@visuarchie There are quite a lot of people interested in the weekly rebalance. Please share the Excel sheet here like in small and microcap thread. Thanks a lot for the time you put to educate us this momentum strategy.

The promotor Sold nearly 11% of shares and its Rights in the market and applied rights more than his share percentage. Even though it is fully subscribed only 30 to 40 % participated in the rights that means if applied for triple the quantity the possible of getting all is high. So the promotor i assume without liquidation sold part of his shares and participated in rights and gained most . Fair or unfair it is permissible with in rule book and all 25 cr of rights money going to invest in new oil production unit hence good future on the cards.
Disc: Holding good quantities and my views may be baised

Are they facing any competition from just dial or anyone else? If they are Monopoly, it appears to be, then why churn is high and growth is low. Has the market matured already for b2b?

Another incident/accident – 24th Oct, ola scooter catches fire in front of showroom.

This company seems to hidden gem which is growing consistently and now have successfully expanded in other countries to with optionality of margin expansion in higher probability, as long as they don’t shoot themselves in the foot, this is gonna be one in kind of investment

This company ticks various great characteristics in my opinion

Selling an essential item
Having better pricing than of peers (therefore I consider this has some sort of moat in terms of farmer relationship and backward integration – need understand and find what’s their moat)
Good WC management
Expanding from their internal accruals
Cash rich company
Margin expansion oppertunity through VAP, foraying to higher margin countries, and VAP in those countries too.
It is non cyclical business imo

Neutral characteristics of the business:

The volume growth may not be high in the long run, because such is the nature of the business, it should be in line with population growth after reaching certain size ( terminal value). – However this is mitigated by the expanding in other countries

Cons:

They need to/have to manage their over procurement and keep the inventory losses and provision in check.

Should be Producing VAP as per demand, instead of overshooting the forecast of demand

All in all, this seems to be great investment and accumulate on dips

A special thanks to Mr @Sumit_Agarwal for starting this thread and @ranvir for regular detailed notes updates very useful for me, really appreciate the hard work

A request as well from my side to you, and for all community members,

To have a contra view, kindly state their points why this could be a bad investment and could turn into one

So that we can track that better in a way like an Anti checklist, because I couldn’t think much in terms of fragility