting caution amid economic uncertainties. Meanwhile, trade dynamics and inventory adjustments restrained growth, subtracting&nbsp;0.57&nbsp;and&nbsp;0.11 percentage points, respectively.Inflation and Federal Reserve PolicyThe Fed’s preferred inflation metric, the&nbsp;personal consumption expenditures (PCE) price index, rose&nbsp;1.5%, while core PCE excluding food and energy climbed&nbsp;2.1%. This moderation supports the Fed’s cautious stance on interest rate cuts, balancing growth with inflation control.Labor Market TrendsInitial jobless claims remained historically low, but continuing claims hit their highest level since 2021, signaling challenges for unemployed workers finding new jobs. Despite these mixed signals, the labor market remains a key pillar of economic resilience.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>nCorporate Profits and Business SentimentAfter-tax corporate profits were flat, with profit margins for non-financial corporations slightly improving to&nbsp;15.6%. Optimism around President-elect Donald Trump’s fiscal agenda, including tax cuts and trade tariffs, has buoyed stock markets. However, economists warn of potential inflationary risks from expansive fiscal policies.Government Spending BoostGovernment spending expanded&nbsp;5%, driven by a&nbsp;14%&nbsp;rise in defense outlays. This robust increase highlights fiscal priorities that supported GDP growth despite weaker trade contributions.OutlookWhile the economy remains resilient, challenges like inflation, global trade uncertainties, and labor market shifts pose risks. Policymakers must navigate these carefully to sustain growth in the quarters ahead.&nbsp;Also Read: <a href="https://www.sovrenn.com/knowledge/india-s-growth-outlook-diverging-paths-of-s-and-p-and-fin-min"><span style="background-color:rgb(255,255,255);color:rgb(32,56,94);font-family:-apple-system, &quot;system-ui&quot;, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Fira Sans&quot;, &quot;Droid Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif;">India’s Growth Outlook: Diverging Paths of S&amp;P and FinMin</a>

The US economy grew at an annualized 2.8% in Q3 2024, driven by robust consumer spending and steady business investments, according to the Bureau of Economic Analysis. Consumer spending, which increased 3.5%, led the growth, although slightly revised down due to softer merchandise purchases. Business investments, especially in equipment, surged, with a 39% rise in spending on computers and peripherals—the largest since 2020.

