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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Fed, FPIs & Budget Watch | Indian Equities The Fed Held, the Foreign Funds Flinched, and Delhi Is Listening: Where Indian Equities Go From Here The Fed held at 3.75%–4.00% on a 10–2 vote. FPIs have sold a record ₹3.07 lakh crore through 23 October. Delhi is reportedly weighing an LTCG cut. And on 27 October, the Nifty Smallcap 100 jumped 2.70% in a single session. Wednesday, 28 October 2026, gave Indian markets a rare thing: a day without a nasty surprise from Washington. The Federal Reserve kept its policy rate unchanged at 3.75%–4.00%. Nifty closed at 22,698.85, down just 0.22%, after Sensex had been down nearly 1,000 points at the intraday low. Then came the numbers that matter more. According to provisional NSE data, FII/FPIs were net buyers on the day. Across NSE, BSE and MSEI combined, they bought a net ₹871.83 crore, against DII net buying of ₹643.35 crore. It is one session, and it f...

 Today's Call

Introduction:
Ashoka Metcast Ltd is a part of a diversified business group having interests in several sectors, which include: Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. 

Its flagship Group Company - Gujarat Natural Resources Ltd is engaged in the business of Oil & Gas exploration and production. The company is listed in the BSE.

Buy the shares of Ashoka Metcast Ltd near Rs.20.40/Rs.20.50, for short term targets of Rs.32/37.

Financials:

Market Cap: Rs.50 Cr.

EPS: Rs.2.

TTM P/E: 10.10.

Industry P/E: 44.24.

Book value: Rs.41.83.

Ashoka Metcast Ltd's March, 2024 quarter's Financial Performance: 

Ashoka Metcast's net profit increased by 185.60% to Rs.3.57 crore in the quarter ending March 2024, compared to Rs.1.25 crore in the same quarter of the previous year. During the same period, sales went up by 104.62% to Rs 39.39 crore, from Rs.19.25 crore the previous year.

For the full year ending March 2024, the net profit grew by 48.76% to Rs.4.79 crore, up from Rs.3.22 crore the previous year. Annual sales also rose by 31.34% to Rs.66.25 crore, compared to Rs.50.44 crore in the previous year. 

From Simply Wall:

Ashoka Metcast had ₹127.9m of debt at March 2024, down from ₹157.5m a year prior. However, because it has a cash reserve of ₹15.1m, its net debt is less, at about ₹112.8m.

The latest balance sheet data shows that Ashoka Metcast had liabilities of ₹206.1m due within a year, and liabilities of ₹60.2m falling due after that. On the other hand, it had cash of ₹15.1m and ₹262.8m worth of receivables due within a year. So it actually has ₹11.6m more liquid assets than total liabilities.

This surplus suggests that Ashoka Metcast has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Photo: Markets Guruji.

Special Offer: If you have a portfolio size of Rs.1 (one) lakh and want to earn a steady income through a steady mix of delivery based (>= 80%) and options trading (<= 20%), then you can go for my profit sharing (70:30 below Rs.10 lakhs -- fixed) arrangement. If you remember, earlier the minimum portfolio size to join me was Rs.2 (two) lakhs.

Procedure:

πŸ’’You have to compulsorily open a demat account in my associated Brokerage House.

πŸ’’ Provide me, User Name and Password to trade (buy and sell) in your account.

πŸ’’The profit and loss will be adjusted every week and settled. If there's any loss, it will be adjusted in the future trade.

πŸ’’No stock will be bought in Figures Market, except sometimes a little risk will be taken in the Options Trading with less than 20% of the total portfolio amount (occassionally) to speed up the process and at the same time lower the risk of the money invested. 

πŸ’’No margin trading will be done in the account, to maintain a limited risk profile of the portfolio.

πŸ’’No other demat account, except those from my associated Brokerage House, will qualify for this offer.

πŸ’’This offer is valid till Kali Pooja (Deepawali/Sambat).

πŸ’’For more details, please send me a mail at: suman2005s@rediffmail.com or sumanm2007s@gmail.com.

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