Although I refrain from giving any buy/sell posts, but as you specifically ask and more from a fundamental of my investing strategy of following Simple rules….if Trent falls maybe 20% or so, I may do nothing and simple hold…while if it falls by 40% or so, I may be happy to add to my position as I feel my allocation to Retail and specifically to Trent could have been better to begin with had I been more mature when adding it earlier at lower prices.

Pls take above post with pinch of salt as I may not do exactly what mentioned above as any buy/sell/hold decision may have multiple variables and evolving conviction/mindset……

Regarding your data, I trust all would be accurate and as thought provoking as the fact that Tatas built Zudio from the ashes of the Pandemic, the seeds of which were sown few years earlier….No analyst or investor including me would have anticipated the growth of Zudio. The big narrative Nykaa made a IPO debut at probably 1 lakh crore market cap when Trent was probably at around 30K with all the real growth engines in place to fire….Having burnt my fingers in the Nykaa narrative and seen Trent’s multiple growth formats fire in person, it was a blessing in disguise to see more value in Tata’s Trent….wish would have invested more at lower prices had been mature enough….

Dics: Invested & biased. Not a buy/sell recommendation. I can be wrong in all my assessments. Not eligible for any advice.

You can buy ncds and bonds on icicidirect and paytm money platform. I have given few snapshots here My portfolio updates and investment journey – #39 by joinjp2003

Hello Meet Kush

Forgings is not a really value added area . mostly one gets paid on machine hour basis … and even Ramkrishna and Bharat Forge have struggled to generate economic profits and return on capital.

Only if a company is making machined parts which required design inputs apart from casting foundry or forging press makes sense to invest…
I am purely looking from a business viability perspective… else any companys share price can be pulled up by operators
Malolan

To the best of my knowledge, the regular brokerages do not deal much into NCDs/Bonds because they are not lucrative to them. NCDs/Bonds are very thinly traded instruments.

However, they are available for purchase/sell through SEBI registered bond houses. One can very well register in their investment platform and buy or sell the NCDs/Bonds. Not all bond houses would have the stocks of all listed NCDs/Bonds. They are available for purchase only when someone is ready to sell. Usually good NCDs/Bonds (although listed in BSE/NSE) are held privately by the long term investors so they are not easily available for trade.

Another point to note is, bond houses hesitate to deal in low credit rated NCDs/Bonds because they are too risky and may default.

While there are many NCD/Bond dealers, personally I have used reputed platforms such as https://www.thefixedincome.com/
https://www.indiabonds.com/
https://www.bondsindia.com/

They are good, safe, transparent with great customer service.

Tip: Do not forget to negotiate on the yields.

I hope this helps.

Thanks for your note. What’s your rationale of giving 30xPE, if a company is sustainably growing revenues at ~20% and EPS ~30% (operating leverage)? First of all, why 30x to FY24 and not FY25. Assuming 30x multiple on FY25 earnings would imply market cap of ~7000 cr. To me 30x is minimum for a company with strong moat, high pricing power, sustainable earnings growth, ROE above 20%, zero debt and good corporate governance. With more parks to come, stock can easily give 30% CAGR if management executes well on its guidance.