I think there is also overhang of ongoing disupute with Surat Diamond Bourse.There claim is approx Rs 530 Cr. and litigation is going on. so, the working capital of company is stretched and in case SDB dispute settelement is delayed , they may go for QIP. But, these disputes are part of business and in my opinion long term prospects of company is good.
Disclosure: Invested and no transaction in last 30 days
Posts in category Value Pickr
PSP Projects – Construction Company (12-04-2024)
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (12-04-2024)
True.
my view is that if Modi Govt comes for the 3rd term, the entire renewable /Hydrogen pack will do well.for next one decade
Tips Industries Limited – Ready to RACE ahead! (12-04-2024)
I am still positive on this stock. There has been a series of good news coming –
- Global Deal with Warner music for entire library – This will increase the revenue and profits, as management told that this deal is multiple times bigger/ better Vs last time’s partial deal.
- Buyback announced on INR 625. Also, even at this price, the promoter is not participating and selling its stake. They know the future revenue profile. I guess it is a way to improve own promoter shareholding for what Tips can become.
I am just not sure whether this is my rationality, or recency bias (Impact of bull run)? Any other thoughts?
PSP Projects – Construction Company (12-04-2024)
Good time to add the stock right? Have added some in today’s 10% fall.
Operating margins are not lower than this for them historically. Also PE is super reasonable. I can only upside from here on both earnings and PE going ahead.
Heard that the stock is down due to some big exit today. Views from others on this?
Edelweiss Financial Services (12-04-2024)
@Srinidhi_Adiga Why do you think edelweiss is an inferior investment.? If they are able to payoff its debt wouldn’t it have a fair value of 45-69 T crores even with no additional revenue growth?
Premier Explosives (12-04-2024)
@Shreya28 Rather than making wild guesses it will be a good idea to wait for Q4 conf call and ask these questions. Or one can just send these questions to CS of the company.
Regards,
Raj
Disc: Invested
Premier Explosives (12-04-2024)
The management has proposed a plan to raise funds. What can be the requirement for such fund raise, given that the company has enough capacity?
There was also an earlier notification for an in-principle approval for capex in Orissa of 864 crores.
Can someone share their thoughts on these actions of the company?
Focus Lighting & Fixtures Limited (SME) (12-04-2024)
Substantial Acquisition of Shares and Takeovers
Tara Chand Infralogistic Solutions Ltd (12-04-2024)
@LarryWink I had nothing to add .