Business update: Praveg Receives Work order for Developing and Operating
Kihim Tent City at Raigad, Maharashtra.
Maharashtra Tourism Development Corporation (MTDC) awarded work order to Praveg Limited.
• 40 eco-friendly luxury resorts with conference hall, restaurant & dining area, indoor & outdoor recreational activities, yoga and ayurvedic therapies, cultural center, medical room, etc. Resort is the first project of Praveg in Maharashtra.
• Contract is for five (5) years with an option to extend for another five (5) years
Posts in category Value Pickr
Praveg Ltd: Play on Indian Tourism Industry! (26-10-2023)
KMC Speciality hospital (26-10-2023)
They changed Rating agency from brickwork to fitch.
This is first time they have information about whole Kavery group in credit rating instead of standalone Cantonment KMCSHIL hospital.
I think they are eyeing for whole group’s IPO in future.
I don’t know if it is positive or not.
If any senior member can explain on this.
Thanks
HDFC Bank- we understand your world (26-10-2023)
Though these warnings look good prima facie, the actual implementation matters more.
We have seen that, Assets of large PSU Banks turning bad after such high loan growth periods, and probably Central Bank does not act proactively in such cases. PSU Banks have seen their GNPA(s) rising beyond manageable limits in the past decade.
Central Banks should be more careful about PSU Banks rather than Private Banks which are more cautious in lending practices.
Hope that, this time, Central Banks will be firm in their approach.
I G Petrochemicals Ltd (26-10-2023)
IGPL has good CAGR but it was because of fall in oil price which led to increase in margin ,Its largest and lowest cost producer of PAN in India & and only MAN manufacturer in India .
Here are pictures of slides in the ppt
the company also makes full use of byproducts made while manufacturing PAN by making benzoic acid & MAN of it
the company is also planning to CAPEX
the only thing left keeping company behind is margins
Kilpest India Ltd (26-10-2023)
I don’t have access either. Looks like this video is a summary of this same article:
Fundamental Radar: Why Kilpest India is poised to test ₹1,184 in 12 months? Sandeep Raina explains
Radiant Cash Management Services – Asset Light Play On Cash Logistics (26-10-2023)
CMS Infosystems had declared their results yesterday not Radiant
Radiant Cash Management Services – Asset Light Play On Cash Logistics (26-10-2023)
Results are still awaited
PPFAS Financial Opportunities Forum (26-10-2023)
Keep updating the learnings
Kotak Mahindra Bank – Low Cost Liability Banking Franchise (26-10-2023)
I tell myself that the historical valuations are indeed…historical. Based on the current position of competing private banks which are all in very good shape, growing very well, well managed now and corp governance issues non existing (I hope), Kotak and HDFC bank may not enjoy the historical valuations going forward. So I expect that 3x may be the valuation going forward…which means from here, the stock price may move along with improvement in the book value, and no rerating in P/B multiple.
Manappuram Finance (26-10-2023)
value trap nothing else I have to say. please avoid.