Go irish. Good monday morning. The band is back together. Awfully nice to have david back. Im back. We have jim cramer, and david fabe, as they say in france. The single best week for stocks in over a year last week. Europe has lost a little ground this morning despite Investor Confidence numbers coming in at an 18month high. The s p starts the week at fiveyear highs. Even as the lines are drawn in the battle over spending cuts and the debt ceiling. And then there is earning season. Kicks off tomorrow with alcoa. Banks in the spotlight this morning, bank of america settling with fannie mae with mortgages it underwrote during the housing boom. Citi submitting to the feds. Revising up, gdp forecast to 81, saying investing in the mass market stocks is the way to go. Potential cuts at the Magic Kingdom reports disneys got internal costcutting review under way. The question of the day, can the new year rally continue. Last week the s p jumped 4. 6 to a new fiveyear high. Not only is wall st
Priya Paul mentions that the company is raising Rs 920 crore through an IPO, with Rs 600 crore being used to retire debt and the remaining Rs 320 crore being an OFS. This will make the company debt-free and provide the opportunity to invest in own properties and expand the QSR Flurys brand. The company plans to open 830 own properties and develop the asset light brand zone by the park across India.
Jyoti CNC Automation, the third largest CNC manufacturer, has a robust order book and the growth of manufacturing industries, supported by government initiatives like Atmanirbhar Bharat and PLI schemes, indicate sustainable profitability for the next five to seven years. Despite being richly priced, Jyoti CNC Automation expects significant growth in the coming year. The company s major growth sectors are aerospace and defence, as well as electronic manufacturing services.
The Delhi High Court has held that the assessee was a debt-free company and there was no need to impute notional interest on outstanding receivables.The bench of Justice Rajiv Shakdher and Justice.
With NavIC going mainstream in India in the next couple of years, this company is expected to grow by leaps and bounds along with government’s full support