Posts tagged All News
4,010 (19-07-2024)
RIL Q1 Scorecard: 5 key takeaways for investors (19-07-2024)
Reliance net profit drops 5% in Q1 on weak O2C biz (19-07-2024)
Rising F&O trade becomes macro issue now, household savings going into speculation: Sebi chief (19-07-2024)
Bulk Deals Bi-Weekly Log (19-07-2024)
Bulk Deals Daily Log
12th Bulk Deals Log
Date: 19/07/2024
NSE Link: https://www.nseindia.com/report-detail/display-bulk-and-block-deals
BSE Link: BSE Equity : Bulk Deals
I think the NSE site will be updated by tomorrow for the bulk deals. Let me just take you through the BSE bulk deals for now.
- Goblin India
The brief story looks something like this for the company: It is a retailer of luxury luggage that defaulted on loans in 2022, restructured them and has recently announced expansion in production. The sales and profit uptrend post the default is clearly visible and now they have a big investor, Dheeraj Lohia who has bought some shares. It looks slightly tricky with the small market cap, but is definitely worth a look.
Investor who bought: Dheeraj Kumar Lohia
Number of Shares: 1 Lakh Shares
Average Price: 42.27
- Hemant Surgical Industries Limited
This company sells medical equipments to several clients outside of India. One of their clients is Japanese and another is Chinese. Which makes me think they are doing something right both with regards to product quality and costs. This can be an interesting company to look into although the sales not growing as fast could be a concern. But there are huge volumes in the share and a sharp upward movement, I wonder what is happening.
Investor who bought: Gaurishankaar Jhalani
Number of shares: 75,200
Average Price: 203.83
- Navkar Corporation
Full Disclaimer: This is a story I have an investment in.
Basically it is a poorly run port based logistics company that was taken over by JSW through an open offer. JSW is a big player in the ports ecosystem, second only to Adani. The company was taken over near a book value valuation, JSW has the capacity to turn it around, with a big investor entry, I believe, they also have the intention to execute the turnaround. Margin of safety is ensured only when you buy close to the open offer price or the book value.
Investor who bought: Stallion Asset Private Limited
Number of Shares: 17.16 Lakh Shares
Average Price: 125.3
I’ll post the other list, which is all about the breakout stocks that Quant Firms traded once the data for NSE is available too, it is not showing on their website yet.
Stay tuned for the next log.
Wipro ADRs fall nearly 12% on Q1 revenue drop even as PAT beats estimates (19-07-2024)
Sealmatic India Limited (19-07-2024)
I had invested in Sealmatic from ~350 levels because of (a) what seems to be a decent market size, (b) promoter who is very experienced in the business, (c) transparency that they are not necessarily better than the big 3, but at par and what separates them is quick responsiveness and turnaround times that results in customer delight, and (d) sticky product offerings.
My concerns were (a) what seems to be a sub-par CFO, unable to clearly answer cash flow related queries on investor calls (b) the fact that they raised capital in IPO for working capital, and (c) negative cash flows - which are expected to turnaround in the “golden period” when maintenance revenues kick in from Fy 26-27 onwards.
Given the recent numbers, which are a little disappointing, surge in valuation, and incessant meaningless press releases, I have exited my position recently.
I will continue tracking the company to see if they are able to execute as planned and reinvest if they are, even if that means I would give up a portion of potential gains.
F&O growth in past 3 years has prompted rethink on norms: SEBI chief (19-07-2024)
Nuvama Wealth Management: Proxy to Affluent India (19-07-2024)
- Nuvama has announced dividend payout at this quarter results.
Angel One: Metamorphosis into a Fintech? (Previously Angel Broking) (19-07-2024)
Can someone help me out with the view on Angel one. Valuations seem attractive . However , I am cautious about sustainability of earnings with the overhang of SEBI actions.