The idea is that it will grow for 100% yoy for a few years as it is a small and innovative company in a very big and fast expanding market. Current PE is 120 based on TTM, but forward PE based on latest results would be 75 and factoring in the growth of next 2 years, it could be maybe 15-20. Some could say 2 years growth is factored in, others could say 5-6 years of 100% yoy growth is left before it comes to 50-60% growth trajectory thus current PE is actually low. You are basically betting on the capacity of the management to manifest their words.
Sebi proposes Rs 1 cr minimum investment, mandatory demat form for securitized debt instruments (03-11-2024)
Public offers should remain open for a minimum of three days and a maximum of 10 days, with advertisement requirements aligned with Sebi’s regulations for non-convertible securities.
Union Minister Suresh Gopi booked for ‘misusing’ ambulance on Thrissur Pooram day (03-11-2024)
Union Minister Suresh Gopi and two others face charges for misusing an ambulance during the Thrissur Pooram festivities in April. Police allege they violated restrictions and used the ambulance for election campaign purposes. Gopi denies the accusations, claiming he was rescued by locals in the ambulance after his car was attacked.
FPIs withdraw record Rs 94,000 cr from Indian equities in Oct on attractive Chinese valuations (03-11-2024)
Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April and May, data with the depositories showed.
SYMPHONY – A Comfort to hold for Long term? (03-11-2024)
Domestic Limitations:
With around 50% of the domestic market already captured, Symphony faces challenges in generating significant new revenue from this segment.
@Dinesh_476 Looks like above statement from you is factually incorrect. Are you talking about market share?? If so you should also mention that market share is split between Organised and unorganised. As per management market share from Unorganised sector accounts for roughly 70 to 75%. So from the remaining 25% to 30% which is from organized market, Symphony has market share of 50%. So now think what is th overall market share Symphony has in Indian Air cooler segment and consider Aircooler penetration in India, CAGR growth this segment is achieving, raising demands from commercial and industrial segments etc. Symphony brand has way to go in India itself.
“Why is Home Minister so scared?” asks UBT Sena’s Sanjay Raut on increased security for Dy CM Fadnavis (03-11-2024)
Shiv Sena’s Sanjay Raut questions Maharashtra Home Minister Devendra Fadnavis’ increased security cover and demands an explanation for the heightened measures. Raut accuses the Director General of Police, Rashmi Shukla, of bias and claims her influence could impact the fairness of upcoming elections in Maharashtra. Raut expresses concerns over political violence targeting opposition leaders.
Burger King ~ Whopper of an Opportunity (03-11-2024)
I had been to Jakarta n Surabaya in June and could come across just 2 KFC outlets – in Kokas n Lulu malls if i recall correctly.
Didnt notice any standalone outlets.
Also there are many street food like outlets for chicken items. While in the malls there are manh Japanese outlets (have presence for a long time) along with America brands as well as upcoming Korean outlets (prefered by the younger gen)
So, the Indonesia biz will take a while to get going.
FPIs withdraw record Rs 94,000 cr from Indian equities in October (03-11-2024)
Foreign investors pulled out a massive Rs 94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks.
Before this, foreign portfolio investors (FPIs) withdrew Rs 61,973 crore from equities in March 2020.
The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024.
Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April and May, data with the depositories showed.
Looking ahead, the trajectory of global events like geopolitical developments, interest rate movements, progress in the Chinese economy and the outcome of the US Presidential election will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director,
Va Tech Wabag (03-11-2024)
Based on my own experience over several years of investing in small caps, I’d argue that one should be very careful with optimism on stocks where multiples have run way ahead of their earnings which is the case with Va Tech Bag where stock is now 3x its historical valuations.
That’s already too much premium factored in by the market based on all the potential positives including the ones you have mentioned.
Forecasting certain growth numbers for a company is full of risks. It doesn’t work for established players, let alone smaller companies. You can have regulatory changes, technological disruptions, competitive threats etc that can swing ratings either way for a stock. While we mostly think about the upsides, downsides is what one should be careful of and having a good margin of safety is what will protect one’s portfolio from potential downside.
We all have seen or heard about retail investors chasing great narratives and growth forecasts in PSU defense, railways and oil and gas stocks as well as new age stocks at crazy valuations with not so happy consequences. And this all happened in the middle of institutions still buying into these stories, launching new fund offers etc.
P.S.- This is not to say that Va Tech is not a good company. But as they say in investing, good company always doesn’t translate into a good stock and vice-versa. I have seen people holding Dmart, a highly promising story in 2021 disrupted by quick commerce, for last 3 years without any return. Doesnt make Dmart a bad company though, but those hoping for similar returns as stock gave in preceding years have been disappointed, having fallen on the wrong side of valuations.