KPR
1% invested by Fidelity

I am studying the business: Hemant Surgical Industries Ltd. It is a 262 Cr market cap company as of today and quoting at a PE of 34 and price to sales of 2.4

Company is profitable with positive cash flow from last 3 years. As name indicate it is in business of importing and manufacturing medical equipments. Incorporated in 1989 and currently run by second generation entrepreneur. They have technical collaboration with JMS (Japan) and initially importing the equipments and selling in India but now they are manufacturing the products and selling and having benefitted by make in India and PLI scheme. Future is looking great and company having potential to grow further.
Opportunity is looking like a small fish in the big pond.
Currently 51% of revenue is coming from manufacturing going forward this percentage will increase further and margin will also improve in this process.

Some key financials:
ROCE: 45%
ROE: 41%
PEG ratio: 0.65

Last FY sales: 109 Cr
Net Profit: 8 Cr
OPM:10%

The stock is listed in BSE SME platform and trading in lots, lot size: 1600

@Jadewade

Usually when a stock ( or more specifically stocks in same sector or group) clears a major resistance like 1-2-3-5-10-15-20 year highs, it indicates that something has changed for that company or group or sector. Stocks can go up 5-10% based on rumours, or some concentrated buying by a famous names and then followed by their followers , or some fundamental triggers etc. But these often are short lived, unless the trigger is strong enough to keep the stock’s uptrend going.

But when we have a stock that clears say 5 year high, it indicates that all the negative sentiments, news,fundamentals that it suffered from during the last 5 years have been overcome. ( In some rare instances, stocks collapse after clearing major resistances. But these are rare) And once a change in perception (positively ) regarding a business happens, there is a strong appetite for that particular stock among market participants.

And logically speaking also, for a stock that has not gone anywhere for a long period of time to post all time highs will entail clearing first a 1 year high then a 2 year high and so on and so forth. So for us, its a choice when to join the journey in a stock’s upmove . For that we have to work on the company and try to figure out triggers, by researching the company in details.

I read few days back that Nuvama will be listed on 23rd Aug but I dont see that in my Zerodha Demat ‘Active’ stocks …anybody else has seen this getting activated ?