DLF के Growth और Real Estate Sector पर Outlook | Ashok Tyagi | Sriram Khattar | Nikunj Dalmia

Want to know your investment horizon, and reason for selecting this company. Its implied growth is negative, reverse DCF method.
Return ratios are also not that much attractive, but a stable company.

One should always be careful when a small company with barely operations starts showing extra ordinary performance with 4-5 x top line and margin improvement in a space of a few years without any fundamental change in business model.

Just 2 mins look at Gensol’s numbers should dissuade any right-minded investors from putting a single penny in the stock. There are so many red flags. Yet somehow retail investors ended up buying shares offloaded by promoters.

It’s very hard to not fall prey to addictive combination of bull market, management story telling, and social media frenzy created by operators. All that is converted into koolaid by retail lapping up feel good narrative about the sector and the company.

We saw the same with EKI energy. A dramatic and inexplicable turnaround in their fortune. A mind bending rally was followed by precipitous fall when management was caught with their hands in a cookie jar. Unfortunately but not surprisingly, since then, retail participation in the stock has gone up by 60-70%. I guess some of that will be hapless investors who are trying to get their price by continuous averaging while others entering the stock, attracted by steep “discount” in stock price. I can go on and on citing similar examples.

I will be going for a plant visit next week. Let me know if anyone would like to know about anything specific or any questions for the management.

No idea but directionally I believe HDFC life should do better in 2024 for two reasons. One is of course easing of valuations and second is potential catch up rally that could play out in large caps with underperforming large cap quality stocks getting flows.