December quarter updates :
NP 1007 crore Vs 804 Crore yoy.
Gross NPA at 2.29 % Vs 2.26 % qoq,
Net NPA at .64 % vs .64 % qoq.
Results are consistent.
But there is no positive movement in the stock.
What can be the reason?
Posts in category Value Pickr
Federal Bank – A Turnaround banking Story? (17-01-2024)
Indian Energy Exchange (IEX) (17-01-2024)
In an interview earlier today, as broadcasted on CNBC Awaaz, power minister R K Singh mentioned that power shall be supplied to the whole country at the same rate and decision shall soon be made on market coupling.
Requesting members to share insights on this comment from the minister. There was news few weeks ago about discarding market coupling altogether. Is there a U-turn by the government? In plain and simple terms, essentially, what the honorable minister is saying, is that every GenCo shall be forced to produce power at a fixed rate and every distributor shall be forced to transmit power at the same rate to anywhere in the country. How is that ever going to be possible? I am not sure how a single price mechanism can ever be implemented in such a big and diverse country like India. The costs for producing and transmitting power in different parts of the country would be different, based on the raw material, logistics and other expenses. Also, any power producer, say one offering power at lowest cost, would still have limited capacity. This lowest cost producer of electricity can no where come close to meeting the demand of a certain region, forget the entire country. So, as long as demand exceeds the lowest cost supply, customers would be forced to revert to higher cost producers.
What am I missing!?
Or does this comment indicate willingness towards MBED? Meaning, MBED would ensure a common mechanism for best price discovery, which may be what the minister was indicating? If that’s what he meant, then isn’t this a positive for IEX? But if so, why the big fall today!?
Any insights from esteemed members of the group are highly appreciated.
Natural Capsules – Pharma play with solid fundamentals (17-01-2024)
Any updates on the PCB approval that was pending as the regime changed. I had mailed them but they are a bit busy to respond to that. The last update on Concall was that they were ready to start commercial production as soon as they got the approval.
Sky Gold ltd. – Will it reach the sky? (17-01-2024)
Next 12 month expectations of 3000cr rev and after that 5000cr rev expectations
Current export revenue 3% ,targeting this to be 30% of revenue , also export is a higher margin business
Current pat margins at 2.5%-3% ,targeting this to be around 3.5%-4%.
Pref shares currently to be used for working capital , debt repayment can be easily done after few years.
Cost of debt at 9%, will be reduced to 3% soon.
Wc cycle from 60 to 45 days expected soon.
Roe targeting to be 25%-30% from 20%.
Gold Jewellery Manufacturer, Sky Gold’s Expansion Plans | NDTV Profit
Polycab India ~ Connection Zindagi Ka – W&C, FMEG and EPC Player (17-01-2024)
Well Jefferies for their part don’t seem to think the CG issues are a big deal and have given a price target of 7000.
https://twitter.com/LearningEleven/status/1746861676354322900
Cochin Shipyard – No more Cheap (17-01-2024)
PM inaugurates new Ship repair facility at Goa shipyard
Is this the news good enough to send the stock price to sky high today – increase by 10 %? especially on a day when the market is dull.
Not sure if there is some other news.
The Rs 1,799-crore dual purpose dry dock can be used both for ship construction as well as for ship repairs. It can accommodate large LNG carriers, Capesize and Suezmax vessels, oil rigs and semi-subs and other large vessels.
D8scl: Invested from lower level in my Defence basket. Not a buy or sell recommendation. pl do your own assessment before you invest
Screener.in: The destination for Intelligent Screening & Reporting in India (17-01-2024)
I could not find an existing ratio for Exponential Moving Averages. There are ratios for Displaced Moving Averages. Could one be added? Has anyone tried creating their own formula for EMA?
Sky Gold ltd. – Will it reach the sky? (17-01-2024)
Bull, Base and Bear case scenario in Sky Gold
Screener.in: The destination for Intelligent Screening & Reporting in India (17-01-2024)
Seems to be reliable. Tallies with Tijori as well.