Promoter is a Chartered Accountant and buys mini cap companies for takeover, pumps up the price to astronomical level, integrates some business activity with it to generate interest and sells after pumping to buy another small company for pumping. Currently they are pumping Jhaveri Credits & Capital Ltd.
Please note that the company will perform on its merit, I have only highlighted the mode of operation of the promoter.
Posts in category Value Pickr
Praveg Ltd: Play on Indian Tourism Industry! (22-09-2023)
West Life Development- McDonal Restaurant Franchise (22-09-2023)
Hi,
History helped us to be a better investor in the time period of FY14,15,16,17 It was a tough period for the whole qsr but Westlife managed to improve their margin by 1.3% every year consistently. concall attached please look.
thanks
MOLD TEK PACKAGING—dividend plus growth (22-09-2023)
Hi all, sharing the notes of the mold-tek packaging and the concept of EBM
SJVN Ltd – Hydroelectric power (22-09-2023)
Yesterday’s OFS for Non-retail portion saw High demand for this stock from the MF’s and HNI’s. Today, it is open for retail investors. But now the price is fallen very near to the floor price and one can buy from open market if one is interested to buy rather than buying from OFS
MF’s seem to be entering in a big way in to PSU stocks especially Defence , railway , & renewable – could be good for long term retail investors , since MF SIP’s gradually could be an enabler for rise in shre price over a period of time.
However , retail investors should be cautious about OFS for stocks with high promoter holding. though for long term investors , it may be a temporary blip since most of these companies have clear earning visibility for next 4-5-6-7 years , though you may not see a sequential growth QOQ , because of long tenure for execution of the orders and the only key risk is timely execution of orders apart from change in Govt policy which may affect minority share holders interest
OFS of PSU’s is a strategic divestment plan by the Govt and there are still 21 PSU’s with promoter stake more than 75%.
Discl: Not a sell buy recommendation I have investments in above named PSU’s and hence may be biased. Pl do your own assessment
Glenmark Life Sciences (22-09-2023)
Here is the view from the Value Research Stock Advisor Service
Hop this adds some value.
dr.vikas
SKM Egg Products – thinking out of the shell (22-09-2023)
I wrote an email to the company CFO(SKM Egg Products) asking for a reason on the recent promoter sale. The response receied saying that ‘The recent sale was to meet excusively his (SKM SHIVA KUMAR) personal needs and kind of one off trasaction. He won’t be selling any more shares in the public in the near future.
Disclaimer:i am invested in this co.
The SME portfolio (21-09-2023)
I did some research on All E-Tech . The management seems quite honest . and recently they won a big project in west africa