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Posts tagged Value Pickr
Akash Portfolio (27-01-2024)
Very roller coaster type journey. So currently how much % into stocks and MFs?
Also whats ur opinion about Flexicap funds who have given arpund 20% CAGR in last 10 years and some small cap funds who have given 25-28% CAGR in last 10 years?
Jupiter Wagons Ltd (previously CEBBCO) (27-01-2024)
Where is JWL headed?
I see they are now venturing into new businesses, aside from just the wagon’s.
- railway brakes
- EV commercial pickups
- marine containers
What are your views on this?
Is it positive and will it open new growth avenues and potentially build JWL towards a solid player. (Will it overtake TWL/Texrail)
Ideally, if they max out on their wagons production 8-10K / year – then these new businesses should propel the company into new directions and new revenue streams.
Wondering why the broader market hasn’t valued these developments, it’s not seen in price action/volumes.
What does the market know – that’s preventing it from jumping in on Jupiters wagon?
Invested at lower levels, and in thoughts.
Sandeep Kamath Portfolio | Momentum Investing (27-01-2024)
Hi All,
Although I have been around for a while on this forum, I haven’t actively contributed/participated and in fact this is the first time I am initiating a thread.
About Me → I trade for a living – am a full-time day trader. I also have started a Mutual fund advisory service. Prior to trading, spent 17 years in the IT industry during which I got into the markets in 2013. Used to buy/sell stocks purely on the basis of fundamental analysis. Liquidated everything in 2018-2019 to close out my home loan…post-that, I quit the IT industry to become a full-time trader. Now, its pretty much everything in mutual funds ( that I pledge to get the required margin for intraday trading ).
So while this being in place, I got interested in Momentum investing sometime last year. Over the last few months, I spent a lot of my free time to write backtesting programs to try and close on a framework. Idea was to drill down to a strategy that has the combination of optimal returns and controlled drawdowns. Just last week, I did manage to close on this and have initiated a portfolio for myself.
This portfolio has been initiated just this week so nothing to report on its performance. This is purely price-based at the moment. Going forward, want to add a couple of filters from a fundamental standpoint as well but havent yet been able to close on the same. Kicked off the 20-stock portfolio nevertheless. Universe I have chosen is Nifty 500 and I essentially look at 6-12 month returns to rank the stocks.
From a timing standpoint, this is probably a bad time for momentum investing considering the run-up we have had but then I also thought the next few months will test out the resilience of the portfolio. Lets see how it goes.
Will be happy to get more insights on Momentum style if there are any practitioners here.
Piccadily Agro Industries Ltd (27-01-2024)
In the thread above, I couldn’t find any place where it has been stated that the revenue based on Indri alone would be thousands of crores. At best, it is implied that the EBITDA could be 300cr from Indri based on 25% margins for single malt (which implies a revenue of 1200cr) which is based on 20,000 bottles per day capacity the management is aiming for.
Also, please bear in mind:
- the domestic Indian single malt market has been growing at >20% for last few years which means market doubles every 3yrs
(in fact, Indian SMW market grew by CAGR ~50% over the last 5yrs – Piccadily Agro Industries Ltd – #79 by anon ) - a large portion of production – almost 25-70% based on brand – of Indian single malts is exported so it wont come under domestic market size
- in 2023 Indian single malt sold more than the foreign scotch whisky.
- There is a growing trend from mass market to premiumization as was stated by Diageo in their recent earning call.
Finally, please note that Indri is only a small part (at least currently) of Piccadily Distillery segment – they have a number of other products/brands as well as malt spirit, ENA and ethanol biz and also setting up a new dual feed distilley in Orissa which will be operational by Sep 2025 under GoI’s ethanol programme.
Rain Industries – An oversold de-leveraging play (27-01-2024)
I was just checking balance sheet where I can see Goodwill as % to Networth (82%) is really very high, Any big headwinds in overseas business can result in Impairment of goodwill, this could be the reason of Low P/B, Mr. Market is quite smart to value the business mostly.
Any thoughts on this?
Genus Power – Smart Metering (27-01-2024)
It is conversion of warrants.
https://www.bseindia.com/xml-data/corpfiling/AttachHis/cd89fbd7-693a-4e78-a8ae-3ac1fe568305.pdf
Sigachi Industries Limited (27-01-2024)
OVERVIEW OF CONCALL Q3 FY2024 :
The company has been experiencing strong growth with a top-line CAGR of 25% over the last
five yearsWe are currently in the process of expanding our MCC capacity by more than 50%, increasing from approximately 14,000 metric tons per annum to more than 21,000 metric tons per annum.
Acquired 80% stake in Trimax BioSciences, a leading API manufacturing company
The quantity of MCC demonstrated a notable increase over the year-on-year growth of 12.04%
increasing from 9,850 metric tons to 11,036 metric tons
Federal Bank – A Turnaround banking Story? (27-01-2024)
Federal Bank has consistently delivered NIMs at the bottom of the curve (competition is far ahead). While so far the Provisions have been limited, we don’t know the future, given proposed changes in the asset profile. So far the aggression in its asset profile hasn’t resulted in improved NIMs
Going ahead the fight for deposits will only intensify and the interest rates (on assets) are going to start falling. In such a scenario, with such lower NIMs how will it sustain profitability
Migrating out of Zerodha (27-01-2024)
Yes do update @Rejulal
Another point I find annoying is
- forces you to buy via BSE as default, unless you manually select NSE.
- Holdings – if you select to see graph/depth etc it shows in BSE and not NSE
There is no option on settings to set NSE as the default for buying.
I guess it’s because Zerodha has invested in BSE.