Below is the demand supply projections for Indian Steel Sector by Kotak Securities. They are forecasting a drop in capacity utilisation as steel companies ramp up capacities together. Normally this would not have been a problem but given aggressive exports by China, steel prices can remain muted for longer.
Posts tagged Value Pickr
Rakesh Arora Steel Industry Presentation, 2023 (10-07-2024)
Sundaram Clayton (10-07-2024)
Hi.
Sorry for the delay in response.
Q1) I do wonder, how much of optimism is already built in TVS holdings CMP, because of latest SEBI special trading session for holding companies, the current auto sector bull run and the future potential of NBFC status. I would say my entry was in the hope of NCPCRS and the compression of Holding company discount.
I have tried the company with less than 2% of my portfolio size. Even though it more than doubled, It didn’t reach a position to cut my holding. Further I’m not ready to add more at CMP. As per my thesis I should have already exited. But I haven’t done that, I’m hoping to exit at the end of Auto sector bull run (don’t know exactly, may be using some technical analysis).
Q2) I have not studied well about the Sundaram Clayton, initially I thought it was the only company doing aluminium die castings, but later found that they have the competition and their major focus on Comercial Vehicles ( CV), I have exited in the initial sessions of trading and not following currently.
Hope this helps.
Rashi peripherals “Nvidia’s preferred gem” (10-07-2024)
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Walchandnagar Industries | Return of a Golden Era (10-07-2024)
The stock has well cross All multiyear resistance this morning and is trading at 347.64.
However, all seemingly never ending rallies have a cliff. Where do you see the cliff is?
EFC – Entrepreneurial Facilitation Centre (10-07-2024)
Open offer (in 2023) for Capfin by promoters of EFC in their personal capacity:
While better approach for the benefit of minority shareholders would have been to make this open offer in the capacity of company (unless Capfin has nothing to do with EFC and is a separate business by promoters), I don’t see it a red flag per se if promoters eventually merge it into EFC (like they are doing for furniture businesses etc)- even though it would be at a much higher price than open offer price.
EFC – Entrepreneurial Facilitation Centre (10-07-2024)
Most players enter into a cool off period where payment to landlord starts only when the property is ready for leasing out, so this reduces the mismatch between the initiation period of rent received vs rent paid. Also deposit paid to landlord is set off with deposit received from the clients, so reduces the requirement for funds, thereby reduces risk of equity dilution. Though it needs to be monitored.
Tube Investments Ltd ~ Diversified Engineering Company (10-07-2024)
If Marcellus has entered, it means it is now time for the rest of us to exit
Disclaimer: this is a joke.
MOLD TEK PACKAGING—dividend plus growth (10-07-2024)
over ownership is the biggest reason , some MF holdings have beat the drums & spread it to the last mile, these kind of stock doesn’t move easily when there is no local buyer left,
KDDL (Ethos Watches) – Scalable business model at an inflection point? (10-07-2024)
KDDL Buy-Back price fixed at 3700/-
The buyback of up to 2,37,837 (Two Lacs Thirty-Seven Thousand Eight Hundred Thirty-Seven) fully paid-up equity
shares of the Company, each having a face value of INR 10/- (Indian Rupees ten only) (“Equity Shares”), subject to
approval of the shareholders using a Special Resolution through postal ballot, representing up to 1.90% of
the total number of equity shares in the paid-up equity share capital of the Company, at INR 3,700
(Indian Rupees Thirty-Seven Hundred only) per Equity Share (“Buyback Price”) payable in cash for an aggregate
amount not exceeding INR 88,00,00,000 (Indian Rupees Eighty-Eight Crores only) (“Buyback Size”) being 22.35 %
and 12.06% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited
standalone and consolidated financial statements of the Company as of 31st March 2024, respectively.
Tube Investments Ltd ~ Diversified Engineering Company (10-07-2024)
Just sharing this interesting article on Tube Investment. It’s worth an in-depth reading.
I hope you find it useful.
dr.vikas