if we go by what they are saying. Approximately 8300 Cr for 10%. Let’s be pessimistic and say 10% less then also NGEL will be valued at -75000 crores.
Thats approximately 25% of entire company market cap.
Posts in category Value Pickr
IDFC First Bank Limited (01-06-2024)
Growing its book value by equity raise every yr. In spite of high loan growth and low credit cost…
If you double your investment in ~10% ROE business, your earnings double, but it is still not a great investment from the perspective of a shareholder
Nuvama Wealth Management: Proxy to Affluent India (01-06-2024)
I dont think it’s in stage 3. It looks like stage 2 is still intact with a routine correction.
check out the weekly and daily charts. The trend line I have drawn are intact and haven’t been broken yet
Moreover, the fundamentals and the guidance look bullish and I dont think there is much to worry about.
A concern could be that margins might suppressed due to faster increase of staff costs in the coming quarter.I personally think that should lead to some consolidation at best but lets see its just a guess.
Technical analysis fails when we try to be precise. If my trend line is at 100 and it goes to 99 that does not mean it’s a bearish trend now. It is best when used to understand the general trend of the theme or stock and atm Nuvama seems to be in the same trend.
Bharat Rasayan Ltd (01-06-2024)
Nissan projects a healthy outlook for F24 from the new products. Augurs well for the Nissan Bharat Rasayan JV
Link: https://www.nissanchem.co.jp/eng/ir_info/library/pdf/AM/am2024_03.pdf
Dharmaj ready to benefit from high demand for agrochemicals (01-06-2024)
While results look optically bad, the management commentary is important. During commercialisation of new greenfield capex some of the costs are bound to be front loaded which gets normalised as capacity utilisation kicks in. Overall looks quite positive given the sectoral headwinds
IDFC First Bank Limited (31-05-2024)
It will further increase 5% on merger with idfc
IZMO- bet on new technologies in Auto retail & defence (31-05-2024)
Nothing wrong with intangible. IT products do create IP, R&D,Brand, digital asset,SaaS platform, Goodwill etc. Can be classified as intangible and It qualifies for depreciation as well. Market is nit sure of European and US market retail segment, which is a big portion of their revenue. Cash balance shows company has surplus funds. My take is cheap stock but mangement lacks ambition.
SmallCap Hunter : Trying to find the dark horses with triggers (31-05-2024)
Good Report Soourav. But Please look into corporate governance as well.
https://x.com/beatthestreet10/status/1739676867375050773?s=46&t=GZbLJTSVoviyMof1ELe2Mg