Adani Ports and Special Economic Zone advanced 2.49% to Rs 1,443 after the firm informed that it signed a memorandum of understanding (MOU) with Rorix holdings to revolutionize the commodities market ecosystem.
Quick Wrap: Nifty Realty Index rises 3.05%, NIFTY jumps 1.48% (20-09-2024)
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Quick Wrap: Nifty Realty Index rises 3.05%, NIFTY jumps 1.48% (20-09-2024)
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KRN Heat Exchanger and Refrigeration’s Rs 342-cr IPO to open on Sep 25 (20-09-2024)
The company has long standing relations with Daikin Airconditioning India, Schneider Electric IT Business India, Kirloskar Chillers and Blue Star among others
Rupee logs best week this year, aided by Fed cut, portfolio inflows (20-09-2024)
Overseas investors have net bought more than $7 billion of Indian debt and equities so far in September, the highest monthly inflow since December 2023
Azad Engineering – A stock picker’s dream! (20-09-2024)
Great details and I completely concur!
I too have reservations about their capabilities and promises.
I checked the KMPs, effectively there is only one mechanical engineer, others from sales, finance, arts, and a CNC operator as a head of engineering and operations (no offense).
I have a PhD in aerospace engineering and have spent my time in turbomachine design and research. I can say with experience that building/even assembling a complex gas turbine engine takes a lot of experience, expertise, able people, etc even to make the best of the components.
I fail to see the evidence (pictures, videos, build plans, etc.) required for assembling engines in the public domain.
Regarding the finances, apart from nosebleed valuations, as others pointed out, there are big red flags in cash flows, inventory days (1055 days) and high WC.
Disc.: not invested.
Knowledge Marine & Engineering Works secures ₹19.27-crore contract from Mumbai Port, stocks rally (20-09-2024)
Under the 7-year agreement, the marine firm will supply high-speed vessels for security and VIP transport within the port area