A cup and handle formation is clearly visible, if volume also starts drying up during completion of handle formation, we may see sharp upside in the stock. Result of the stock is impressive too!! Fingers crossed.
Valuable inputs suggested please.
Invested.
MOIL Ltd – CMP 259
Fundamentally, MOIL Ltd is a PSU Mini ratna company and has more than 50% of the total manganese ore reserves In India. Company is cash rich. MOIL has three verticals: Manganese Ore Mining, Ferro Alloy & Electrolytic Manganese Dioxide. MOIL derives 90% of its profits from Manganese Ore Mining. Its major consumers are alloy and streel manufacturers.
Today they have come up with good set of numbers YOY PBT has jumped more than 120% (61.52 vs 27.34 crs). As per the last presentation the company has come up with a growth plan to increase the production gradually from 13.02 in FY 23 lakh tonnes to 35 lakh tonnes by FY 30.
They planning to explore out of leasehold areas and venture into MP, Gujrat, Chhattisgarh, Karnataka, Jharkhand, Andhra Pradesh, Goa, West Bengal and Rajasthan. Recently they have signed an MoU (in form of JV) with GMDC to explore the possibility of manganese ore mining in Gujarat, which has a Resources base of 9.51 million tonnes of manganese ore established.
Technically the chart has formed a rounding bottom in form of a saucer. Its previous high was 286 rs on Oct 17, 2017 and recently the Stock price hit a high of 280 rs on Oct 17, 2023 and is consolidating since a month and the stock price has shown strength today after results. It has to be seen how the stock price behaves once it is able to cross previous high of 286 which it created in 2017. Life time high comes to 295 which was back on 01 Dec 2010 during the IPO(after bonus adjustment.)
Disclosure : Invested as a technofunda bet. (not a recommendation, anyone contemplating investing needs to do their own diligence).
Anyone noticed the updated products portfolio in websol’s website?. I noticed Mono PERC M10 & M12 cells and modules just two days back and surprisingly enquiry tab was there.
Now it is showing like “website under construction”. Have they started production?
Of course, negative Q2 results expected but will they announce any big bang developments along with Q2 numbers?
The main take away is : Hon’ble Supreme Court of India
formally passed further action on the imports of petroleum coke into the
Country to the Committee for Air Quality Management (or CAQM), which
was established to address these areas of environmental regulations.
We await an official ruling from CAQM and are hopeful that there may
be some relaxation on import of GPC that will likely result in increased
capacity utilization of Indian CPC capacities. As a reminder, we are
currently limited to running our facilities in India at about 45% of capacity
because of the import restrictions.
Apart from this, there is price lag due to sudden dropped finish product. some debt reduction has happened. Interest rate have increased that is real pain, but as and when debt reduction will happen rerate of stock price might happen… I think min 1-2 year wait should give real good results. Its not quarterly story playing here.
I’m heavily invested in this stock up to 50% weightage and I prefer to wait.
Very interesting and detailed press release by the company covering almost all the crucial points about the current results, capex, haidwinds, strategy and future outlook.
My Holdings as per below
IGPL – Petrochemical Products Fundamental good co.
Accelya solution– Accounting Solution for Airline Sector
Refex– Gas and ash business
SKM Egg– Egg powder
Birla Cable -Optical Fiber
You wrote “Margins may revert back”? Does the management mean that margins will go back to 4-6% levels or stay at 7-8% or even improve? Needed the clarification. Thankyou
This is a great analysis of the results. From various analysis, it seems that expected revenue growth rate is around 10%. Did you come across any estimates of the revenue growth during your analysis?
Big things ahead for Manappuram Fin My analysis suggests that it may report revenue of 2200 CR,profit of 550 cr . Asirvad is stepping up, With increasing demand, they’re set to spearhead the growth
Praj & Thermax are specialized manufacturing and installing Bio gas- CBG plants on a larger scale in India…
Here is a company called HomeBiogas an Israel based Biogas company promoting usage of Kitchen waste, cow dung and other organic waste to produce (1) Bio Gas (2) organic fertilizer. In line with roof top solar at individual homed, the mini Biogas plant can be installed at every home. The plant uses the principle of anaerobic digesters that convert organic waste into methane gas and liquid fertilizer.
HomeBiogas can receive inputs of up to six liters per day of food waste or up to 15 liters per day of animal manure. Each kilogram may produce 200 liters of biogas, enough fuel for an hour of cooking.