US Q3 GDP Growth: Resilience Amid Challenges

<h2>Tembo Global Industries Ltd</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/tembo-global-industries-limited">Tembo Global</a> has bagged an order worth INR 43.9 Cr from Domestic Organisation, for Water Irrigation, needs to be executed within 12 months.SUMMARY: 5y Operating Profit uptrend | PE 28.5x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/tembo-global-industries-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/tembo-global-industries-ltd">Large Order </a>| Fund raise | Institutional Entry | Promoter Buying | Capacity Expansion | <a href="https://www.sovrenn.com/discovery/order-book/tembo-global-industries-ltd">Order Book</a> of INR 1,200+ Cr and Order book of Textile is INR 180 Cr (Sep-24) (3x times of FY24 Revenue) | Capital Goods – Non Electrical equipment.FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company current capacity is pegged at 15,000 tons per annum. The ongoing green field expansion at Vasai will bolster company overall capacity by 6x times, reaching 105,000 MTPA by FY25.<ul><li>MCap of INR 772 Crore (share price = INR 695 / share) (as on 2nd Dec ‘24)</li><li>TTM PE 28.5x (as on 2nd Dec ‘24) Retail float = 23.4% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative Cash flow from operations for FY24<h3 style="margin-left:0px;">Question 1: Who are the promoters of Tembo Global Industries?</h3>Tembo is a prominent engineering company, manufacturing high-quality specialised metal products for a wide array of applications, including Pipe Support Systems, Fasteners, Anchors, and HVAC, catering to industries like Automotive, Real Estate, Infrastructure and Oil &amp; Gas. Additionally, the Company process and supplies fibres and yarn (Textiles Division) and is poised to enter the Defence sector by FY26.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>H. G. Infra Engineering Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/revenue-guidance/h.-g.-infra-engineering-ltd">H.G. Infra</a> has been declared as a qualified bidder by the Gujarat Urja Vikas Nigam Ltd for 250 MW/500 MWH out of the project for setting up of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support, needs to be executed within 18 months.SUMMARY: 6y Operating Profit uptrend | PE 17.5x (Sector PE range 10-50) | Institutional entry | <a href="https://www.sovrenn.com/discovery/infrastructure/h.-g.-infra-engineering-ltd">Infrastructure</a>FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has a total Order book of INR 15,642 Cr as of June 2024 | As per Q1FY25 Concall, Company committed for an order inflow of INR 11,000 Cr to INR 12,000 Cr in FY25, with a revenue growth of 17% to 18% and a margin of 15% to 16%.<ul><li>MCap of INR 9,147 Crore (share price = INR 1,404 / share) (as on 2nd Dec ‘24)</li><li>TTM PE of 17.5x (as on 2nd Dec ‘24) Retail float = 10.5%% (Sep-24)</li></ul>FOOD FOR THOUGHT: Client concentration risk: Road projects from NHAI and ARTL contribute to 87% of orderbook as of Dec-23.<h3>Question 1: Who are the promoters of H. G. Infra Engineering?</h3>With a resilient two-decade journey,&nbsp;HGIEL&nbsp;has emerged as one of India's fastest-growing construction companies. Its dedication to quality and timely execution has been pivotal in establishing it as a trusted leader in the infrastructure industry. It is engaged in the business of EPC and Maintenance of roads, bridges, flyovers, etc.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>KPI Green Energy Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/kpi-green-energy">KPI Green Energy</a> has received a Letter of Award (LOA) worth INR 1300.1 Cr from Coal India Limited (CIL) for the development of a 300 MWAC grid-connected ground-mounted solar PV plant at GIPCL’s Solar Park in Khavda, Gujarat. The project also includes operation and maintenance (O&amp;M) services for a period of 5 years. This order marks a significant milestone for the company, being the first major order from a central government entity. It aligns closely with the company’s strategic vision and ambitious goal of achieving 10 GW of capacity by 2030.SUMMARY: 6y Operating Profit uptrend | 2q Operating Profit uptrend | PE 44.2x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/kpi-green-energy">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/kpi-green-energy">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/kpi-green-energy">Large Order</a> | Geographical Expansion | Institutional entry | <a href="https://www.sovrenn.com/discovery/promoter-buying/kpi-green-energy">Promoter buying</a> | Solar | <a href="https://www.sovrenn.com/knowledge/find-the-best-clean-energy-stocks-to-invest">Clean Energy</a>FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company has 2.41+ GW of Orders in hand as on Sep 30, 2024 and 1.1+ GW of hybrid Orders in hand as on Sep 30, 2024, also a Zero Net-Debt IPP Company | KP Group has an Ambitious target of 10+ GW by 2030.<ul><li>MCap of INR 10,230 Crore (share price = INR 779 / share) (as on 2nd Dec ‘24)</li><li>TTM PE 44.2x (as on 2nd Dec ‘24) Retail float = 22.6% (Sep-24)</li></ul>FOOF FOR THOUGHT: Negative operating cash flow for FY24.<h3>Question 1: Who are the promoters of KPI Green Energy?</h3>Incorporated in 2002, KPI Green develops, builds, owns, operates, and maintains solar power plants through Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism'.Also Read: <a href="https://www.sovrenn.com/knowledge/advait-infratech-order-ceinsys-tech-large-order-and-datamatics-global-services-certifications">Advait Infratech Order, Ceinsys Tech Large Order And Datamatics Global Services Certifications</a>

Tembo Global Industries, H.G. Infra Engineering, and KPI Green Energy secure major orders, signaling strong business growth. Stay updated on the latest developments from these leading companies.

