Akash Portfolio (10-10-2024)
Current portfolio:
- Senco Gold Ltd
- E2E Networks Ltd
- Trust Fintech Ltd
- Virat Industries Ltd
New entrants in my portfolio:
Trust Fintech Limited
Trust Fintech Limited specializes in delivering Software Solutions and Services across Banking, ERP Implementation, Customized Software Development, SAP B1, and Offshore IT Services.
It is a SaaS Product-focused company that is majorly involved in the Implementation and deployment of Core banking Software i.e. TrustBankCBS or MicroFinS.
New softwares like loan origination software, launch in ONDC network and expanding into new geography like US with the help of brother of the promoter should increase the growth in coming years.
Interview of promoter to get a feel for the management.
In conversation with Hemant Chafale, MD & CEO at Trust Fintech Limited
They have given good future guidance which has to be monitored going forward.
Virat Industries Limited
Virat Industries has been taken over by Mr. Bhavook Tripathi. He is a famous investor known for taking concentrated bets and holding for long term. He bought this company via preferential issue.
This is a special situation and what he does with the company needs to be monitored.
Open offer draft letter.
JM Financial initiates coverage on 2 general insurance stocks, signalling upside potential up to 32% (10-10-2024)
JM Financial initiated coverage on ICICI Lombard and Star Health with buy ratings. Target prices were set at Rs 2,400 and Rs 750, respectively. The brokerage firm expects strong growth potential and return ratios for both companies.
Arvind SmartSpaces: Will it make smartspace for Retail Investors? (10-10-2024)
Step up in pace of project additions :
Arvind has launched 4 projects, and it is expecting to launch min 6-8 projects during FY25 as multiple projects are in active discussion to get signed in the coming quarters
Brand recall
Using its strong brand recall in Ahmedabad & Bangaluru markets as it has managed to quickly ramp-up its foothold in housing market in these regions. They also entered into Surat with a large deal and already scouting for deals in MMR region.
MMR region can be big approx 20% of the project mix.
Personally, i guess we can model Arvind Smartspaces to be at par with other leading listed players. They are asset light and they did show consistent growth in pre-sales, they also have faster turnaround visible via OCF generation.
Pre sales in FY26 43% CAGR over FY24-26E
Embedded margin 27%
Do note OCF conversion ratio here is 50% of collection coz of shorter cycle for horizontal projects.
Sensex rises! But these stocks fell 5% or more in Thursday’s session (10-10-2024)
In the Nifty pack, 23 stocks closed in the green, while 26 stocks ended in the red.
Stock market update: Power stocks up as market rises (10-10-2024)
The 30-share BSE Sensex closed up 144.31 points at 81611.41
CarTrade Tech – A Multi-Channel Auto Platform (10-10-2024)
Cartrade
We wish to inform you that our shareholdings in the Company have increased to 3,395,611 shares, representing 7.193% of the capital of the Company as at 30 September 2024.