Hi Vikas, I had a question on NSE. I saw that it is quoting at < 25 pe in grey market. I have heard the buzz of its ipo that it will have huge subscription. I am a new investor with almost no knowledge of grey market. Wanted to know your opinion on why nse trades so cheaply. Is it because of the colocation scam ?
Posts in category Value Pickr
Cigniti Technologies – Global Leader in Software Testing (07-12-2023)
anyone have idea why promoters are selling shares they sold heavily this month?
Bulk Deals Daily Log (07-12-2023)
Hi Value Pickr
Back with the bulk deals log here.
6th Bulk Deals Log
Date: 7th December, 2023
Links:
NSE: https://www.nseindia.com/report-detail/display-bulk-and-block-deals
- Compucom Software
Entering Entity: Multiplier Share and Stock Advisors Limited
Entry Price: 33.85
Entry Quantity: 4,65,239
The final entity this business services is the Government of Rajasthan which doesn’t inspire a lot of confidence for me. The debtors cycle is extended, however the CFO/EBITDA conversion is plain weird. Not sure if I am interested in this company but Multiplier Share and Stock Advisors have gotten involved with successful businesses earlier, that is why I covered this business.
- Cosmi CRF
Entering Entity: YUGA STOCKS AND COMMODITIES PRIVATE LIMITED
Entry Price: 371
Entry Quantity: 20,000 shares
This is a railways related business, so this might be late to the party, but does look statistically cheap at about 2X sales multiple. Definitely worth a look.
- Dhyaani
Entering Entity: SRINIVASA RAO GODDATI
Entry Price: 103
Entry Quantity: 10,000 shares
The screener page of this company shows a sharp one day increase in price. I think this is because of the bonus issue date change and not the actual movement because the trading view page is completely different.
But all the traction this industry is seeing is validating my hypothesis on the marble industry. It is doing really well.
The number of good quality investments coming up on bulk deals are reducing. Is it a sign of a top? I’m not sure,I think I’ll be in a better position to judge this after a few months. But for this thread, I am considering talking about a few more things like:
- Covering stocks which have seen extensive promoter buying
- All stocks from certain sectors which can be expected to do well in the future.
Let me know if these sound like good ideas.
Aurangabad Distillery Ltd (07-12-2023)
AURDIS_16082023210757_ADLINTIMATION.pdf (nseindia.com)
Although the Company has obtained a stay on the order, the Liability can’t be ruled out. Also a big jump in Other Current Assets showcases the upfront amount required to pay to get stay on the order.
Do note that many parameters are in favour of the company and results have improved which is indicated in rise in the price of the share.
And also, this was mentioned somewhere. I do not remember the official source now but found it on twitter.
Disc: Invested.
KPI Green- Turning Sunshine Into Cashflows (07-12-2023)
Hi. Where do you got the information about the kpark? Can you rthe valuation report if it’s there?
The harsh portfolio! (07-12-2023)
Every investor has their own pecularity and style, they are free to do what they feel is right.
You can read more below.
Praveen’s Information Attic (Obervations, Lessons, Thoughts) (07-12-2023)
Hello Folks
I’ve posted about Averaging up in MCX on 19th Nov. I’m still going to ride the trend.
Today I’d like to make a comparison between two Cos in both technicals (mostly but some Funda as well)
Let’s look at charts of Angel One and MCX over past few days
Angel One:
- Over Last 8 days, I see there are 2 candles (marked with arrows) where I could see 2 candles with wick on top, which indicates that the price rise did not sustain
- Even though yesterday there was big green candle (on Monthly business update release), but there’s no follow up and today the stock gave away some of the returns
- By looking at the Volumes, we can see that the Green candles have higher volumes, which is a positive sign technically
- On Funda side, the co. is trading at PE of ~25.3. The stock made a peak in Apr 2022 at 26.9 PE. Which means that the co is close to peak valuation it achieved last year
MCX:
- As per my interpretation, the stock is still not seeing much pressure in continuing the uptrend even though the momentum is not as much as it was 2 months ago
- On Funda side, the stock is trading at 40x P/E FY25 estiamted earning (assuming 424 cr PAT for FY25). Though it looks over valued, but considering that it’s a monopoly business it may not be the peak (not undervalued either). Also CAMS and CDSL trade at >45x, 62x TTM P/E and have infirior growth compared to MCX
So, from my Funda view Angel one is close to it’s peak and no opinion on MCX funda wise.
Coming to Technical view Both are making new highs. But Angel one shows signs of exhaustion but not MCX.
MCX is clearly stronger on chart compared to Angel One. My view is that MCX is stronger and should outperform over next few months.
Why and What I’m doing:
- I’m writing down my thoughts in Technofunda and would assess in future how my views played out. This would give me confidence and also help learn few things
- SInce I’m a beginner in TechnoFunda, comparing 2 stocks from my tracking universe (also in PF) is a better exercise than comparing with TechnoFunda picks of other people.
Please feel free to share views on how you’d interpret these charts and earnings. Let’s learn from each other
Disc: No reco to buy or sell. Currently holding both Angel One and MCX
Axita Cotton – is it a Hidden Gem? (07-12-2023)
What could be the next resistance of Axita Cotton? Any idea?
Cineline India – Picture abhi baaki hai (07-12-2023)
(post deleted by author)