Tembo Global Industries, H. G. Infra Engineering And KPI Green Energy Order

Contrasting Views on India’s EconomyS&amp;P Global Ratings has lowered India’s GDP growth projections, citing high interest rates, reduced fiscal stimulus, and global headwinds. The agency now forecasts growth at&nbsp;6.8% for FY25, easing further to&nbsp;6.7% in FY26, down from earlier estimates. It highlights challenges such as subdued export demand, weaker construction activity, and geopolitical uncertainties, particularly following the US elections.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;In contrast, the Ministry of Finance remains optimistic, projecting stable growth between&nbsp;6.5% and 7%&nbsp;for FY25. It points to strong agricultural output, rising domestic demand, and resilient high-frequency indicators like the&nbsp;Purchasing Managers’ Index (PMI)&nbsp;and e-way bill generation as signs of economic stability.Decoding the DownturnS&amp;P’s report attributes the slowdown to:• High borrowing costs, curbing urban demand.• Softening fiscal stimulus&nbsp;in the post-election period.• Global trade challenges, particularly weaker export recovery amid slowing demand in developed markets.Ministry’s Cautious OptimismThe Finance Ministry highlights factors driving growth, including:• Robust agriculture, supported by favorable monsoon and increased minimum support prices.• Stable inflation trends, with early signs of easing food prices in November.Inflation and Monetary PolicyIndia’s retail inflation hit&nbsp;6.21% in October, breaching the Reserve Bank of India’s target range for the first time in over a year. Food inflation, a key contributor, surged to&nbsp;10.87%, its highest in 15 months. While this may delay rate cuts, S&amp;P anticipates just one policy rate reduction in FY25 as inflationary pressures persist.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>nBalancing Global and Domestic DynamicsIndia’s export growth remains a concern, but the services sector continues to show strength. The Ministry’s confidence stems from improving domestic demand and policy measures to stabilize inflation. However, S&amp;P warns that external risks, including changing US trade policies, could weigh on growth.A Tale of DivergenceThe differing estimates reflect the balancing act between global headwinds and domestic resilience. With GDP data for Q2FY25 expected soon, the numbers will provide further clarity on India’s growth trajectory. While S&amp;P’s caution underscores external challenges, the Ministry’s optimism highlights the enduring strength of India’s domestic economy.Also Read: <a href="https://www.sovrenn.com/knowledge/centre-s-capex-target-building-momentum-amid-challenges">Centre’s Capex Target: Building Momentum Amid Challenges&nbsp;</a>

S&P Global Ratings has lowered India’s GDP growth projections, citing high interest rates, reduced fiscal stimulus, and global headwinds. The agency now forecasts growth at 6.8% for FY25, easing further to 6.7% in FY26, down from earlier estimates. It highlights challenges such as subdued export demand, weaker construction activity, and geopolitical uncertainties, particularly following the US elections.

India’s Growth Outlook: Diverging Paths of S&P and FinMin

<h2>Favorable Monsoon Conditions Boost Agricultural Prospects</h2>India’s economic outlook for the coming months remains cautiously optimistic, bolstered by promising developments in the agriculture sector. According to the&nbsp;Monthly Economic Review (October 2024)&nbsp;by the Ministry of Finance’s Department of Economic Affairs, favorable monsoon conditions, increased Minimum Support Prices (MSP), and adequate input supplies are expected to drive agricultural productivity. These factors provide a much-needed cushion for rural incomes, supporting domestic demand and keeping inflationary pressures in check.The agricultural sector remains a key driver of economic stability. However, despite positive forecasts, the ministry cautioned that fragile geopolitical conditions and supply chain disruptions could pose risks to inflation control.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h3>Inflation: A Persistent Challenge</h3>India’s&nbsp;Consumer Price Index (CPI) inflation&nbsp;rose to&nbsp;6.2% in October 2024, fueled by escalating prices of vegetables, oils, and fats. Notably, tomato, onion, and potato prices surged due to heavy rainfall in major producing states, disrupting supplies. This price spike was further aggravated by lower output compared to last year and diminished stock levels.<h3>Export Growth Faces Global Headwinds</h3>India’s export performance, a critical growth pillar, is encountering significant challenges. The Ministry of Finance notes that&nbsp;softening demand in developed markets&nbsp;is likely to hinder the recovery of merchandise exports. Global factors such as fluctuating interest rates, geopolitical developments, and policy shifts in key trading partners like the United States are expected to influence India’s trade dynamics.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h3>Services Trade: A Bright Spot</h3>Amid export challenges, India’s&nbsp;services trade&nbsp;has emerged as a resilient growth engine. The sector continues to sustain momentum, driven by strong demand for IT services, professional solutions, and outsourcing capabilities. This trend reflects India’s growing prominence in the global services economy, helping to offset some weaknesses in merchandise trade.<h3>Geopolitical Risks and Policy Implications</h3>India’s economic trajectory remains intertwined with global developments. The review emphasizes the importance of&nbsp;geopolitical stability, interest rate movements, and international policy decisions in shaping trade and capital flows. The interplay of these factors will determine the sustainability of India’s growth story in an increasingly uncertain global economic environment.Conclusion: A Delicate Balancing ActIndia’s economic outlook is a mix of cautious optimism and underlying risks. While the agricultural sector offers hope for growth and inflation management, challenges in exports and rising inflation remain significant hurdles. Policymakers must strike a balance between fostering domestic demand and navigating global uncertainties to ensure steady economic progress.With sustained focus on improving supply chain resilience, managing inflationary pressures, and enhancing export competitiveness, India is well-positioned to weather current challenges and maintain its growth momentum.&nbsp;Also Read : <a href="https://www.sovrenn.com/knowledge/u-k-economy-faces-surprise-contraction-in-september">U.K. Economy Faces Surprise Contraction in September</a>

