I agree, someone might not sell when the move is like that crazy. But then again someone might sell to maintain the balance, you know, the greed. I dont see any logic behind this type of valuation in IREDA. I agree, the scope is huge, but it wont be achieved tomorrow. I will be not comfortable with a valution, which is already factored in the next 2-3 years growth.
Besides, there is other matter. I didnt get a chance to get in the initial phase and then it went out of my radar. I started buying at 118-119 level and the way down. so selling my top was to bring the avg down. Most of my buys are in the range of 101-107.
I am not saying I dont regret selling (it was wrong, as you said), believe me I do… but you know- “Bech ke pastao”

@jitendrajain17 any idea when it’ll move out of the 5% band and into 20%?

Also, where can one check this?

The relevant section of Income tax for gifts is section 56(2) and for clubbing of income is section 64. Though section 64 does not mention huf.

As investor, I am thinking is 770 good price for standalone business. Assuming HNG acquisition doesn’t go through, Even with current AGIs capacities if they are able to grow 15% with 15 to 18% margin, at current EV/EBIDTA below 10 i am wondering if it’s time to add more.

Btw, march is seasonally strong quarter, somebody shared on X that Soda Ash prices have come down.

Any thoughts here

Thank you sharing the initial summary @Surender . I am also tracking this for quite some time now as it repeatably comes in a lot of screeners. Unfortunately the company is not doing any investor calls or presentations. So very difficult to get any clear picture of any future prospects. For me right now the main concern is the deb/eq (1.7 as of 20 jan 2024). So hoping for their first investor call/presentation in future to get some idea.