Smallcap momentum portfolio (06-10-2024)
Update for entry on 7th October 2024 (look back dates: 06/10/2023 and 05/04/2024)
50EMA (18004) > 200EMA (16082); hence, we can continue without any change.
Based on ranking:
- GET&D
- BASF
- ANANTRAJ
- HSCL
- GLENMARK
- INOXWIND
- SUVENPHAR
- PCBL
- MCX
- GODFRYPHLP
- PPLPHARMA
- JUBLPHARMA
- TECHNOE
- SIGNATURE
- NETWEB
- NEWGEN
- BLUESTARCO
- MOTILALOFS
- BIKAJI
- ERIS
Based on A → Z for easy tracking:
- ANANTRAJ
- BASF
- BIKAJI
- BLUESTARCO
- ERIS*
- GET&D
- GLENMARK
- GODFRYPHLP
- HSCL
- INOXWIND
- JUBLPHARMA
- MCX
- MOTILALOFS
- NETWEB*
- NEWGEN
- PCBL
- PPLPHARMA
- SIGNATURE
- SUVENPHAR
- TECHNOE
Exits:
DOMS makes an exit.
CENTURYTEX stays within the top 25 and hence remains.
Entries:
NETWEB makes an entry.
ERIS cannot enter as there is not vacancy.
Iris Business Services – Emerging SAAS Microcap (06-10-2024)
What is the reason behind the company hitting upper-circuit every day? Thanks.
Samhi Hotels – Turnaround with Tailwinds (06-10-2024)
If you were to see the slides shared by the management, few things that come out:
- this particular investment is cash accrual funded, so good news
- Basis the revpar (about 6k) of the nearby upscale properties as shared by management, current 142 rooms once upgraded have potential to make 32 cr annually and with additional 200 room once built, the total revenue easily exceeds 75 cr plus. Ofcourse there is going to be additional capex in upgradation and building new rooms but once completed the hotel with revenue potential of 75 cr is not a bad acquisition in 203 cr.
Basis my understanding this is how I read the acquisition and numbers are based on guestimates with the given data. Ofcourse management will clarify details on Monday conference call.
Microcap momentum portfolio (06-10-2024)
Update for entry on 7th October 2024 (look back dates: 06/10/2023 and 05/04/2024)
50EMA (24845) > 200EMA (21790); hence, we can continue without any change.
Based on ranking:
- PGEL
- IIFLSEC
- STAR
- VMART
- CHOICEIN
- WOCKPHARMA
- WABAG
- NEULANDLAB
- SARDAEN
- LTFOODS
- NAVA
- HERITGFOOD
- OPTIEMUS
- KESORAMIND
- TARC
- SANSERA
- GRAVITA
- ITDCEM
- SENCO
- INOXGREEN
- MARKSANS
- GRWRHITECH
- SYMPHONY
- PRUDENT
- JCHAC
Based on A → Z for easy tracking:
- CHOICEIN
- GRAVITA
- GRWRHITECH*
- HERITGFOOD
- IIFLSEC
- INOXGREEN
- ITDCEM*
- JCHAC
- KESORAMIND
- LTFOODS
- MARKSANS
- NAVA
- NEULANDLAB
- OPTIEMUS
- PGEL
- PRUDENT
- SANSERA
- SARDAEN
- SENCO
- STAR
- SYMPHONY
- TARC*
- VMART
- WABAG
- WOCKPHARMA
Exits:
SHARDAMOTR makes an exit.
PURVA and SUDARSCHEM remain within the top 30 and hence remain.
Entries:
TARC makes an entry.
GRWRHITECH and ITDCEM cannot enter as there is no vacancy.
Samhi Hotels – Turnaround with Tailwinds (06-10-2024)
They have/will fund it with internal accruals. In this fiscal itself Samhi will generate 225-250cr or FCF.
24cr of revenue in fy23 and fy24 was when the property wasn’t managed and operated by Marriot. RevPar will be very high post renovation to upper scale/upper upscale.
Microcap momentum portfolio (06-10-2024)
@SOMASHEKAR_A_C Hello, I went through the concept briefly. As you said it is very interesting.
My understanding is that it is very useful to study sector rotation. Typically, over periods of time different sectors perform differently. This tool can be used to identify which sector is weakening and which sector is doing well. After identifying which sector is doing well, the second step would be to check which stocks in the sector are doing well.
In our system, we are sector agnostic. We are not worried about which sectors are doing well. We are skipping this step and going directly to identify which scrips are showing strength.
That way there is a small difference the way we work every week.