I would tend to agree with this observation.

ICICI Bank and ICICI Direct web site was down for more than 4 hours just few days back (I do not remember the exact date), so these technical glitches are across the Banks.

Sometimes those are not reported widely by Media.

Hence, as long as business is good, an investor should focus on the business fundamentals.

Off course in this case, fundamentals will be impacted to some extent but keep faith in your conviction and management’s capability to overcome such tough situations.

Probably they were little less cautious earlier and Hope that, they will learn a lesson and turn around the situation like many other banks.

Disclosure : Invested in Kotak Bank in the past 2-3 years.

So from the con-call it appears that Management doesn’t anticipate a scenario where the ruling is not in their favor (as in there doesn’t seem to be a plan B with regard to future growth). So let’s hope their confidence holds good. One point that I couldn’t quite grasp was the condition subsequent to acquisition of HNG to sell their Rishikesh unit (400 TPD capacity) which is a voluntary modification action from AGI. Anyone can shed more light on this?

This was not discussed in last concall at all. Interesting to learn more and which companies may get benefit?
By the way following list point out treaty with India government. US is not included. Canada and UK is included.

D: Invested

Basis the Q4 results & Management commentary on concall, have tried to extrapolate the financials for the coming years. Basis the same, at 20k Cr Mcap, it is valued at ~27x FY’26 projections. However, orderbook gives an opportunity to execute more + New order additions in FY’25 can add more to FY’26 topline.

Key assumptions:

1. Realizations hold at Rs.5 / MWt for next 2 years
2. EBITDA guidance of 15%+ for coming years
3. Mgt. has guided for debt free by H1 of FY’25 and no further capex in the next 2 years considering capacity is already built for 2-2.5 GWt. Hence the overall interest and depr cost should start tapering down as we go ahead.

Disc: Invested

Hang Seng index is in a bull market thanks to these stocks | Invezz
Although its premature China investments have started doing good for me in my personal portfolio.