buyed kotak bank further with a view of short term impact of RBI Action. For long term, i think story is intact much better at these prices. Planned to buy further, if further price detriorates.
Posts in category Value Pickr
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (25-04-2024)
I dont think ICICI is really that better (I am a bank customer) there mobile app (Andriod) is very glitchy and we had a major issue reported today
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (25-04-2024)
After some of these events of Information Technology issues pertaining to HDFC Bank and Kotak Bank, it seems that, ICICI Bank is still the leader in comparison as far as Ease of Use, Navigation, Functionality is concerned. Having used websites of HDFC Bank and ICICI Bank and Many other banks, probably SBI and ICICI Banks seems to be doing better than other banks.
What could be the reason? Is it that, few banks are not investing properly to upgrade their IT infrastructure OR Is there any thing beyond what we can see as a customer?
Overall, it does not augur well for so called Digital Nation with largest population working in IT industry!!!
Maithan Alloys Ltd (25-04-2024)
Maithan Alloys bought a total of 17,54,196 shares of MOIL on 23 and 24 April. MOIL is trading at All Time High and all valuation parameters, be it PE. EV/EBITDA and PB is much higher than their respective 5Y mean numbers. Since Maithan understands Manganese, I suppose they know better. I took a tracking position in Maithan Alloys recently betting on their investments but after seeing their investment in MOIL, perhaps we can expect the company’s core business also do well.
Zensar technologies (25-04-2024)
Very good set of numbers given the lukewarm industry environment. Sequential growth seen across all verticals. Only sour note is resignation of their CFO. Not sure if it’s just me, but I usually get concerned about resignation of CFOs on or around the results date.
Zensar Q4 2024 snippets
• In Q4FY24, the company reported revenue of $148.1M, sequential QoQ growth of 2.4% in reported
currency and 2.0% in constant currency.
• For the full year FY24, the company reported services revenue of $591.3M, yearly YoY growth of 1.0% in
reported currency and 1.3% in constant currency.
• In Q4FY24, EBITDA was at 16.5%, quarterly YoY increase of 200 bps and sequential QoQ decline of 70 bps
• In Q4FY24, PAT stood at 14.1%, a quarterly YoY increase of 430 bps and sequential QoQ increase of 70
bps
• The company reported net cash of $261.7M at the end of Q4FY24, QoQ growth of 5.4%
• US region reported a sequential QoQ services revenue growth of 4.3% in reported currency and 4.2% in
constant currency.
• Europe region reported a sequential QoQ services revenue decline of 1.2% in reported currency and 3.1%
in constant currency.
• South Africa reported a sequential QoQ services revenue decline of 2.3% in reported currency and 2.0%
in constant currency.
• Banking and Financial Services reported a sequential QoQ services revenue growth of 2.5% in reported
currency and 2.0% in constant currency.
• Manufacturing and Consumer Services reported a sequential QoQ service revenue growth of 3.0% in
reported currency and 2.3% in constant currency.
• Hitech reported a sequential QoQ services revenue growth of 0.8% in reported currency and 0.7% in
constant currency.
• Healthcare and Life Sciences reported a sequential QoQ services revenue growth of 3.6% in reported
currency and 3.5% in constant currency.
Piccadily Agro Industries Ltd (25-04-2024)
May be off the topic i will delete this “As stock hits every day high,how to buy ?” Any trick or tips pls…
Screener.in: The destination for Intelligent Screening & Reporting in India (25-04-2024)
Hello, can someone tell me how to create an alert for bonus / stock split filings on screener.in?
Piccadily Agro Industries Ltd (25-04-2024)
very nice article -very relevant for Indri
Nestle India – FMCG Play (25-04-2024)
Good quarterly result from Nestle.
2 major announcements – on Nespresso and JV with Dr Reddys
Source – https://www.bseindia.com/xml-data/corpfiling/AttachLive/81fa5ed5-b9a2-4797-97c9-7d1c4fac5afc.pdf
Nestle India – FMCG Play (25-04-2024)
Good quarterly result from Nestle.
2 major announcements – on Nespresso and JV with Dr Reddys
Source – https://www.bseindia.com/xml-data/corpfiling/AttachLive/81fa5ed5-b9a2-4797-97c9-7d1c4fac5afc.pdf