Thanks a ton for directing me to that threat please. I hav posted my query on that thread.
Posts in category Value Pickr
MPS Ltd (26-01-2024)
One of the weird filter criteria (yet I follow strictly) is assessing the management based on the arrogance of the leader (or promoter) as the case may be.
Arrogance on a public platform (wherein usually such leaders are over-cautious) is outcome of the ingrained nature/ behaviour of such leader. Sooner or later such arrogance shows up in eventual under-performance of the organization.
I found MPS CEO to be arrogant and has been one of the reasons for self for not investing in this company.
Investing Basics – Feel free to ask the most basic questions (26-01-2024)
Possibly others are also facing this issue. This is very generic basic query so didn’t post anywhere else…many times I struggle to buy micro cap stocks in momentum… so if I am trying to get a fill of upper circuit to upper circuit micro cap stock buy order, what’s the best way to attempt it please… price is obviously not a differentiator… Does pre-open order work better for this please? Or higher the quantity better th chances of my order getting filled? How does the exchange order execution work and what is the ‘HIGHER’ probability execution strategy to fill my micro cap stocks order, which are moving upper circuit to upper circuit… Thanks a ton in advance
Multi-Disciplinary Reading – Book Reviews (26-01-2024)
Walking the Himalayas, Levison Wood, 2016 – I don’t read much travel books, so this is a new exploratory genre for me. I have probably started with one of the best perhaps, since this book kept me riveted through the journey of the author as he crossed the Himalayas on foot.
The journey starts from Afghanistan’s Wakhan corridor, through Gilgit into Pakistan and into India via Srinagar, onwards to Dharamshala, Shimla and Rishikesh towards Nepal’s Pokhara and Kathmandu, back to green fields of West Bengal briefly and ending in Bhutan’s Gangkhar Puensom. The book beautifully captures the essence of these places, with the Himalayan backdrop but explores the cultures, languages, beliefs and quirks of the people as much as it does the beautiful and dangerous terrain, the rivers, streams, trails and roads.
You come across a lot of colorful characters, who form a spectrum between going out of their way trying to help or rip the author off. The author is joined by different people during the journey and he is almost never alone, so there are lot of conversations as well about the mountains (like the fact that Karakorum is Turkish for crumbling rock) and life in general.
You get a sense of the Hindu Kush and Karkorum, Amu Darya and the Pamir mountains, the nomadic Kyrgyz, Gilgit-Baltistan and Nanga Parbat, the palpable tension along the LoC between India-Pakistan (author crosses through Wagah after failing to convince the soldiers on Pakistan side on a shorter route through the mountains), the Tibetan culture preserved in Dharamshala, a meeting with the Dalai Lama, a glimpse of the sadhus and birth of the Ganges at Rishikesh, the wilderness of Nepal alongside the wilderness of its governance, the weird system in Bhutan that appears to work well for them, all through this 1700 mile trek. You also get a car crash, the only time the author decides to get into one for 10 kms and a break and resumption in the journey after his recovery from it and an endearing tale of friendship over decades with Binod who the author had met as a teenager in Nepal. This book is travel adventure through and through, captured beautifully in words that transport you to people and places far away. 9/10
MSTC Ltd.: Growth through to E-Commerce (26-01-2024)
https://aws.steelmint.com/indias-elv-recycling-facilities-to-open-up-new-scrap-supply-horizon-425259
India: Number of registered vehicle scrapping facilities rise over 50% in last 6-7 months
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- Applications for new units increase rapidly
- 43 facilities currently operational
- Scrap generation from ELVs to reach over 5 mnt by FY’24-25
Morning Brief: The government launched the National Vehicle Scrappage Policy in August 2021, and it officially came into effect in August 2022. The policy is aimed at phasing out unfit, polluting vehicles, and promote a circular economy. It also aims at boosting vehicle sales: vehicles older than 20 years (passenger) or 15 years (commercial) must pass fitness and emissions tests, or else they will lose registration and will be recommended for scrapping.
With the government starting to accept applications from entities interested in establishing scrap recycling facilities, the scrappage policy is taking a definite shape, as it allows interested parties to actively participate in the development and operation of recycling facilities dedicated to end-of-life vehicles (ELVs).
Policy incentives/overview
- Scrap value for the old vehicle given by the scrapping centre to be 4-6% of the ex-showroom price of a new vehicle.
- Concession on motor vehicle tax of up to 25% for non-transport vehicles and up to 15% for transport vehicles.
- Registration fees to be waived for purchase of new vehicle against the certificate of deposit (CD).
- Auto OEMs have been advised to provide 5% discount on the purchase of a new vehicle against the certificate of deposit.
Operational recycling facilities
As per data available with SteelMint, a total of 86 applications for Registered Vehicle Scrapping Facilities (RVSFs) have been approved by the government till date, with 43 facilities already operational, while the remaining are scheduled to commence soon.
