Motilal Oswal initiating coverage on Granules India -
http://www.motilaloswal.com/Financial-Services/Research/Detailed-Report/Initiating-Coverage/13875
Motilal Oswal initiating coverage on Granules India -
http://www.motilaloswal.com/Financial-Services/Research/Detailed-Report/Initiating-Coverage/13875
what an adjustment. Less than 2%...even company will not be able to predict that with precision.
God bless the analyst and their wonderful work using excel.
One thing for sure that promoters' are very market savvy. They timed their warrants when lots of exits by long term investors/PEs were happening. Two benefits, one they got it slightly cheaper and second it boosted investor confidence for short term.
Disc: invested but looking to exit at a better price.
I think this story was over at least for minority investors even before it started. Do some google search to find out how maxwell and lovable promoters are related. While they milked maxwell, lovable was a newborn baby to start milking again. I consider it an inferior story for a longer term play compared to playing for a bounce. Page is growing aggressively in women's segments and gaining market share while this one is happy in just maintaining it. Now they want to take license route which is a classic sign of failure as they had own brands. This will be flashed repeatedly in the media as long as PE guys are invested and will be buried or get bought at some point of time.
Isn't allotment of 35% for Orbit Exports on higher side? I like the business and I am invested in it. At present I believe the market it happy with the new management and it's execution of augmenting the capacity with the existing facility and efficiently managing the new facility at Kalyan. Also their aim is to reduce the outsourcing(40%). Being in fashion design space it commands higher margin on exports(60% in exports). Since you are in Textile field my question to you is the sustainability of the margin and its ability to churn out new designs every year?. Vakrangee and Jain Irrigation I read elsewhere there are some red flags. Could you please tell me about the rationale of Sarla?
Agree with@pjain will keep Welspun and aviod Nandan Demin
You're using broad strokes to rule out individual investments, i.e. Mixing a top down approach with bottom up. Therein lies the problem
If you want to invest based on themes then you have to pick some trend that's taking off and in India typically we just look at what happened a decade or two ago in developed markets and extrapolate that. Mobile phones, airlines, cars, etc.
But the bottom up analysis shuns the industry averages and looks at the individual players to determine their strengths. Nearly all the profits in the enormous mobile phone industry are captured by just one player - Apple. Now you can't say that Apple is a bad investment just because nearly every single player is bleeding money.
So as a macro, airlines are a bad business, as a bottom up approach, generalizing it to "every airline is a bad business" will be an enormous fallacy.
Perhaps I have not been as clear in my post as I had hoped to be.
I am not talking about a bounce. I am talking about a bottom formation and a sustained uptrend which would follow. This uptrend will be backed by both fundamentals (improving sales, margins, and Adidas ) as well as technical.
Don't buy it for a bounce, but consider buying it for long term holding in your portfolio. And buy it precisely because it has gone nowhere in the past so many years and .....because it may go up a lot in the coming years.
I rest my case; the decision is yours. Pl do as you deem fit and proper.
I would definitely keep Welspun among the textile names.. The stock has a lot of upside potential given the capacity expansion...Not sure on the others textile names as I don't track them ...
Would definitely keep Granules and DHFL ....
It has gone nowhere during the last many yrs and why would somebody be interested in it? for a bounce?? there could be better stories even for a bounce.
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