Some takeaways that I am permitted to share.

• Order execution in full flow
• Logistics booking being initiated for deliveries
• Weight counted in over lac-MT+++++……
• Bidding ongoing for new tenders Dom & Exp
• New orders in pipeline may be disclosed soon
• H2 may be better than guided/expected

For me, it’s my highest allocation already.

Invested, bullish, not biased.

Please DYOR before investing. Do consult financial experts.

Ps: if my thesis is proven wrong, I have no qualms in accepting, learning, and exiting the company. I invest on management depth, market leadership, sector growth & demand, etc. My holding periods a long, and I’m alright with drawdowns, as long as corporate & business hygiene is intact. NOT an expert, just a dreamer

Yes, I have read the complete concall. However, this was early November, now it has been significant time and updates on war.
No management will accept that yes next quarter things might be bad. They can just say yeah we don’t expect disturbance, or it is not likely to happen etc.

PI Industries management did something similar recently with entry of Rainbow into Pyroxasulfone.

Most banks like top private sector banks, NBFC like Bajaj Finance (basically large caps), would be reasonably valued. But for smallcaps there is definitely euphoric market.
Coming to IREDA, imo it is overvalued.

Reason for these valuations maybe

• Newly listed Popular company, hence multiple domestic mutual funds have started building positions.
  The SIP inflows are at all time high (every month a new ATH), and the mutual funds need to buy new companies.
• PSU, Renewable theme, previous stock returns of PFC/REC.

Things I will watch out for before increasing position:

• Ireda upcoming results. Even though the market has already discounted the previous 55% Profit growth.
• Ireda get’s approval for Navratna. Which again has been promoted by the MD multiple times since the IPO.
• X,Y,Z Ace small cap investor enters IREDA. Quarterly Mutual fund holdings revealed.

I am from Ambala Cantt.

Check out Sahil Sharma’s twitter handle, has posted his investment thesis recently and allocated a significant amount.

https://twitter.com/sahil_vi/status/1737692762420789545

As far as valuation’s are concerned, aren’t most companies overvalued in the euphoric market?