India's economic outlook for the coming months is cautiously optimistic, supported by favorable monsoon conditions, higher MSP, and strong agricultural productivity, which are expected to boost rural incomes, domestic demand, and control inflation, as per the October 2024 Economic Review.

India’s Economic Outlook: A Cautious Optimism Amid Global Challenges

<h2>UK economy surprises with September contraction</h2>The U.K. economy experienced an unexpected contraction in September and marginal growth in the third quarter of 2024, according to data from the Office for National Statistics (ONS). These figures reveal slowing momentum following a strong start to the year.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h3>GDP and Sectoral Performance</h3>Gross Domestic Product (GDP) declined by 0.1% in September, against economists’ predictions of 0.2% growth. This followed modest growth of 0.2% in August. For the third quarter, GDP expanded by just 0.1%, below the forecasted 0.2% and significantly lower than the 0.5% growth in Q2.Key sector performance in September:<ul><li>Services: Grew by 0.1% in Q3, reflecting subdued activity.</li><li>Construction: Increased by 0.8%, demonstrating resilience</li><li>Production: Declined by 0.2%, offsetting gains in other areas.</li></ul>Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h3>Inflation and Interest Rates</h3>Inflation fell to 1.7% in September, marking its first drop below the Bank of England’s 2% target since April 2021. This allowed the central bank to reduce its key interest rate by 25 basis points to 4.75% in November. However, inflation risks and global uncertainties are expected to limit further rate cuts in the near term.<h3>Fiscal Policy and Growth Projections</h3>The Labour Government's tax-focused budget is projected to boost GDP by 0.75 percentage points over the next year, as estimated by the Bank of England. Finance Minister Rachel Reeves emphasized the importance of fiscal discipline alongside investments to stabilize public finances and drive growth.<h3>Global Risks and Trade Factors</h3>Geopolitical uncertainties, including potential tariff policies under U.S. President-elect Donald Trump, add further complexity. The Bank of England acknowledged risks related to global fragmentation without committing to specific forecasts.<h3>Currency and Market Reactions</h3>The British pound remained steady against the U.S. dollar following the GDP announcement, while the euro rose 0.4% against the pound, signaling a cautious market outlook.OutlookThe U.K.’s economic growth slowed significantly in Q3, with challenges across sectors and subdued confidence levels. While fiscal measures and easing inflation may provide relief, external risks and structural imbalances remain central to the recovery trajectory.Also Read: <a href="https://www.sovrenn.com/knowledge/fed-chair-powell-stresses-caution-on-rate-cuts-amid-economic-strength">Fed Chair Powell Stresses Caution on Rate Cuts Amid Economic Strength&nbsp;</a>

The U.K. economy experienced an unexpected contraction in September and marginal growth in the third quarter of 2024, according to data from the Office for National Statistics (ONS). These figures reveal slowing momentum following a strong start to the year.

