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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

October 02, 2024

  • #BREAKING (https://twitter.com/hashtag/BREAKING) #Iran (https://twitter.com/hashtag/Iran) - #Israel (https://twitter.com/hashtag/Israel) Conflict Updates
  • #Iran (https://twitter.com/hashtag/Iran) launched at least 180 missiles at #Israel (https://twitter.com/hashtag/Israel) on Tuesday evening
  • Israeli authorities said there were no injuries
  • An Israeli security official said most of the missiles were intercepted, though some managed to land
  • Iran said the missiles were in response to the killing of #Hezbollah (https://twitter.com/hashtag/Hezbollah) leader Hassan Nasrallah and Revolutionary Guard Gen. Abbas Nilforushan, both killed in an Israeli #airstrike (https://twitter.com/hashtag/airstrike) last week in #Beirut (https://twitter.com/hashtag/Beirut)
  • -From AFP
  • A MUST READ Concall SG Mart :
  • Guidance: 50+ % CAGR
  • - FY25 REV: ₹7,000-8,000 Cr (1.2 Mn tons of steel)
  • - FY26 REV: ₹12,000 Cr (2-2.5 Mn tons)
  • - FY27 REV: ₹18,000 Cr (3.5-4 Mn tons)
  • - FY30 REV: ₹50,000 Cr (7-8 Mn tons)
  • EBITDA Margins: 2-2.5%
  • ROC : 35 %
  • Aims To capture India’s steel trading sector, which is only 1% digitalized & 80% fragmented
  • 25x Revenue Guidance
  • https://youtu.be/6-l0eU0av7k
  • 3 Business Models
  • 1. B2B Trading
  • Procures long & flat steel products directly from producers (e.g., JSW, Tata Steel) and distributes them in the market
  • - EBITDA Margins: 1.5-2%
  • - Working Capital: Up to 10 days
  • - Inventory Turnover: 20-25 times
  • - ROC: 30-40%
  • 2. B2B Processed Steel Trading via Service Centers
  • Builds a network of service centers where upstream steel is processed and then sold to user industries such as auto, construction, and consumer durables.
  • - EBITDA Margins: 4-5%
  • - Working Capital: 15-25 days
  • Current Operations:
  • - Operates 2 service centers in Ghaziabad and Bangalore, processing 10,000-15,000 tons of steel.
  • - Expansion plan to establish 101 service centers by FY30 (99 in India, 2 overseas).
  • - 12 service centers are expected to be operational this year, focusing on tier 2 and tier 3 cities.
  • - 3 centers are already opened and 2 are fully operational.
  • - 3 more are scheduled to launch in the next 2 months.
  • - Aims to add 15-20 new centers every year.
  • - Capex per Service Center: ₹20-25 Cr
  • - Working Capital Requirement: ₹10-15 Cr
  • 3. B2C Trading
  • Products like rebars and light structures are sold as a branded segment.
  • - Target Market: Fragmented dealer network
  • - EBITDA Margins: 2.5%
  • - Working Capital: 20-25 days
  • - Capex: Limited, as service centers will act as warehouses.
  • - Total Cost to Set Up 100 Service Centers: ₹2,500 Cr
  • - Working Capital Days: 20
  • - Total Capital Requirement: ₹5,000 Cr
  • - EBITDA Margins: 2.5%
  • - Funded to Achieve Total Turnover: ₹50,000 Cr by FY30
  • SG Mart acts as an intermediary between the manufacturer and the wholesaler.
  • It has the power to buy in bulk and offer the same product at a much lower cost than what the trader would typically get from the manufacturer.
  • With low working capital requirements, it churns 15-20 times a year, operates with zero creditors & zero debtors, maintaining a 35% ROC.
  • Execution is what needs to be monitored
  • India's monsoon season ends with 7.6% more rainfall than normal, says IMD
  • SEBI RELEASES NEW RULES FOR EQUITY DERIVATIVE SEGMENT || SEBI INCREASES THE MINIMUM TRADING AMOUNT FOR DERIVATIVES FROM 500,000 RUPEES TO 1.5 MILLION RUPEES
  • SEBI REDUCES EXPIRIES OF DERIVATIVES CONTRACT TO ONE PER EXCHANGE PER WEEK || SEBI - NEW MEASURES FOR DERIVATIVES TRADING TO BE EFFECTIVE || SEBI ASKS EXCHANGES TO MONITOR INTRADAY POSITION LIMITS FOR EQUITY INDEX DERIVATIVES
  • SEBI - UPFRONT COLLECTION OF OPTIONS PREMIUM AND INCREASED MARGINS TO BE EFFECTIVE FEB 2025 || SEBI MANDATES ADDITIONAL MARGIN REQUIREMENT OF 2% FOR SHORT OPTIONS CONTRACTS ON DAY OF OPTIONS EXPIRY
  • Lot size has been increased in Nifty & Banknifty..
  • Nifty 15 >> 45/50/75
  • Bn - 25 >> 50 (Just My Views)
  • In short
  • small players jo 1000/2000 Capital se F&O krte h wo nahi kar payenge .. capital jyada hoga to hi hoga *F&O
  • NSE - BSE abse ek hi expiry kar sakhta h - Midcap,smallcap,nifty, banknifty,sensex sab hatt jayega .
  • Nifty - Banknifty me sirf ek hi expiry rahegi NSE
  • And Maybe Sensex me BSE ki taraf se ek expiry
  • Effective From 20Nov
  • Market regulator Sebi on October 1 announced reduction in expiries of derivatives contract to one exchanger per week
  • Sebi increased the minimum trading amount for derivatives from Rs 5 lakh to Rs 15 lakh
  • The new measures for derivative trading will be effective November 20, said Sebi in a circular
  • New F&O Regulations From November 2024
  • SEBI just dropped new F&O rules and we’ve broken it down in the simplest way possible!
  • From higher minimum trading amounts to weekly expiries, find out how these bold changes could impact your trades.
  • https://blog.liquide.life/sebi-new-fo-regulations-november-2024/
Panchkarma