I think this is a typical hope stock.
Last year they seem to have hired some PR firm and got published in forbesindia. The high profile CEO has resigned since then & someone from Akzo Noble ( surender bhatia ) has joined in.
Interesting thing to note :
Surender bhatia was drawing close to 70 lakh per annum at Akzo Nobel.
He has joined Shalimar with a salary of less than 50 lakh + incentive bonuses.
How to interpret this ?
Link to last years article after which stock rushed from 80 to 150+.
There is a dispute within the family over ownership ? 2 brothers are fighting over the control ? I remember going through a comment on moneycontrol a few months back....
Though reliance fund / madhu kela seems to be picking up the stock
Vijay Kedia entered last year in october i guess. But the stock has already moved too much compared to valuations. Came across this link.
Interesting analysis of amrutanjan is written on this blog. Margins are set to expand further. Anyone else tracking this stock closely ?
https://www.alphainvesco.com/blog/amrutanjan-health-care-2015/
Management is great. They have benchmarked themselves against hengdeli corp. Which shows their ambitious plans going forward. The only thing that needs to be watched out closely is, disruption from iwatch or similar new players.
Watch industry has largely remained unaffected as traditional handmade luxury watches are still the most desired item on mens list. Can iwatch or new age devices change it ?
Receivables in a digital marketing business / internet marketing business appears a little shady. Most of the business in digital space is done with advance payments or subscription fees unless there is product development involved.
Promoters appear to be juggling from one story to another. From search to IOT. Confusing. I shall give it a skip.
Regards
Kumar
These guys are the service guys to Telcos and Power Grid like companies. They have the know how and do the jobs needed for the giants. Recently from BSE I came to know that Valiant got projects from Power Grid worth 2Cr. They employ engg. students and get the job done for the big ones on a contract basis
Market Cap.: ₹ 73.93 Cr. for Valiant and
52 for Avantel. Really small and risky now from a market perspective.
Guys,
For a forum of Valuepickr quality, we should not even be discussing Lycos Internet.
You don't need to read Financial Shenanigans to find issues with the stock.
Their con-call pdfs (not voice recordings) has the following as people who participated.
Mr. Vinayak Angadi from Christ University
Mr. Kuberan Marimuthu. He is an Individual Investor.
Mr. Sankar Rao. He is an Individual Investor. etc.
Guys, wake up and smell the coffee.Regards
Sriram
Hi Guys,
does the q2 results of shalimar paints inspire any confidence? What do you guys think about the current valuations of the company?
can u tell me those rules,i even dnt know that
those rules are listed on BSE and its the same for last many years, so those rules are not really a problem i think. The issue is the upside cap that they have imposed. What it means is that no matter what, you cannot have more than 400% gains in a year from a stock. how sad.