Special Conn call on 28.11.2023
Posts in category Value Pickr
BULL in BEAR Market (10-12-2023)
Arbitrage Funds is relevant for people in highest tax bracket (( esp post Feb 2023 budget )
Rest can invest in liquid funds … Not much difference in performance for last so many years …
Long term Gilt are play on interest rate … That is different game …
Sharda Motors – Emission tailwinds or EV threat to exhaust systems? (10-12-2023)
Thank you @nirvana_laha and @manpritaurora for this awesome thread. Loved the detailed analysis. This came to my attention after @hitesh2710 and @phreakv6 had posted about it recently. It’s run up a bit, but still seems reasonably valued.
I had a question regarding sub-component exports. I guess it’s still early stages, but what subcomponents are they seeing the demand for – is it only related to exhaust systems and gensets? In their latest earnings call, they said “…establishing an export business, which is for emission systems for smaller tractors, gensets as well as subcomponents, which is part of our backward integration already.” So are these subcomponents related to emission systems and gensets only? What about suspension related opportunities? While they are not that big in India there, they still claim to have a market share of 10% in suspension systems in their Q2 investor presentation. Are export opportunities strong there too?
Will be great to get any additional insights on this. Thank you.
52 week highs and all time highs strategy (10-12-2023)
After more 13 years of exile the PSU Bank Index again in a blue sky zone.
EKI Energy is that a story or fact? (10-12-2023)
CHORs never change as Porenju V said so vividly after losing much money. We should avoid all such type where promoters integrity, competence and business model itself is doubtful…
Marshall Machines Limited (10-12-2023)
Had taken position post management bullish projection, they did investor session also on projection of 250 crore plus topline with 25% EBITDA in mid term. They have brought rights issue but one thing I have learnt very painfully , turnarounds are messy , complex and very rarely very successful. Exited fully with some profit but lessons learnt, any company with high leverage and stress is clear no no.
Samarth’s Portfolio (10-12-2023)
Investing in (equity) MFs doesn’t at all guarantee that you’ll have the same amount available next year. Hope you are aware of it, but just wanted to point it out. If you need some amount next year, put the money in a arbitrage or debt fund.
Meghmani Organics Ltd (10-12-2023)
There is long history of fires, corporate misgovernance issues and I have put all such stocks in never buy category. One can still make money but all such are type of gamble stocks…
Basilic Fly Studio Ltd (10-12-2023)
Management seems aspirational, competent and hungry with tailwind, In pre IPO meet they said that looking for 50 to 80% growth for next couple of years so huge value creations. Invested and increasing positions further…
Aurangabad Distillery Ltd (10-12-2023)
Invested since lower levels and has been part of signficant rise in stock prices. Corporate governance remains an issue though as they never share investor presentation or AGM also in physical mode. I sent a mail requesting them and after much follow up got one line response. Undervalued at current price still and holding. Penalty imposed is not an issue in my view, some stupid bureacrat without applying mind has imposed and it is already put on hold but one wishes they were forthcoming and transparet.