U.K. Economy Faces Surprise Contraction in September

IntroductionThe government’s capital expenditure (capex) plans for FY2025 aim to sustain economic growth through infrastructure development and innovation. With an allocation of ₹11.11 trillion, this year’s target reflects continuity in the Centre’s strategy, though utilization is projected at 95% of the target, similar to FY2024, according to Ajay Seth, Secretary, Department of Economic Affairs.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;Capex Utilization TrendsIn FY2024, ₹9.49 trillion of the revised ₹9.50 trillion target was spent, achieving 95% of the allocation. For FY2025, the government expects to utilize ₹10.55 trillion, maintaining the same efficiency. However, early spending has slowed, with Q1 FY2025 capex contracting by 35% year-on-year to ₹1.8 trillion, largely due to the general elections. State capex also declined by 21% during this period.Resilient Economic IndicatorsDespite a sluggish start to capex, key economic indicators remain strong. Private Final Consumption Expenditure (PFCE) and Gross Fixed Capital Formation (GFCF) grew by 7.4% and 7.5% in Q1 FY2025. These figures underscore robust consumer spending and investment activity, critical for sustaining growth momentum.Focus on InnovationThe ₹1 trillion&nbsp;Anusandhan National Research Fund, expected to be operational by February, is a significant initiative to boost private-sector R&amp;D. This fund aims to bridge the gap between research and industry, promoting innovation and reducing dependence on foreign technology. Defence Secretary Rajesh Kumar Singh emphasized the need for indigenous manufacturing to strengthen India’s industrial capabilities.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>nGrowth OutlookThe government remains confident in achieving the Economic Survey’s 6.5%-7% GDP growth projection for FY2025, supported by the Reserve Bank of India’s estimate of 7.2%. Ajay Seth noted no downside risks, signaling optimism for economic stability.ConclusionThe Centre’s capex strategy reflects a balance of ambition and realism. While election-linked delays pose challenges, initiatives like the Anusandhan Fund and steady infrastructure investments promise long-term benefits. Delivering on these plans will be key to sustaining India’s economic growth trajectory.&nbsp;Also Read:<a href="https://www.sovrenn.com/knowledge/india-s-q3-merchandise-exports-expected-to-reach-107-5-billion-amid-modest-recovery">India’s Q3 Merchandise Exports Expected to Reach $107.5 Billion Amid Modest Recovery</a>

The government’s capital expenditure (capex) plans for FY2025 aim to sustain economic growth through infrastructure development and innovation. With an allocation of ₹11.11 trillion, this year’s target reflects continuity in the Centre’s strategy, though utilization is projected at 95% of the target, similar to FY2024, according to Ajay Seth, Secretary, Department of Economic Affairs.

Centre’s Capex Target: Building Momentum Amid Challenges

Former Reserve Bank of India Governor Raghuram Rajan has raised concerns about the mounting public debt in the United States, warning of the risks posed by fiscal complacency. Speaking at the Bancor Prize award ceremony in Rome, Rajan highlighted how high debt levels undermine a country’s ability to respond to crises and weaken global cooperation.Finding multibagger stocks is important for building wealth. Discover potential multi-baggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery.</a>&nbsp;<h2>A Global Debt Crisis Looms</h2>The IMF projects global public debt to reach $100 trillion by 2024, or 93% of global GDP, driven largely by the US and China. While falling inflation and interest rates offer a temporary reprieve, Rajan emphasized that governments must act now to reduce fiscal vulnerabilities.“We’ve had the global financial crisis and the pandemic,” Rajan stated, warning of more frequent emergencies in the future. “We can’t be satisfied with building up debt.”Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://www.sovrenn.com/education">Sovrenn Educatio</a>n<h2>US Debt Trajectory: A Warning Sign</h2>The United States’ debt continues to rise, with the IMF forecasting steady growth in the coming years. Rajan urged US policymakers to take the issue seriously, describing current debt levels as a “vulnerability.” With Donald Trump set to return to the White House, the next administration will need to manage this growing burden effectively.<h2>Building Fiscal Resilience</h2>To address these challenges, Rajan proposed reforms to multilateral institutions, greater emphasis on global trade in services and climate action, and stronger international collaboration. He stressed that fiscal sustainability is critical not only for individual nations but for global stability.<h3>A Call to Action</h3>Rajan’s warning is a timely reminder that unchecked debt accumulation has far-reaching consequences. For the US and its peers, reducing debt is essential to building resilience against future crises. Acting now will ensure governments are better prepared for an increasingly uncertain world.&nbsp;Also Read:<a href="https://www.sovrenn.com/knowledge/inflation-squeezes-indian-households-as-cpi-hits-5-81-in-october"> Inflation Squeezes Indian Households as CPI Hits 5.81% in October</a>

Raghuram Rajan, former RBI Governor, warns about the risks of rising public debt in the U.S. at the Bancor Prize ceremony in Rome, emphasizing how high debt levels weaken crisis response and global cooperation.

