First Detailed Presentation by Shree Ganesh Remedies:

The only reason for this sudden upmove I feel is that the market has now started to realise the value of the intangible assets that the company has which will keep on making money for the company for atleast next 20-25 years.

also the recent quarterly earnings growth of 13% yoy has given an indication to the market that the current year earnings will again easily surpass the 30% YOY EPS and Sales growth guidance given by the management of the company.

My Personal opinion: I am extremely bullish on the entire music sector and I feel that this stock can easliy cross 1000+ levels if the company posts another 8-10% QOQ growth (which is extremely likely given the mutiple tailwinds in the industry).

My current position size in the stock : 30lacs (20lacs invested amount)
My strategy : upwards average or pyramiding, I will keep on adding the stock at every 10-15% corretion and will keep a stop loss at 28 W EMA

I hope this helps

Aban Offshore is one of the companies that continue to puzzle me as to how they even exist. For companies in drilling sector, raising capital can be very difficult as banks are quite wary of extreme revenue cyclicality and high working capital of the sector.

Aban has failed to generate decent revenue even during high oil price environment and their continually worsening operating performance in the last few years raises question about their ability to run business.

Currently they have a debt of 15000 crores (not sure how they managed to raise so much money with poor financials and D rating) on a topline of 500 crores and an interest payout of 1000 crores. So essentially they are raising debt to pay off debt.

Unless someone bails them out, I will be surprised if this company will be around in next few years.

As for buying the stock, I’d not touch the company even with a 1000-foot barge pole.

If one is interested in drilling sector, Jindal Drilling is a better choice (not a recommendation) among listed Indian companies.