Hi Abhijeet,

1. Who invests the capital which is required for the construction ? It is invested from AIL's books ?
2. In 6/12 projects under development are 100% AIL owned (no JD), so we need to have some understanding on Q1. Who will invest the money for construction, who owns the land currently, is it owned by AIL ?
3. In the other 6/12 AIL's share is also north of 50%. Who will invest the money for such projects ?
4. Arvind probably is a good brand in Gujarat. But at all India level, I doubt it has any of the quality factor's associated with it, like Godrej brand.
5. Next few years companies fortunes are tightly tied to upland properties fortunes as 50% of projected revenues are tied to it. Feels risky.
6. Perception that "Beyond Five" project is only residential plotting and very little needs to be done probably isn't correct. Check our their plans http://www.arvindinfrastructure.com/about_beyond_five.php#horizontalTab2
   Also fact that their proportion in the project is 45% probably means, they will realize a revenue of 45%*600 cr = 270 cr. and have to spend on all the amenities listed above from that. Probably the land owner get's the 330 cr. as cost of land and no more expenditure form his side. That's how most JD works.
7. In Godrej properties case, the group land is owned by Godrej Boyce (Group company). Cost of the project development is also to be borne by Godrej Boyce. GP get's a 10% share of revenue mainly for marketing activities, hence providing higher visibility of earnings without putting to much at stake. So we need to understand what's the equation for AIL on these parameters.

Despite of this news stock up. This is how strange the markets are.

Disc: Invested, willing to hold for long time

Equity of dwarikesh is 47 cr and price 51. Why M Cap is 78 cr. Every dight is showing same MCap. It should be around 200 cr. Can anyone explain please

Ok, technically, Balrampur chini is close to a very important level, any sustained close above 70 is very positive as per the attached chart.

For sectors like this, it is best to go with the leader. Period. I wont be buying anything here, but the chart on a break out looks interesting. I know the promoters of Parrys (of Murugappa group). Very very ethical group, however, not sure how this sugar company of theirs stand. If the business looks good, then promoters integrity may not be questionable.

The below is the 8 year daily chart of Balrampur Chini - With long cyclicals, better to look at very long term charts - broader picture is very important, no myopic vision helps here.

Screen Shot 2015-10-13 at 11.53.17.png1810x1284 453 KB

Disclaimer: I'm tired of putting this after every post, there should be some blanket disclaimer I'm NOT a technical analyst NOT a fundamental analyst, NOT a financial advisor. Do your own due diligence. I will put posts that come straight from my heart, no double intentions.

I was looking for "Alpha" when I bought into Cupid stock, looks like the stock wanted to give me "Infinity" instead, on a lighter note.

The stock is locked in upper circuit as I write this, obviously I'm delighted, but I did not find any news yet on the stock exchange for this uptick though.