Raghuram Rajan Warns: US Public Debt a Growing Vulnerability

<h2>Sigachi Industries Ltd.</h2>Recent filing: (FILING) <a href="https://www.sovrenn.com/discovery/revenue-guidance/sigachi-industries-ltd">Sigachi Industries</a> announced that Trimax Biosciences Pvt Ltd, part of the Sigachi Group, has received communication from the EDQM on its CEP filing for Propafenone Hydrochloride. This certification will enable exports to Europe and other CEP-accepting regions. Propafenone Hydrochloride, used to treat cardiac arrhythmias, has a global market size of \$1.2 billion, projected to grow to \$2.1 billion by 2032 at a CAGR of 7%, driven by rising cardiovascular cases and increased adoption of generics. The company emphasizes high-quality standards and compliance for regulated markets.SUMMARY: 4y Operating Profit uptrend | PE 28.3x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/sigachi-industries-ltd">Excellent Sep-24 results</a> | Specialty ChemicalsFUTURE OUTLOOK: As per Q4FY24 Concall, Company aspiring to reach INR 600 Cr in revenue by FY25 | Company aim is to maintain a growth rate higher than 33% CAGR, focusing on expansion and market share | Company expecting gradual rise in utilization of the new capacity, aiming for 50% by Q4 of FY25 and 80% by FY26.<ul><li>MCap of INR 1,837 Crore (share price = INR 55.1 / share) (as on 29th Nov ‘24)</li><li>TTM PE 28.3x (as on 29th Nov ‘24) Retail float = 28.0% (Sep-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Question 1: Who are the promoters of Sigachi Industries?</h3>Incorporated in 1989, Sigachi Industries is into manufacturing of microcrystalline cellulose (MCC). MCC is produced from refined wood pulp which is imported by the company. It is widely used in pharmaceutical, food, beverage, cosmetic and paint industry. Also, its most common uses are in vitamin supplements and tablets. It also acts as a bulking agent in food production.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Bikaji Foods International Ltd</h2>Recent filing: (GOOD RESULTS) For the quarter ending Sep-24 for Bikaji Foods International, Sales up 18% YoY from INR 609 Cr in Sep-23 to INR 721 Cr in Sep-24. Similarly, Net Profit up 15% from INR 60 Cr to INR 69 Cr. On a QoQ basis, Sales up 26% and Net Profit up 19%.SUMMARY: 5y Operating Profit uptrend | PE 67.1x (Sector PE range 30-70) | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/bikaji-foods-international-ltd">Acquisitions</a> | <a href="https://www.sovrenn.com/discovery/consumption">Consumption</a>FUTURE OUTLOOK: Company is focusing on expanding its distribution network, aiming to increase its direct reach from 278,000 outlets to 350,000 outlets by the end of FY26.<ul><li>MCap of INR 19,977 Crore (share price = INR 798 / share) (as on 29th Nov ‘24)</li><li>TTM PE 67.1x (as on 29th Nov ‘24) Retail float = 3.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Question 1: Who are the promoters of Bikaji Foods International?</h3>Bikaji Foods International Limited, one of India's leading FMCG brands, offers a diverse product range across six categories: bhujia, namkeen, sweets, papad, western snacks, and other items like gift packs, frozen food, mathri, and cookies.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Computer Age Management Services Ltd</h2>Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Computer Age Management Services, Sales up 33% YoY from INR 275 Cr in Sep-23 to INR 365 Cr in Sep-24. Similarly, Net Profit up 44% from INR 84 Cr to INR 121 Cr. On a QoQ basis, Sales up 10% and Net&nbsp;Profit&nbsp;up&nbsp;13%.SUMMARY: 6y Operating Profit uptrend | 7q Operating Profit uptrend | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/computer-age-management-services-ltd">Excellent Sep-24 results</a> | PE 60.8x (Sector PE range 20-50) | Institutional Entry | Financial Services<ul><li>MCap of INR 24,267 Crore (share price = INR 4,924 / share) (as on 29th Nov ‘24)</li><li>TTM PE 60.8x (as on 29th Nov ‘24) Retail float = 17.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Question 1: Who are the promoters of Computer Age Management Services?</h3>Company is a technology-driven provider of financial infrastructure and services to mutual funds (MFs) and other financial institutions. It is India's largest registrar and transfer agent (RTA) for MFs, holding a market share of approximately 68%. Company serves 10 of the 15 largest MFs, with over 21 years of average relationship with its top clients. Its services include dividend processing, transaction origination, payment execution, intermediary empanelment, report generation, investor interface, settlement, compliance, and brokerage computation.Also Read: <a href="https://www.sovrenn.com/knowledge/fredun-pharmaceuticals-capacity-epansion-divine-power-energy-fund-raise-and-waaree-renewables-technologies-order">Fredun Pharmaceuticals Capacity Epansion, Divine Power Energy Fund Raise And Waaree Renewables Technologies Order</a>

