Out of the 59k Cr Debt, 57k Cr is lease liabilities, which represents their expanded fleet (as they operate on a leaseback model). The company does not have any long term debt on their balance sheet and have in fact reduced their short term borrowings by 4.8% this quarter.
Cupid Ltd – Helping the world play safe! (25-10-2024)
Have tried to cover the broader industry so this can give an idea about the stigma attached to the products.
Assam: One person killed in pre-poll violence (25-10-2024)
In Assam’s Samaguri constituency, pre-poll violence led to the death of Bipul Saikia after clashes between BJP and Congress supporters. The violence arose from alleged obstructions to a rally. Both parties have announced candidates for the November 13 by-polls, with Congress fielding Tanzil Hussain and BJP fielding Diplu Ranjan Sarma.
Ranvir’s Portfolio (25-10-2024)
IMO – there are arguments for and against diversification which are well known
I personally feel that 15-20 stocks should constitute 80 pc of the portfolio. And that is what I try to do as well
For the rest 20 pc – I generally buy another 20 stocks ( say 1 pc each ) – as it helps me keep reading + learning about newer companies, sectors. Here – I am quick to add / sell, do a little bit of opportunistic trading as well
That’s what I do – broadly 
I think, there is no one way to skin a cat. My way is certainly not perfect – obviously
FPI selling in cash market tops ₹1 lakh crore (25-10-2024)
Sensex plunges 663 points, Nifty down 0.9%
InterGlobe Aviation – Indigo (25-10-2024)
Results are saddening. I put up a table to analyse if there are some green sides I might be missing. Here it is:
Analysis:
- Its Yield has decreased, revenue per passenger…
- Its Load factor has decreased, the occupancy of flight. More Vacant seats.
- Debt has increased and the pace of debt increment has also increased.
- Cost and Expenses have increased.
Not much of an exciting results. Only good things I could find were:
- Free cash flow has improved, working capital seems to be not constrained.
- Fleet size has expanded, potential of more revenue stream.
Some inferences I could make are:
- The pricing power of Indigo seems to be losing. A quick search of flights between metro cities will show you that Air India’s low cost variant – Air India Express has better pricing than Indigo in many cases, and where it doesnt have, it is just shy of one-two hundred.
- The Depreciation-Amortization cost had increased this time, may be a one-time high increment as new aircrafts join the fleet. (2k from 1.5K Cr)
- Aircraft related costs were also high as seen below
Overall, a setback results. Perhaps, next quarter may bring back the profitability given the festival seasons and launch of business class adding to top line.
However, yield, load factor, and debt would be very crucial factors to follow.
Discl: Remain invested. Above words not to be construed as any advice.
Brokerages remain bullish on IndusInd despite weak Q2 (25-10-2024)
Analysts expect bank’s performance to improve in a couple of quarters
Shakti Pumps – solar shakti (power)! (25-10-2024)
Results of Shakti Pump is fabulous YoY , as the base was extremely low. If one considers the results QoQ there is increase i revenue as well as net profit. The half yearly EPS is Rs 96.8 where as the entire year EPS for the FY 2023-24 was Rs 77. Company likely to touch yearly EPS of Rs 215 in the current FY. Lets see what the management says during the concall on Monday
shakti Pump.pdf (3.1 MB)
Smallcap momentum portfolio (25-10-2024)
@visuarchie , Hi vishwanath ji, your overall guiding principle is 50 DMA above 200 DMA…can this be restricted to 150 DMA?
In Stocks on the Move by Andreas Clenow, he has mentioned that, he stops buying new stocks ( replacing the exiting stocks) when the universe goes below 200 day EMA. And start selling the individual stock if it goes below 100 day EMA… Can this also be made 150 day EMA?
In some other strategies involving Stage Analysis, Stan Weinstein and Minervini suggest that they dont buy a stock if its below 150 Day EMA…although they dont have any guiding principle about market, but it seems they consider market index below 200 day EMA as a market without momentum.
What r your thoughts on this?