Few more bouts of activity......
Reduced my holding in Jagran Prakshan by 1/4th ( after a 17% gain in 7 months) and in Yes bank by 1/20th( after 40% gains in 20 months)......converted them into UPL at cmp.
Basically trying to bet on agrochemical stocks( UPL and Rallis (bought 3 days back)) after back to back draughts in India and the worst draught in Brazil in 100 years.
I think both these stocks are high quality stocks and their corrected share prices have most of the negetives priced in.
I think margin fungibility in nse is a big thing which can reduce the cost of transaction for players already doing equity trading , so a party who is already trading in equity markets may prefer nse over mcx because of margin fungibility , as per various reports most of the traders in commodity market also trade in stocks so NSE can give a big fight to MCX !! . This view expressed by the MD himself in one of recent interviews.
(http://www.thehindubusinessline.com/portfolio/people/a-new-era-begins-for-commodity-exchanges/article7622145.ece
@desaibhai ur views would be helpful.
Thanks, good going for the quartz segment but we should not miss marked weakness in granite. Emkay had come out with management visit note where they seem to give outlook for sales growth @15-20% for both granite and quartz. They intend to invest in creating additional capacity for quartz by the end of FY18.
Quartz imports from India to US continue to increase. Much better than sept.
http://www.stoneupdate.com/us-stone-imports/statwatch-monthly-report/989-statwatch-spooky-october
H2 presentation -
http://corporates.bseindia.com/xml-data/corpfiling/AttachLive/10EA76EB_E1F8_489F_A92E_291F3219EE09_110243.pdf
(Reiterates ~ 48% capacity expansion in next 2-2.5 years)
Some good news
"Duke has secured a contract to provide 10 high speed boats and been appointed as official vendor for same by ministry of defence for Indian Navy's International Feet Review," the company says in its filing to exchange."
A huge achievement I feel.
More good news should follow soon I feel. As per Management all the things are on track
Hi Chaitu,
Do you know if the onsite PCC plant provides a continuous revenue stream for maintenance or if majority of revenues get realized during the installation ?
Disc: Not invested, tracking.
As an outsider, it is very difficult to make guesses as to why DB gave a pass to UP market. However, we may look at the decisions along with industry dynamics/characteristics and their company's own peculiar circumstances
DB Corp from 2003 onwards have launched it's edition in Gujarat, Rajasthan, Punjab, Jharkhand, Maharashtra and Bihar. If we carefully look at it in most of the markets ( except Bihar) they have chosen where the competition is prima-facie local or regional. Be it Gujarat Samachar in Gujarat, Rajasthan Partika in Rajasthan, Punjab Kesari in Punjab, Lokmat in Maharashtra or hindustan/Prabhat Khabar in Jharkahnd. They have refrained from or have not agressively entered the markets where much larger players such as Dainik Jagran is leading the market. It may be a coincidence or a calibrated strategy
Another interesting thing is that DB Corp has first focused on markets that are relatively well urbanized (Gujarat/Maharashtra/Punjab/Rajasthan) and have higher prosperity and hence are large ad markets. This is a very smart strategy. In fact, DB Corp always position itself as first choice of urban readers/ SECA/SEC B category of readers.
Now considering this strategy to focus on more urbanized markets and the typical break even time of 5 years for a news paper business, DB corp had hardly any room to look at any other market till 2010/11.
However, after capitalizing on the Urban market, it has in last 4 years started to focus on more Rurban/rural focused markets like Jharkhand/Bihar. However, by 2010/11, HMVL had entered UP/UT markets and hence they may have decided against entering that market as typically it is difficult to sustain more than 3 players in a market and new entrants always face tough time.
Only lately, in last 5-7 years, advertisers have woken up to the aspiring market of rural/rurban area and increasing their ad spend. While this happened, DB Corp, due to its strategic priority may have missed the UP market.
Again, this is nothing more than best guess and as I said earlier, it is very difficult to pin point exact reason for not entering UP earlier.
In 3-4 years, at the pace at which HMVL is moving, it will consolidate it's position in UP well and entry of DB Corp may have less pronounced impact.
Again, all this is intelligent guesses and logical reasoning and reality may pan out very differently than what we anticipate.
Hope this helps
Crisil updates Lactose India's BG, Bill discounting and credit line.
http://in.reuters.com/article/crisil-ratings-idINL3N14727M20151218
Given lactose India's huge debt, good to see this.
one more point i like to add to Dhwanil that it is not easy to get volumes right away because it is winner takes all kind of model , traders will trade where volumes are high and contracts are more liquid. e.g. BSE never recovered in F&O segment once NSE had some momentum(BSE tried market maker and small lot ).
disc: No holding. like business, but it is surely not win win so socialist in me gave pass.