SMIFS has given a Buy Rating post Q3 results.
https://twitter.com/SmifsLimited/status/1753687525015838748?t=nyfb0IfeT1RLPENuVuKUdg&s=19
SMIFS has given a Buy Rating post Q3 results.
https://twitter.com/SmifsLimited/status/1753687525015838748?t=nyfb0IfeT1RLPENuVuKUdg&s=19
Large Investors is showing some kind of interest and current MCap to sales 1.32X which one is lucrative proposition!!!
After Mangal merger, 0.75-1% margin expansion!!!
So more insight is coming in next quartets.
I believe of a large group of investors/traders to exist that believes that their stock selection (like the one above) will now start rallying again due to a bull run in Indian markets.
But this habit could easily lead you to underperform the market indices both over short and long term.
Its always better to trade and invest in economically conducive sectors/industry groups/pockets of markets than to chase for fallen stocks in hope for a decent return in it rallying back to its previous ATH’s.
For more context please refer this video.
Rohit, Its a great coverage and thesis. Well articulated. Am new to value investing and learning. I have a question on the valuation. Given company’s 35% growth projection, how to determine current (under/overvalued) and projected target price. My rough calc, at a conservative 30% yoy, considering industry PE 30, it should reach close to 1700. Is that right way to project a NBFC!!!
What you refer to as the recent budget was just a vote on account which is usually the case before any impending central govt election . It does not carry the full significance of a regular budget.
The other aspect of this question is about the impact of the announcement on various sectors. Regarding this I would like to narrate an anecdote which establishes the importance of not giving too much importance to announcements and news out in the public domain.
We were lucky to attend Howard Marks lecture at Mumbai few years ago. He narrated the incident as follows. According to Howard, one day his son came very excitedly to him and mentioned that he should buy shares of a particular automobile company because he read it in the newspapers that its latest model was selling like hotcakes.
Howard next asked his son “WHO DOESN’T KNOW IT?” If the news is out in the newspapers it is probably baked into the price, or atleast the bulk of it is built into the price. Similar is the thing you are asking, Who doesn’t know whatever is mentioned in the (so called ) budget announcement?
In this day and age of very quick transmission of news/rumours its futile to react to these kind of stuff. Instead its better to go through the old grind of tracking companies, doing detailed research and then take a call.
Maximum and quickest money is made when we can catch a company in transition at an early stage. That transition can be a laggard company entering growth phase, or a turnaround company heading towards successful times, finding sectoral tailwinds, a chart breakout, or chart breakouts in companies of the same sector, so on and so forth. We at VP are lucky that there are a lot of noble hearted folks who share their research and that too at an early stage of a stock’s journey. That is the time for us to buckle up and do full research to either accept or reject the idea.
Looking to the capex which Company is doing and with the Incremental Capacities Coming, It could be Interesting to Watch out the Upcoming Quarters …
Amit both Shyam Metallics and GPIL have very different business model and profit drivers. GPIL profits are largely driven by iron ore prices while Shyam Metallics is driven by conversion margin and value addition. Will post more details once we have done more detailed comparison.
Company shares Realsiation per ton for all products. For EBITDA per ton, you will need to make lots of assumptions
There are various contingent liabilities with respect to GST and IT, with appeals pending at different levels, but the one you referred is as below, (AR 2022-23 Page 106)
Guarantees issued by Bankers 77.78 crs
In respect of Bill/LC negotiated factored from Banks/Factoring agency 30.33 crs
I see few red flags in KMC specialty hospital.
Disc: Invested(reduced position in recent times)
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