A stock can’t keep rising indefinitely. It will eventually face selling pressure and hit lower circuit for a few days. In October-2023 Piccadily was at Rs 312, then it hit lower circuit for many days and went down to about Rs214. It stayed in that range for a few months before shooting up again in Feb-2024. This is a normal pattern for stock price growth.
Posts in category Value Pickr
Piccadily Agro Industries Ltd (09-05-2024)
Why stock is hitting lower circuit for two days… is this profit booking ? pump and dump…
Just trying to understand broader picture,for this behavior
Will delete this post…
JSW ENERGY — channel breakout (09-05-2024)
Why is jsw energy falling in spite of good results? Is it because of the fund raising plan? Is the market wary of over capitalisation?
MSTC Ltd.: Growth through to E-Commerce (09-05-2024)
hey any update what is happening with the stock?
Iris Business Services – Emerging SAAS Microcap (09-05-2024)
any update what is happening with the stock?
Som Distilleries and Breweries (09-05-2024)
Som Distilleries & Breweries Plans to Increase Capacity in Odisha Unit says CMD JK Arora
JK Arora interview:
Udisha unit – 6 Million cases/month to 10 million cases/month (Before march-25)
Green Projects – UP & West bengal (plan for FY25)
Revenue target (FY25): minimum 1600 Cr.
Disc: Invested.
Manappuram Finance (09-05-2024)
If Asirvad goes public, will Manappuram shares be discounted due to holding company discount?
Tega Industry – unheard story (09-05-2024)
Had presented this to my clients in Dec 23.
Tega industries_BC.pdf (188.3 KB)
Disclaimer: SEBI-regd, not a recommendation.
Wonderla Holidays (09-05-2024)
Wonderla management has great vision. Clean balancesheet with no Debt. Huge scope to grow from Here. Sector is in Tailwind.
Piramal Enterprises Ltd (09-05-2024)
Posting queries sent to PEL IR. Will post reply. If anyone knows answers to any these questions, please help
Please help me with the following queries:
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Page 10 of presentation : Legacy loan book 14572 cr, existing provisions 2516cr against it
– Is 14572 written down value on books after 2516 cr provisions.
– Has the 2516cr already been used to write down book or resides on balance sheet as provisions -
What items contributed to loss of 570 cr in fair value net gain loss in P&L
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The 729 cr provisions taken is on the legacy book only or across entire book
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What investment property was written down by 600 cr in this quarter? What changed in one quarter to see such a dramatic fall
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This quarter writing down 4200 cr of legacy cost us 2400 cr which means provisions were clearly inadequate. It might better to write on legacy book at realisable value in one go than negatively surprising in results every quarter. Just a suggestion
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Book value has been declining/stable for over 2 years. Is it safe to assume it will resume upward trend only in Fy27 as l foegacy book will be written down @ approx 7000 cr for two years each
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The Price to Book for PEL is the lowest in the industry. Even PSUs have better Price to Book. Is the management aware of this divergence and trying something to change perceptions
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The 278 cr goodwill written off, when was this created and what exactly was this asset for.
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Where does the 10267 cr loss exist on balance sheet for carry forward, if it does exist on balance sheet.