An Update here on stocks posted:-
Booked out of both USHA M and Bharat Wires sometime back. Found cheaper stocks in existing PF.
EQUITAS Sfb reported 60%+ PAT growth and Guiding for 25%+ AUM Growth going forward. Used proceeds from USHA M and Bharat Wires to top up both EQUITAS and South Indian Bank.
Equitas Chart:-
ADX has gone above 25x, and stock has just hit a fresh 52 week high. Quarterly run rate of PAT (assuming no growth) can lead to 680-700+ crore PAT next year. My most bullish estimate is 800-850 crores next year, given credit costs are falling to 1% as guided in the concall.
SIB:- Ex of Securitiy receipt provisions (mandated by RBI). Reported 306 crores PAT this Q vs Loss of 50 crores in Q3FY22.
Varun Beverages: Status quo and some addition when stock fell to 1100s.
No changes in Arman.
Disclaimer: no reco to buy or sell. Have positions in ARMAN, Equitas, VBL, SIB.
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