Hii,
Sorry to differ from you.
The more better Metrics to check for a cyclical sector such as steel sector, cement sector or telecommunication sector is EV/EBIDTA as they carry high debt in balance sheet and have high gestation period.I think Jindal saw story has just began as it is still trading below median EV multiple.Generally, It peaks up around 12-13.
Disclaimer:- Started Tracking,Not invested
Usha martin daily GMMA chart presents a very simple analysis. Stock price has been in a range of 284-361 since July 2023 till date, which is nearly 8 months of range bound consolidation. ( this method uses short term and long term moving avgs and hence actual price on bar chart may vary from above mentioned range by a few rupees here and there, but we get an overall sense of the range, and can utilise it to our advantage. ) disc: invested, as disclosed before.
Time Techno update. cmp 249. Finally today the stock price managed to convincingly cross its previous all time high of 233 posted in 2018. ( disc: invested, added more during recent correction because of following observations)
Some observations during recent correction:
It corrected less than 20% from its most recent swing high. Swing high was 234, and during recent correction low posted was 189.
Stock price did not breach its 10 WEMA conclusively. Its 10 WEMA was at 199, and during two weeks of severe correction, stock price briefly went below this level but managed to close above 199 in both weeks. (Even if it closes below this level for a week or two, without going too much below it significantly, its okay)
It corrected to 50% of retracement of the last leg of the rally and held that level.
It was very quick to bounce back from support levels.
Stocks that rally above previous swing highs, or all time highs post a strong correction are the ones to watch closely to find out the next batch of big winners.
There is a clear change in market behaviour.I’m seeing lot of small and midcaps getting hammered in last two months. Ipos in the midcap and small cap are going down massively. What can be the reason?
What do you guys expect remaining of the 2024 to be ?
Any great opportunities to add?
Smallcap index is down from 17000 levels to 15000 levels
sir, how we come to know that management only lure investor . is there any stuff have you written please send me .
Hi Mehul
No idea about any big shots. / big investors. I am just a retailer individual. What i was able to find is discussed in that video.
Nothing more to add
Anybody tracking this?
Can someone from the industry help us understand at what BOPP margin would a pure play commodity player reach breakeven for EBITDA?
If commodity BOPP margins stay at Rs 8-10, and pure play players witness losses at these levels – we should witness some shutdowns at least.
Who was the buyer of Minerva Ventures shares ?
The actual pain area of the business is developed market and RMG in India. Some of the Key abstracts from the concall for better understanding:
Page 6: In the developed markets, the growth what you are seeing has been long awaited. First of all, in developed markets we were degrowing for several quarters. We were dealing with deeply internal issue and sorting them out. We knew we would sort it out because we had a clear action plan. We have to see the growth in that context. This is the growth that we deserved, which belonged to us but had evaded us because of certain issues. We fixed those issues decisively and won it back.
The bad news of CY2023, the subdued quarters of developed markets, will appear as better performance in CY2024 because as we build up from here you will start seeing much bigger year-on-year positive trends for developed markets.
Question on RMG: We have seen some sequential weakness because of RMG to some extent. Is RMG now coming to the base and we will see good growth from here on?
Answer: RMG has impacted us basically in the last two quarters – in Q2 FY2024 and Q3 FY2024. In Q2 FY2024, RMG impacted us in midway because of certain regulatory changes, which impacted the fundamentals of the RMG category and kind of ROI measurement these people do. There was a clear impact and last quarter we quantified it. This quarter the impact was bigger because typically bigger budgets were expected from RMG, but they were holding back. The impact was for the whole quarter Q3 FY2024 versus half the quarter of Q2 FY2024.Once RMG budgets come back, we will be the first company to take them on to a profitable advertising campaign and deliver value for them.