Posts in category All News
Fed begins two-day meeting, result seen too close to call (17-09-2015)
Accelya Kale Solutions-Niche & Sticky Business (17-09-2015)
Yes - I could be suffering from endowment and availability bias.
Oil prices steady after big jump following US stock draw (17-09-2015)
Granules India Ltd (17-09-2015)
Based on the Orange Book data it appears that Ibuprofen up to 200 mg could be sold over the counter without any prescription and Granules had the permission for the same since 2010. But Ibuprofen above 200 mg requires a prescription and Granules did not have a permission to sell the same. Now, they should be able to sell prescription based higher dosages(400mg, 600mg and 800mg) on their own.
Asian shares hit three-week high ahead of crunch Fed meeting (17-09-2015)
Energy stocks lift Wall Street on eve of Fed rate decision (17-09-2015)
8.3 magnitude earthquake rocks Chile; tsunami alert raised (17-09-2015)
Indag Rubber – inflection point? (17-09-2015)
Spoke to CFO Mr. JK Jain. Key points:
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Company had income tax exemption till FY15. Now onward will have to
pay normal tax rate.Company enjoys 6% excise benefit at its plant in HP. This will come
to end by Jan 2016. The company will not be able to pass the same to
the end customers.End customers industry is very fragmented and competitive. Anyone
with Rs.15lakh can set up retreading unit. Can take material from
Indag or others and retread the tyre. Its take typically 3-4 hours
to retread tyre. After that it may need 24hrs for cooling of the
same.Radialisation may increase retreading. But as the tyre are good
quality, requirement of retreading will come after more running of
KMs than current.Company don’t have a pricing power to its buyers
Rajasthan plant got shut down due to issue with labor unrest.
Apart from this my finding on Khmeka - Sun group:
This is a very mall part of the group. Mr. Khemka is busy with Russia, work and ties related to that. Dont know how much time he spent on this company.
Disc: Had invested but exited post the call with MR. CFO