The Indian ELV industry is slowly becoming a formal, automated and mechanised sector with the entry of auto OEMs/steel mills-supported recycling units. Currently, there are two OEM-backed facilities operational in the country:
- Mahindra CERO, a joint venture of Mahindra Accelo and MSTC. The current recycling capacity of this facility is around 50,000 vehicles per year with units located in Delhi, Pune and Chennai. The company is planning to expand capacity to over 600,000 units in 25 different cities by 2025.
- Maruti Suzuki Toyotsu India is a JV of Maruti Suzuki and Toyota Tsusho Group. Currently, it has a capacity to recycle about 25,000 vehicles per year. It has its unit based in Noida, UP.
- This apart, Tata Motors has signed a memorandum of understanding (MoU) with the Maharashtra government to build a facility with recycling capacity of 35,000 vehicles per year. It has also planned to enter an MoU with the Gujarat government to build a recycling facility with an annual capacity of 36,000 vehicles.
State-wise facilities
The majority of the applications received indicate a keen interest from firms in the western districts of Uttar Pradesh, Haryana, etc. In UP, around 42 applications were received, constituting approximately 50% of the total applications throughout the country. To see the complete list of state wise vehicle recycling facilities, Click her
Surge in vehicle scrappage applications
As per data from the Ministry of Road Transport & Highways (MoRTH), in 2022 (from August to December), a total of 372 applications were received for vehicle scrappage. Out of these, 354 were accepted.
However, the landscape changed significantly in 2023. Last year, a staggering 20,821 applications were received. Remarkably, 19,398 of these were promptly approved, reflecting the dynamic growth in vehicle scrapping activities.
Outlook on scrap generation from ELVs
The policy is estimated to cover 51 lakh light motor vehicles (LMVs) that are above 20 years of age and another 34 lakh LMVs above 15 years of age.
In 2021, India generated about 26.5 mnt of ferrous scrap domestically, of which 30% was from end-of-life vehicles which stood at around 8 mnt.
Delhi is the hub of ELV scrap recycling in India, contributing around 1.5-1.6 mnt. Other key centres are Bangalore (0.3-0.4 mnt), and Mumbai (0.3-0.5 mnt). Cities like Kolkata, Chandigarh, Pune Chennai, Meerut etc account for a combined 0.67 mnt of total ELV scrap generation in the country.
Automobile, railways, shipbuilding, hard stocks etc. are the main sources of end-of-life vehicles. Railways generate about 3.5-4 mnt, auto about 3-3.4 mnt and shipbuilding about 1 mnt.
As per estimates, India’s ferrous scrap generation from ELVs will touch 5.30 mnt by FY’24-25 and 7.30 mnt by FY’29-30. Estimated volumes in FY’23 will be around 4.60 mnt.
The data includes scrap generation from 2- and 3-wheelers, passenger cars, commercial passenger vehicles, and commercial goods vehicles. This data is estimated considering the average vehicle life of 15 years and average steel consumption in the automobile sector.
It is estimated that ELV recycling will cover up to 30% of domestic post-consumer scrap generation by 2030.
Generic execution query (26-01-2024)
Insted of starting new thread , you can post it here.
Generic execution query (26-01-2024)
Possibly others are also facing this issue. This is very generic query so didn’t post anywhere else… If I am trying to get a fill of upper circuit to upper circuit micro cap stock buy order, what’s the best way to attempt it please… price is obviously not a differentiator… Does pre-open order work better for this please? Or higher the quantity better th chances of my order getting filled? How does the exchange order execution work and what is the ‘HIGHER’ probability execution strategy to fill my micro cap stocks order, which are moving upper circuit to upper circuit… Thanks a ton in advance…
Rajratan Global – Focused Tyre Beadwire Company (26-01-2024)
40 Years of Neuland – A Tribute to Our Beloved Chairman Dr. D.R. Rao
Management emphasizing that value systems & ethics are in core of Neuland Labs.
Mr Rao has ensure that these values are imbibed in the culture of his family and the Company. This gives a lot of confidence to the investors.
Cochin Shipyard – No more Cheap (26-01-2024)
good psu stock now a days
HDFC Bank- we understand your world (26-01-2024)
I assume you are seeing the shareholding pattern on screener. If that’s the case, the numbers we are seeing is for the merged entity (HDFC Bank + HDFC Ltd)
If you can go to bse/nse and see HDFC Bank’s shareholding pre 2022, you will see that the promoters of HDFC Bank: HDFC Ltd and HDFC investments Ltd held ~26% of the shares, both were marked as foreign promoters. These shares are effectively cancelled after the merger. New shareholding pattern is adjusted for this.
The foreign shareholding is 60% as of Dec’23 (against the limit of 74%) and the float is now effectively 100% since the erstwhile foreign promoter’s shares are cancelled.
There a few technical issues like fii/fpi shareholding, msci weight, crr, slr, merger costs etc that will have a weight in the near term. If they overcome these challenges (which should happen sooner given the reputation of the management), people can finally focus on what’s relevant (NIMs, ROE etc). A long term shareholder like LIC is entering HDFC Bank knowing all these challenges should be done away looking being 5+years. Ofc, the NIMs will not be in 4.3% in the future but it’ll most certainly not be 3.4% in the long term. Patient long-term investors can make decent returns given the multiples have come off sharply