Quant Flexi Cap Fund started in 2008. Parag Parikh has more consistent upwards growth than Quant. Quant has performed well recently but one has to ask if they can survive the long period of irregular growth to get the benefit of this recent performance.
I was referring to Gravita India. Stock price was flat from 2010- 2020. So wanted to understand what are the triggers. Query wasn’t about Carysil.
China and Turkey, I believe.
HDFC owns nearly 95% of HBD financial services profit was about 6.4 billion rupees (640 crores) planning to sell 20% of the stake roughly at a valuation of 10 billion dollars which is about 85,000 crores
so the 20% of the company will be about 2 billion dollar’s 16500 crores will be converted from equity to cash in HDFC bank balance sheet
so as share holders our companies investment in HBD is getting converted to cash for us nothing more
no equity shares for us our company will own about 75 % of the company provided there are no more disinvestments
invested comments are welcome
Matrix gas & renewables not available in unlisted zone
Plausible that Indian firms flush with IPO/QIP funds are taking advantage of a liquidity crisis US/EU VFX studios are facing coupled with the issues related to writers strike etc, making them vulnerable acquisition targets
hello any view from any value pickr on the latest development
The stock doubled and is now down 20% from the pick
any one from Telangana who is using their products
Thank you for your views. Let’s hope for the best. Yes, the sector is poised for a massive expansion as we move from Thermal etc to renewable. Btw, who are their closest rivals outside China?
Suyog Telematics (STL) has approved to issue warrant on 12th Aug 2023 at price of Rs. 570 (vs CMP of Rs. 1,176)
Post the warrants promoter’s stake will increasing by ~10% from ~47% to ~57%.
What is the purpose of issuing warrants?
STL plans to triple its tower asset base by adding 10,000 small cell towers to the current base of ~4,300 towers over the next two years. Yes, its 10,000 and not a typo ie., 2.3x from the current capacity.
Total money required for the capex is Rs. ~600 Cr. (Rs. ~6 lakh per tower).
This Capex will be divided in two years.
In FY25, the company plan to invest Rs. ~250-300 Cr.
Source of money
The company is expecting Rs. 150-170 Cr through internal accruals in FY24 and FY25. Further, Rs. 60 Cr is infusion by the promoters through warrants.
The additional Capex may be through borrowings or further warrants issuance.
Observation
The allotment of warrants to promoters reflects their confidence in the company’s future prospects and commitment to its growth strategy.
While there is no clear guidance for the second-year capex plan. It is expected that the successful completion of the first year’s Capex will yield adequate cash flow for expansion in the second year.
Source – Bastion research