Isn’t the new MD appointed from 1 July?

@Jitendra_Vyas

In case of fundamental bets, the basic premise is you have a rough idea how things are going to pan out. There can be a delay of a quarter or two, but if company is on a growth trajectory, then it will deliver in due course.

Usha for example . In latest concall the management indicated that results of capex at Ranchi will be visible from Q1 FY 25 onwards In such cases, since capex comes on stream in phases, I expect results too to keep improving for a few quarters atleast.

Even after flat results, stock price went up and made a fresh all time high. Though it faced selling pressure at those levels, but even in overall correction of markets it seems to have gone sideways.

In these kind of situations I am not too perturbed by flat results because there is promise of good numbers a quarter or two down the line. Even after that kind of wait the numbers do not come around I would recalibrate my thesis.

@Sumit_Pandey I dont track PFC. Regarding breakouts, we have to be sure about it not being a false breakout. And even if it is a genuine breakout there is a lot of tests and retests of breakout zones.

@Apurva_Dubey I used to track and own KRBL, but inspite of good balance sheet and promise of good times, stock price did not make the expected moves. I therefore got out. Even now it has vastly underperformed overall markets in recent times. Unless I see anything again to suggest a re entry, I am staying away. For pure fundamental investors it might be a different case.

Dear Hitesh Ji,

Wondering if you are tracking KRBL and/or if you have a view on it. The stock has been hammered in the last few months despite (in my view) the business not deteriorating in any significant way. Based on the last concall, they are expecting to see robust growth in the export business this year (which includes getting back on track in GCC countries). Do you feel the current valuation give a comfort for an asymmetric bet. As always thank you for sharing your views with this community

Responding to ET’s queries, a Paytm spokesperson said: “We categorically reject all speculations concerning our lending business. We have resumed lending services with a select few partners and are actively engaged in discussions to expand with the remaining lending partners. Paytm does not provide a First Loss Default Guarantee (FLDG) to lenders; our role is strictly that of a distributor.”

AVG Chart

The chart does not give so much confidence. We can expect maximum one leg as upside but don’t see huge upside ( on technical analysis basis), It has also broken long term rising trendline (starting from Aug 22)

The stock has become more than 7 X in last one and half years( price was 82 in Sept 22.) and it has become 3 X in last one year ( price was 184 in May 23).

As per our observation ( 7 out of 10 times), stock price tend to take rest after such a run (profit booking, lack of new big -hands etc etc).

We might be proven wrong but we would wait for the last leg to play out ( small one ), or wait for some correction before entering the same.

Disclaimer: This is our view just on the basis of technical charts, no buy-sell recommendation.