Hi @Nash
The kirana wala hepls in both withdrawing and depositing money so you have to take the net effect into consideration.
The transaction is done through AEPS and it takes place from the bank account of the customer.
Hi @Nash
The kirana wala hepls in both withdrawing and depositing money so you have to take the net effect into consideration.
The transaction is done through AEPS and it takes place from the bank account of the customer.
Today’s 10-18% correction in ONGC and OIL stocks just shows how disconnected their rallies have been from reality. When oil prices have been stagnant globally and production of these companies continue to decline, and them being run so inefficiently, market was giving them premium on one pretext or the other.
Hopefully from here onwards, earnings take over.
Key issue is that the company has significant negative cash flow from operations in last 5 years.
Profits have increased by 40% CAGR but cash flow from operations continue to be negative. Major contributors to this are high receivables (60% of PAT) and high inventory (looks like they’re expecting better demand or poor planning on their end)
Peers like Avanti (to whom it supplies and is in a similar cyclical sector) and Godrej Agrovet continue to have positive CFO with low receivables and inventory costs.
From the RHP: “However, our operating cash flow before working capital changes is positive for all the periods disclosed above. Over the years, cash flows are used in building higher inventory levels, receivables and paying-off creditors in
line with the growth of our business”
However, the company is available at relatively cheap valuations and is offering decent growth. PEG ratio is 0.35 right now. Also, there have been a few instances of decent stock returns even if cash flows are negative like Tejas networks, Inox Wind, etc. Imho feels like a low risk, potential high return or no return bet.
Plus, this is proxy to Avanti in shrimp feed sector where turnaround is expected and valuations here are cheaper. Though Avanti is a better run business (personal observations)
Stock is down 23% today and I only hope that retail investors can maintain their conviction in the stock through further possible fall.
Stock is down 23% today and I only hope that retail investors can maintain their conviction in the stock through further possible fall.
I think I got the answer to my question about why the promoter sold shares.
I think I got the answer to my question about why the promoter sold shares.
Right now IT sector itself is in downtrend or sideways…So i dont hold any of the IT sector stocks. But I used to hold LTI mindtree and Tata Elxsi.
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