Stock has smartly recovered 18% in three sessions from 8% cut on post earning date. Not sure if Morgan Stanley downgrade had anything to do with it. (They placed a target price of 2000.)
For some reason MS has been perpetually bearish on the stock having given three downgrades in last three years. Clearly stock has disappointed them so far 
Posts in category Value Pickr
MCX and Financial Technologies (26-04-2024)
Piccadily Agro Industries Ltd (26-04-2024)
Sure thanks for update, is there any certainty we will get allocated or depends on volume subscribed to reach upper circuit
???
Sandur Manganese (26-04-2024)
Hi All,
Sharing the video of Arjas steel plant…it looks quite good. Though its a 5 year old video…but good enough to get a sense of the asset that Sandur is acquiring.
Regards,
Yogansh Jeswani
Disclosure: Invested for self & clients
Sterlite Technologies | Digital India play (26-04-2024)
Fund raising was good for the company. But looks like funds are interested at particular price.
Business front:
Optical Fiber Cable prices trading much lower.
Sterlite will not do good for next year.
Triggers:
USA and Realisation should pick up.
Avantel (26-04-2024)
they seem to be good, yoy growth of 26% in PAT and OPM growing 8%+, my sense is we are obsessed with all companies needing to grow yoy and qoq in sales, profit, OPM etc.
We also tend to equate the stock performance with the results.
The company had guided Rs 200 crs sales in the AGM and they managed to show 225 Crs. For FY they grew revenue by 45% and PAT by 95%. For a company of this size they seemed to have done pretty well in my view.
They mentioned in AGM that they will be eligible for NSE listing in June 2024 and they will apply immediately. They have stated in the earnings filings that they intend to apply for NSEListing in June. Management does what is says.
Am holding this stock so may be biased.
Zomato – Should you order? (26-04-2024)
Zomato’s quick commerce business is now more valuable than food delivery, says Goldman Sachs.
Goldman Sachs is now valuing Blinkit at ₹119 per share at a $13 billion equity valuation. That’s higher than the food delivery business, which is being valued at ₹98 per share.
Welcome to ValuePickr Investing Forums (26-04-2024)
Thank you for promoting me to Trust Level 1. Grateful to have found this forum now.
Hindustan Unilever (HUL) (26-04-2024)
I mean it stayed at 75-80 PE for 2 years between 2019-21 and still LIC was buying it. Thats the thought process of all fund houses- Buy quality at any price.
Piccadily Agro Industries Ltd (26-04-2024)
You have to put a market order pre market through your broker at 9 am to be ahead of the queue if stock is hitting upper circuit.
Piccadily Agro Industries Ltd (26-04-2024)
Extrapolating 4q profit of 40crs to full year FY25 company should deliver minimum 160crs PAT in FY25. So trading at 35x FY25 vs Radico Khaitan at 60x PE multiple.
Most probably PAT should be higher given capacity is going up 2.5x mid FY25 (it also going up 5x to 60000 litres in FY26) from current capacity of 12000 litres.
Disclosure: Invested