Sigachi Industries filing, Bikaji Foods International reports strong results, and Computer Age Management Services delivers good to excellent performance. Explore the latest financial updates from these key players.

Sigachi Industries Filing, Bikaji Foods International Good Results And Computer Age Management Services Good to Excellent Results

<h2>Fredun Pharmaceuticals Ltd.</h2>Recent filing: (CAPACITY EXPANSION) <a href="https://www.sovrenn.com/discovery/revenue-guidance/fredun-pharmaceuticals-ltd">Fredun Pharmaceuticals</a> is setting up a functional foods plant in Palghar, Maharashtra, to address pet health and nutrition, focusing on preventing chronic diseases. Set to launch by Q3 FY26, the facility will produce high-quality products for its brands and white-label clients, strengthening its position in the growing pet care market.SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit Uptrend | PE 19.5x (Sector PE range 20-40) | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Institutional Entry | Pharmaceuticals<ul><li>MCap of INR 345 Crore (share price = INR 734 / share) (as on 28th Nov ’24)</li><li>TTM PE 19.5x (as on 28th Nov ’24) Retail float = 33.6% (Sep-24)</li></ul>FOOD FOR THOUGHT: In the initial half of fiscal 2024, approximately 65-70% of total revenues were generated from the top 5 customers, posing a moderate risk due to customer concentration.<h3>Question 1: Who are the promoters of Fredun Pharmaceuticals?</h3>Fredun Pharmaceuticals Limited, healthcare and pharmaceuticals company offer a range of products, including antihypertensives, antidiabetic, antiretroviral drugs (ARVs) and narcotics. It is also engaged in the manufacturing of dietary/herbal supplements, nutraceuticals, cosmeceuticals, and other healthcare products along with animal healthcare products. With such a diverse range of products, the Company’s objective is to be a holistic healthcare provider. The Company primarily exports its products to Africa, Southeast Asia, Commonwealth of Independent States (CIS) countries and Latin America.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at&nbsp;<a href="https://sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Divine Power Energy Ltd.</h2>Recent filing: (FUND RAISE) Board meeting of <a href="https://www.sovrenn.com/ipo-zone/divine-power-energy-ipo">Divine Power Energy</a> to be held on 29th Nov 2024 to consider fund raise.SUMMARY: 3y Operating Profit uptrend | 2h Operating Profit uptrend | PE 34.1x (Sector PE range: 30-60) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/divine-power-energy-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions">Acquisitions </a>| Institutional Entry | Wires &amp; Cables<ul><li>MCap of INR 273 Crore (share price = INR 127/ share) (as on 28th Nov ‘24)</li><li>TTM PE 34.1x (as on 28th Nov ‘24) Retail float = 16.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative operating cashflow for FY24.<h3>Question 1: Who are the promoters of Divine Power Energy?</h3>Divine Power Energy Limited is a leading manufacturer of insulated and bare copper and aluminum wires and strips in India.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts">Sovrenn Discovery</a>&nbsp;<h2>Waaree Renewables Technologies Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/waaree-renewables-technologies-limited">Waaree Renewables Tech</a> has received a contract worth INR 1,233 Cr for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount Solar PV project of 2012 MWp DC capacity.SUMMARY: 5y Operating Profit uptrend | PE 78.3x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/waaree-renewables-technologies-ltd">Excellent Sep-24 results</a> | Orderbook of 1.7 GW (as of Sep-24) to be executed in 09-12 months | <a href="https://www.sovrenn.com/discovery/green-energy/waaree-renewables-technologies-ltd">Clean Energy</a>FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company commissioned 1.82 GW in solar projects, with plans to scale to 13.3 GW in module capacity and 5.4 GW Cell Capacity by FY25, also ventured into Floating Solar + Energy Storage. As per Q2FY25 Concall, Company has an unexecuted order book of 1.7 GW, valued at ₹2,500-₹2,700 crores, with a robust pipeline of 17.8 GW, supported by government initiatives and energy transition. Management expects to execute 1.2-1.3 GW of the current order book in H2 FY25.<ul><li>MCap of INR 15,579 Crore (share price = INR 1,494 / share) (as on 28th Nov ‘24)</li><li>TTM PE 78.3x (as on 28th Nov ‘24) Retail float = 16.9% (Sep-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Question 1: Who are the promoters of Waaree Renewables Technologies?</h3>Waaree Renewables Technologies is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India's largest Solar PV Module manufacturing capacity of 12 GW at its plant in Gujarat. The company is amongst the top players in India in solar panel manufacturing, EPC services, project development, rooftop solutions, solar water pumps and is also an independent power producer.Also Read: <a href="https://www.sovrenn.com/knowledge/talbros-automotive-components-order-cigniti-technologies-open-offers-acquisition-and-zaggle-prepaid-ocean-services-partnership">Talbros Automotive Components Order, Cigniti Technologies Open Offers Acquisition And Zaggle Prepaid Ocean Services Partnership</a>

