Anybody got any insights on SicSim (a subsidary of Neun Infra Private Limited, which is WOS of Archean Chemical and owns 70% SicSim) and its foray into manufacturing semiconductors?(SiCSem plans plant in Odisha, ties up with IIT)

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After the self-registration, how long does it take to get the login details and all?

Do you have any idea about this?

Thank you for your suggestion!
I have received this reply from the company side. I have decided to stay away from this company as I am not convinced with their response. However, forum member should do their do diligence before taking any decision. I am posting their response for the benefit of the forum members.

Dear Mr. Kumar,

I hope this email finds you well.

I am writing this in response to your email dated June 18, 2024, regarding a potential conflict of interest involving Mr. Vasu Naren, Managing Director and Chairman of Sona Machinery Limited, and his shareholding in CAN Engineering Solutions Pvt Ltd.

I would like to address your queries as follows:

1. Ownership Structure of CAN Engineering Solutions Pvt Ltd:

The remaining 50% shares in CAN Engineering Solutions Pvt Ltd are not held by Sona Machinery Limited. They are held by an independent individual unrelated to Sona Machinery Limited. This structure ensures that there is no direct overlap in ownership between Sona Machinery Limited and CAN Engineering Solutions Pvt Ltd.

2. Measures to Address Potential Conflicts of Interest:

We are committed to upholding the highest standards of corporate governance and ethical business practices. Mr. Vasu Naren’s involvement in CAN Engineering Solutions Pvt Ltd is closely monitored to ensure that his duties and responsibilities at Sona Machinery Limited are not compromised. Sona Machinery Limited aims to maintain transparency and fairness in our operations.

3. Current Business Status of CAN Engineering Solutions Pvt Ltd:

CAN Engineering Solutions Pvt Ltd is currently not engaged in any business activities and does not have plans to take up any new business in the foreseeable future. This ensures that there is no direct competition or conflict of interest between CAN Engineering Solutions Pvt Ltd and Sona Machinery Limited.

We appreciate your concern and are committed to maintaining the highest standards of corporate governance.

Should you have any further questions or require additional information, please do not hesitate to contact me at cs@sonamachinery.com or call at +91-8448984368.

Thank you for bringing this matter to our attention.

Regards,

Supriya

In this article I am emphasizing a very important issue of momentum investing. There are several pitfalls to avoid to ensure a successful strategy. Here are some key don’ts:

1. Don’t Ignore Risk Management: Momentum investing can lead to significant losses if not properly managed. Always have stop-loss orders or other risk management techniques in place to protect your investments from sharp reversals​ ​.
2. Don’t Chase Performance: Avoid buying stocks solely based on their recent performance without understanding the underlying reasons for their price movement. Chasing performance can lead to buying at the peak and suffering losses during corrections​ .
3. Don’t Overtrade: Excessive trading can lead to high transaction costs, which can erode your returns. Stick to your predefined rebalancing schedule, whether it is weekly, monthly, or quarterly​​.
4. Don’t Ignore Fundamentals: While momentum investing primarily focuses on price trends, completely ignoring fundamentals can be risky. Ensure that the stocks in your momentum portfolio have sound financial health and are not just speculative plays.
5. Don’t Neglect Diversification: Concentrating your investments in a few high-momentum stocks can increase risk. Diversify across sectors and stocks to spread risk and enhance the stability of your portfolio​.
6. Don’t Hold Losing Positions Too Long: Be disciplined about cutting losses. Holding onto losing positions in the hope they will recover can lead to larger losses. Stick to your stop-loss rules and exit positions that no longer exhibit strong momentum​​.
7. Don’t Ignore Market Conditions: Momentum strategies may underperform in volatile or bearish markets. Be aware of broader market trends and adjust your strategy accordingly. During turbulent times, consider increasing cash positions or using hedging strategies​​.
8. Don’t Rely Solely on Technical Indicators: While technical indicators are crucial for momentum investing, relying solely on them without considering market sentiment or macroeconomic factors can be detrimental. Use a combination of tools and analyses to make informed decisions​​.

By being mindful of these pitfalls, you can improve the effectiveness of your momentum investing strategy and better manage the associated risks.