Why there is drop in revenue in the 4th Quarter of every year?
Posts in category Value Pickr
Low Volatility Stocks (10-05-2024)
I am planning to start a 10 stock low volatility portfolio from an underlying index of Nifty 100 or Nifty 200. I have seen some articles and videos on how low volatility stocks perform well in both, bear and bull markets. Want to evaluate the same.
The idea is to identify stocks with low Standard deviation of log of daily returns. Arrange them in the order of increase SD and select the top 10. They come with two other conditions,
a. 6 months return must be positive (or 1 year)
b. Current market price must be > its 200 DMA.
Portfolio will be rebalanced once a month. But, I expect the churn to be very low.
As the stocks are selected on the basis of SD of daily returns, I don’t think there is any use in looking at smallcaps or microcaps. Hence, my universe will be Nifty 100 or Nifty 200.
I will create a notional pf and monitor for couple of months, before I start really investing.
Any thoughts on this?
Fredun Pharmaceuticals – A good microcap with great potential? (10-05-2024)
On face it looks good but also check inflating inventory and Receivables nos. With so much rise in profit comparing with last 2 years, there is hardly any improvement in cash flow. So will wait till the time cash flow improves
Manappuram Finance (10-05-2024)
Manappuram-Finance-Ltd—NBIE-Investor-Conference-Update—18-February-2024.pdf (744.5 KB)
good read
How to select equity mutual funds (10-05-2024)
We already have existing threads onmutual funds. Post it there. No need for a separate thread.
SJ Logisitics- Dark Horse (10-05-2024)
SJ Logistics got two order worth Rs.78cr to be executed within 9-10 months. Good to see getting order in Project Cargo which is a high margin segment for them.
Meson valves: A ‘Make in India’ player (10-05-2024)
Negatives:
- Promoter holding is quite low: 30%
- Dependency on raw prices of metals , mostly non ferrous metals.
- Defence sector, prima facie, is highly dependent upon government policies / stable government. A change in the current regime can adversely affect it.
- L&T is already making valves and if they decide to go big on this sector, it can be a big competition to them
- No considerable orders on waste water treatment yet.
- Dependency on vendors to source the valve components
Fredun Pharmaceuticals – A good microcap with great potential? (10-05-2024)
The sustainable margin as per the management guidance is in the range of 11-15%.
You’re Right, The margin hit is due to the launching of new products and expanding to new geographies.
The working capital has increased and there is some pressure there.
The macro factors as they are focusing on the MENA region currently there are geopolitical issues that could be some macro headwinds along with the Red Sea crises, as far as micro it’s how far they are able to scale and transition successfully from B2B to B2C is the thing that to be watch out for.
Midhun’s Investment journey and Space to organize investment ideas (09-05-2024)
Howard Marks on leverage… Nice read
SWELECT ENERGY SYSTEMS LTD – some information from Annual report (09-05-2024)
“The delivery of these modules, along with the required spares, must be spread over a nine-month period and can be to any location in India as determined by SECI, adhering to the specifications of the Ministry of New and Renewable Energy and its Approved List of Models and Manufacturers.”
To be deliverable in 9 months