Fredun Pharmaceuticals announces capacity expansion, Divine Power Energy secures a significant fund raise, and Waaree Renewables Technologies bags a major order. Stay updated on these impactful industry developments.

Date/Category	Title
Dec 11th 24	Aurionpro Solutions And H. G. Infra Engineering Order, Tejas Networks New Contract
Dec 10th 24	Datamatics Global Services Acquisition, Zaggle Prepaid Ocean Partnership And Balu Forge Industries Capacity Expansion
Dec 9th 24	Josts Engineering Excellent Results, Roto Pumps And Teerth Gopicon Order
Dec 6th 24	Tembo Global Industries, Advait Infratech And Kernex Microsystems Order
Dec 5th 24	Bondada Engineering Fund Raise & Order, Transformers & Rectifiers Acquisition And Tejas Networks New Project
Dec 4th 24	Home First Finance, Zen Technologies And TBO Tek Bulk Deal
Dec 4th 24	India’s Services Sector: Growth Holds Firm Amid Cost Pressures
Dec 3rd 24	Advait Infratech Order, Ceinsys Tech Large Order And Datamatics Global Services Certifications
Dec 3rd 24	GST Hike on Tobacco, Aerated Beverages: New 35% Slab Proposed
Dec 3rd 24	India’s Manufacturing Growth Slows to 11-Month Low in November Amid Price Pressures
Dec 3rd 24	India’s Cooperative Sector to Generate Over 11 Crore Jobs by 2030
Dec 3rd 24	US Q3 GDP Growth: Resilience Amid Challenges
Dec 2nd 24	Tembo Global Industries, H. G. Infra Engineering And KPI Green Energy Order
Dec 2nd 24	India’s Growth Outlook: Diverging Paths of S&P and FinMin
Dec 2nd 24	India’s Economic Outlook: A Cautious Optimism Amid Global Challenges
Dec 2nd 24	U.K. Economy Faces Surprise Contraction in September
Dec 2nd 24	Centre’s Capex Target: Building Momentum Amid Challenges
Dec 2nd 24	Raghuram Rajan Warns: US Public Debt a Growing Vulnerability
Nov 29th 24	Sigachi Industries Filing, Bikaji Foods International Good Results And Computer Age Management Services Good to Excellent Results
Nov 28th 24	Fredun Pharmaceuticals Capacity Epansion, Divine Power Energy Fund Raise And Waaree Renewables Technologies Order

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