Large private banks have been trading at a discount for quite sometime now. Axis bank particularly is at a discount even from its peers considering P/B of 2.5. At the same time, it has the lowest ROA and ROE among the peers. Just needed someone’s views on the fundamentals if you know more about the sector and how the CITI bank’s acquisition playing out if someone has info?
Posts in category Value Pickr
Narayana Hrudayalaya Ltd (03-04-2024)
Marcellus adding NH to their portfolios is a good news. I guess they have added it to both Little champs and Rising Giants portfolios. It means the business might be fundamentally sound. Not sure about the valuations as Marcellus have always been criticised for holding stocks at high valuations. I hope they have tweaked their strategy regarding valuation after such big backlash. But overall good news.
Hi-Green Carbon Ltd – Play on Renewable energy endeavoring wealth from waste (03-04-2024)
i think this patent is also housed in one of the parent entities.
Hi-Green Carbon Ltd – Play on Renewable energy endeavoring wealth from waste (03-04-2024)
Invested in both companies, however as on date, i feel Tinna is a long term hold, where as High Green Carbon is more of a trade and then can be moved to long term portfolio.
Also i think the related party transactions are quite a lot, which i feel should be examined.
Walchandnagar Industries | Return of a Golden Era (03-04-2024)
Indian Oil in talks with Nuclear Power Corporation of India to build small nuclear reactors. (Bloomberg)
Recent past has provided ample opportunity to accumulate.
Not expecting earth shattering numbers in Q4 – but, expecting some positive news and positive commentary.
It’s a long term play.
Deepak Fertilizers and Petrochemicals (03-04-2024)
Can you share research report or link of the report ?
Ganesh Benzoplast – Cash rich chemical storage/tank king (03-04-2024)
This is serious , 20cr is a huge amount for a 1300 cr market cap
DDev Plastiks Industries – A Smallcap Gem (03-04-2024)
Can u pls share the name of peers – listed ones, thanks.
Oil India- has its time come? (03-04-2024)
You can only apply DCF to the companies where you can forecast earnings with a certain degree of confidence and it’s very hard to do that for commodity stocks especially for oil companies. Simply Wall Street applies DCF and adjusts discounting factors based on the nature of the industry. It’s purely mathematical and doesn’t consider any sector or company specific dynamic.
When it comes to valuing commodity stock, I generally use my own metric which is average oil prices/average P/E in a particular year and compare that with historical trend. Based on that I find both ONGC and OIL to be quite expensive.
I work in oil and gas sector and have seen negative oil prices (during Covid) and some crazy up moves that can create extreme swings in earnings. Structurally, oil demand is forecast to remain flattish as per various estimates (IEA, OPEC) due to increasing EV penetration. I have also consulted with both OIL and ONGC and can tell you that they are not among the best managed companies and their operational metrics (e.g. cost/barrel, reserves replacement etc) badly lag the industry leaders.
So stocks like Oil or ONGC can be good short term trades as short term spikes in oil prices and current bull market are creating a demand for these counters.
MSTC Ltd.: Growth through to E-Commerce (03-04-2024)
MSTC is proposed to be entering into Data Centre and Fintech which makes his Industry a bigger as compared earlier E commerce.
EXPLANATORY STATEMENT
(PURSUANT SECTION 102 OF THE COMPANIES ACT, 2013)
Setting out all the material facts relating to the Special Business in the Notice:
ITEM 1: ALTERATION IN OBJECTS CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF
THE COMPANY
Existing Memorandum of Association (MoA) of MSTC Limited was approved by the shareholders in
their Extra-ordinary General Meeting held on 26th December, 2018. Since then MSTC Limited has
diversified its business portfolio and emerged as a multi-product and a multi-functional organization.
Presently, MSTC Limited is primarily engaged in providing e-commerce related services across
diversified industry segment offering e-auction/e-sale, e-procurement services and development of
customized software/solutions. MSTC Limited also has plans to further diversify its business by
entering into new segment/field of E-Commerce, Fintech, Data center and Re-cycling business.
Accordingly, it is felt desirable that the Object clause of Memorandum of Association of MSTC Limited
needs to contain more pertinent clause which provides fair and clear scope of various business
carried out by the company and the changes will also make the charter documents comprehensive
and enabling. Certain new activities are proposed to be added/ inserted and certain changes to the
existing clauses are being proposed in the Main object [III-A] clause as well as in the Objects
Incidental or Auxiliary to the Attainment of the Main Objects [III-B].
Pursuant to the approval of the Government of India through the Ministry of Steel vide its letter no. S-31021/20/2023-MFH dated 4th March, 2024, the Board of Directors of your company in its meeting
held on 15th March, 2024 have approved for alteration in the Object Clause of Memorandum of
MSTC Postal Ballot Notice.pdf (784.8 KB)