Update for entry on 28th October 2024 (lookback dates: 27/10/2023 and 26/04/2024)

50EMA (17,938) > 200EMA (16,334); hence, we can continue without any change.

Based on ranking:

1. GET&D
2. SUVENPHAR
3. GLENMARK
4. MCX
5. BASF
6. PPLPHARMA
7. ANANTRAJ
8. NETWEB
9. JUBLPHARMA
10. GODFRYPHLP
11. MOTILALOFS
12. INOXWIND
13. BIKAJI
14. KAYNES
15. HSCL
16. POLYMED
17. TECHNOE
18. CHOLAHLDNG
19. ERIS
20. PCBL

Based on A → Z for easy tracking:

• ANANTRAJ
• BASF
• BIKAJI*
• CHOLAHLDNG
• ERIS
• GET&D
• GLENMARK
• GODFRYPHLP
• HSCL
• INOXWIND
• JUBLPHARMA
• KAYNES
• MCX
• MOTILALOFS
• NETWEB
• PCBL
• POLYMED*
• PPLPHARMA
• SUVENPHAR
• TECHNOE

Exits:
NEWGEN makes an exit.
DOMS stays within the top 25 and hence remains.

Entries:
BIKAJI makes an entry.
POLYMED cannot enter as there is no vacancy.

Sorry raghu, from the date of announcement to date of merger, the prior management was in charge. I feel he is right on this.

I am more hopeful now than before, atlease they have provided properly for mfi. Can anyone compare other mfis and share if mfi credit costs for other players is 6.6% for h1? Sonthat we can compare?

Also can we compare the other players provisioning policy?

Sorry missed all exchanges here as I was traveling.

The speaker was polite and made no mistake. But I agree with VV on this point. Till the date he took over, the prior management was in charge. Whatever they spoke or did at idfc bank was their own doing, obviously they were in control of the bank. My sense is that ilfs dewan etc news flow happened and so idfc bank was down.

So when the shareholder said he was holding idfc bank shares since years, the banchmark was idfc bank shares at merger. The stock price was 37.6 on December 11 when the merger approval was announced to the exchange. So that benchmark was absolutely fine I feel.
On provisions he did mention that the upcoming quarter was worse and he did call out MFI on multiple channels including cnbc I remember and in the agm. This was my gripe in earlier posts… on why they called it out so much.

But he gave no hint of upcoming provisions for MEP in q2 24, I agree. And looks like they said there are no more of these kind of accounts.

Maybe they wanted to take it all now so that next quarter onwards rhey can start the uptrend of pat. (hopeful) This was my take.

But i liked the loan growth, deposit growth, ppop growth.

Lets hope for a better fy 26.

On a separate note 75% at 90 dpd and 100 pc at 120 dpd, and now taking mfi provisions for sma 1 and 2 upto 99 pc is extreme conservatism. I can sleep in peace that they wont do wrong things. But is this much conservatism in accounting required at all?

So, as per my estimation, he said in the podcast they are going to give out the rentals for a 42 RU [RU = Rack Units] for 30-40,000. Thus, taking an average of rental yield of INR 35,000/42 RU = INR 833/RU. There are racks with different intensities. 1 MW can be used to accommodate 7000 RUs at 10 kW per rack (i.e. considered as medium density) [assumption that they have medium density racks]. Therefore, the number of RUs are 7000 (approx.). Total revenue estimation, therefore, can be INR 833/RU x 7000 RUs/ MW x 5 MW x 12 months = INR 35 crore. [with capacity of 700 crore run rate in the future], which I don’t think includes power actuals.

Note: I have taken lots of assumptions. I may be way off. However, as per market rates, estimations, public data, that’s the best I could come up with.

The rental yields I feel should definitely get normalized in the long term. I agree there are capex barriers. However, in the immediate future, the firms should enjoy supernormal profits. As competition scales up, it should reduce. How much it might reduce by, I don’t know frankly.

The CWIP seems to be of 50 crore only on books right now, which is what the management has guided for also as capex for setting up the center.

Q2 results out. P/l looks fine, main worry is the balance sheet and cash flows