As per me following things can happen going forward this includes some prospects as well as observation on recent scuttlebut:

1. Assets in north india (Near chandigarh were always under valued to avoid taxes)

2. Raipur manufacturing got merged last year only, that asset was worth 200-300 cr producing revenue on conversion basis for parent before merger.

3. All locations, they have huge land parcels, buildings are getting added now. Land value actual and Book always had big difference for them because they were procured in 2000’s and 90’s mostly and they follow cost model for subsequent measurement as per IndAS 16 “Property, Plant and Equipment.”

4. Likely to add fresh 500cr assets over next 2 years like one announcement earlier on 2nd March and 9th April but with lower asset turn in future because now the assets based will increase as new capex is done on today’s price bit still they will have decent asset turnover relative to industry peers

So the company used to do other work of pipe making from its sister concerns prior to the merger of all into the listed entity and now they plan to go completely backward like hariom pipes, sambhav sponge (unlisted player in raipur)
So the overall prospects looks good to me going forward.

I agree with the views and would like to add.

The most important criteria for deposits appear to be 1. safety factor followed by 2. interest level and then 3. service levels. This is strongly indicated by the fact that PSBs continue to have major share of deposits despite low savings interest rate and indifferent service levels. If the govt were to withdraw their safety guarantee, I am sure the deposits will tend to evaporate.

Therefore as long as the bank meets the criteria of a particular class of customers, the deposits will remain sticky. In my opinion Customers/deposits are sticky due to the characteristics of the glue( composite offering by the bank) and not the other way round. Every Customer needs a bank for his deposits without any other option and will shift to another bank only if he gets a distinctly superior package of safety+ interest rate+service.

HDFC is popular because everybody you transact with has an HDFC a/c and transfers are smooth and instant. It has Large network of branches and ATMs and service levels are good. They charge you a premium through lower interest. IDFC is however doing well in building credibility and trust, which is the most important factor. But they have a long way to go to achieve the status of “too big to fail”. They seem to have already achieved “too important to fail”. Their service levels are the best in my experience and a 7% interest in savings a/c is a powerful magnet.

It’s falling continuously from top. Any negative news?
Even though the business is reasonably valued.

high gambling going on ( pump and dump scheme )

1. many previous comments are deleted , one of comments contained 3 mutual funds doing interview with sirca

2. my comments are also deleted , one of the line in paragraph comments contained there was no reason for sirca to go 304 to 350 , i publicily commented on this forum

these gave me insights Mutual funds or High HNI Trader or gambler is playing pump and dump scheme to fool the market and investors also smart money is buying sirca

because HDFC mutual fund were the ones who interviewed ,

Mark my words , sirca will not fall till 295 or 250 , why i am saying 250 , because gamblers are fool and can do anything with money

Paints sector is weak but this fall is not justified ,
example
i have learned my lesson from FCL , i commented on valuepicker why FCL is on 205 from 340 or 400 52 high price ,gamblers pumped up price , even promoters bough it ( promoter buy was fair buy but gamblers bought after my comment )

now just wait and watch the show on sirca paints what they are doing
because fundamental investors there is no need to worry

thanks to aayush mittal for teaching me learning fro failures or mistakes why stock is not running
first time , there was no reason to sirca to go 304 to 350 at that time
now , sirca was now fairly valued , so gamblers have brought price to 309

if we all agree , 309 is fair price , then it should not break 295 or 250

it all is game of fair value and margiin of safety

All these topics comes under value investing ( note for admin to not delete the post _)

i am not sebi registered analyst , please do own research before investing, above all comments are biased opinion , as i am already investor in sirca

thanks to gamblers , we can buy more sirca or average it

2 types of ending
If it is fundamental mistake

We will know the real reason for in coming concalls and stock will be fall and averagely priced

Or

Sweet Concall would be happened , price will rise

now just wait and watch the show on sirca paints