With these surprises in write offs, Market may not give P/B more than 1to stock. Stock may settle in 50 -55 range eventually, my opinion.
Spandana Sphoorty Financial Limited – An Efficient Player (27-10-2024)
As you would have seen from the market leader’s results and commentary for Q2, it’s going to be worse for the sector overall.
Archean Chemical – Specialty Chemical Leader (27-10-2024)
Interesting developments – https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=408b5c18-65f9-40be-8b57-3e80ad57cc4d.pdf
This seems to make sense – previous collobration with IIT – diligence + research?
From what I can understand, their bromine derivative products has some key usecase and they are making investments which align with renewable/ev sector and uses their bromine deratives. Offgrid is a pre-revenue company.
Wondering how this will play out.
Disc- Invested
Deepak’s portfolio requesting feed back (27-10-2024)
Had to jot down some thoughts (journal entry) after this quarter results…
Just when you thought its clear road for next three years for all the lending institutions they came up with a quarter of dismal earnings. Though i did refrain from adding new funds at index high , i really think i could have made a cash call. Deepak Shenoy’s twitter post on cash call was brilliant. ’ its not just important you make a cash call, also very important when you reenter’. anyways i digress
Have to wait it out for some time to get meaningful returns in my portfolio. Till then i think i can focus on my personal stuff. Especially my career which needs a revamp . lolz.
Finish Coorg 10k at 73 minutes because of the steep uphill roads(elevation gain). Think i can get back to 60s mark again in plains.
FII action, Waaree Energies IPO listing and 5 more factors that will steer D-Street this week (27-10-2024)
Nifty fell 2.7% over the week, ending at 24,180.80, amid global and domestic factors. Investors await key Q2 earnings, with companies like Adani Power and Bharti Airtel set to report. Market sentiment remains cautious due to technical trends, FII/DII activity, and fluctuations in crude oil prices.
ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”? (27-10-2024)
Agree, hence the sector increase in unison, however in almost 2-3 years now, it looks like a new normal rather. People have learnt few lessons from covid which changed their outlook and they are going to pass on the same lessons to others around them. I dont think if someone is travelling in Q4 of this year, it should be considered as an immediate after effect of Covid lockdown…yes it can be the change in outlook of that person towards thing or rather a new normal for him…
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (27-10-2024)
Shilchar announced previous expansion in February which got commissioned in Aug mid. There’s a likelihood that they might announce another post q3 results or before and that might get commissioned in next mid FY. The management also alluded to that.
The management can be called conservative but the reality is that they are excellent when it comes to operational metrics as well. Fully aware that they’d probably hit 100% capacity next FY, they’d have a capex done sooner than we can put a finger on. What remains to be seen is q3 numbers and q4 numbers.
Ideally if demand is robust they should easily hit a revenue of 600 crores this year.
Note: Second biggest holding in portfolio
ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”? (27-10-2024)
Post COVID there was a sudden surge in travel demands since everyone was locked up and for almost two years travelling was very difficult. This will eventually normalise.
For Indian Hotels revenue in FY21 had dropped to 20% of FY20 and since the return in demand has also skyrocketed the revenue to almost 4x the revenue in FY25. Even profits have gone from -320 Cr to 2200Cr and Hence there has been a rerating in the stock and the absurd valuation.
But we should be extremely careful at getting into such stocks at these valuation.
From 2007 – 2021 there was almost zero returns in the stock and such cycles can repeat.