Let me try to put my question differently…rather than what one would do with their ITC hotel demerged stocks, what must be ideal market cap of ITC hotels as on today, with Indian Hotels trading at a mcap of almost 1 lac crore and PE of approx 76? Is this valuation of Indian hotels sustainable ? If the hotel industry is all about deep cycle related to capital intensive nature, the trajectory of the sector should not work in unison but rather depend in individual companys capex…however something unique happened last few years after covid and we saw this sector also move in unison…is this sustainable change?
IDFC First Bank Limited (26-10-2024)
I respectfully disagree with this. I feel the management is misleading investors. When the speaker mentioned that he is calculating the share price from the time the merger was announced, not from the date of the merger, Mr Vaidyanathan conveniently ignored this and repeated the share price from the merger date.
Isn’t it the management’s responsibility to review the bank’s books before the merger? How can he wash his hands of it now? This is very irresponsible of him. While the bank may do well in the future, his refusal to accept his mistakes is very bad.
I believe it is the responsibility of investors to keep the management in check. In fact, I’m glad the gentleman advocated for the average investor’s perspective so strongly. After all it is his money, and lack of return over 6 years is just unacceptable.
DELHIVERY – One stop solution for shipping and parcel delivery (26-10-2024)
DII mainly buying FII stake (Canada Pension Fund complete exit, for instance)
Hariom Pipes Ltd: A Capex Play! (26-10-2024)
The result in the current quarter for all pipes companies will be subdued given the fall in steel prices, late budget and rainy season.
the steel prices have corrected by 30% to 40% from the highs leading to fall in realization of pipe making companies.
Hariom which is an integrated player makes pipe out of HR coil which has better realizations as compared to Patra Pipes so, the difference between Patra pipe & HR coil prices have now Shrinked down and now the difference is of 20% to 25% which is a good thing as the market gets more mature increased traction will be seen by HR coil Pipe manufactures as compared to Patra pipe Manufacturers due to better quality and strength.
This fall in price will lead to increased stocking leading to many pipe companies like Hi-tech pipes, JTL Industries and more posting record volume but the realizations will be more or less flattish.
this, is a short to mid term i expect that by Q3 or Q4 of this year we’ll also see reversal in steel prices and value growth along with volume growth for pipe companies.
Point to highlight:
- In 2020, APL Apollo the sector leader stopped selling products on credit and to this decision all players followed except hariom pipes today it is the only player in the industry that provides credit to it’s customers to me this was interesting also it is verified by debtor and creditor cycle.
- The Six Monthly Balance sheet attached in result of current quarter shows increase in debtors as well as the payables have grown from 19 crores to 108 crores so what can be the possible reason behind it. (one need to think of it.)
Disclaimer: Invested in the company
Federal Bank – A Turnaround banking Story? (26-10-2024)
Data well captured!! Who could have guessed the collapse of profitability in IDFC Bank… Profits down 70%… Federal Bank is a steady tortoise… Hopefully
Federal Bank – A Turnaround banking Story? (26-10-2024)
Data well captured!! Who could have guessed the collapse of profitability in IDFC Bank… Profits down 70%… Federal Bank is a steady tortoise… Hopefully
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (26-10-2024)
I recently noted a few companies reporting getting ethanol allocation… Are these tenders filling at old rates? There was talk of ethanol prices increasing, but havent seen any announcement so far…Any inputs
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (26-10-2024)
I recently noted a few companies reporting getting ethanol allocation… Are these tenders filling at old rates? There was talk of ethanol prices increasing, but havent seen any announcement so far…Any inputs
Experts downplay panic amidst $12 billion FPI sell-off in Indian equity markets in October (26-10-2024)
Despite the turbulence, experts highlight that the recent sell-off is only a small fraction of the $800 billion in Indian equities held by FPIs, urging investors to avoid alarmist reactions