FII holding as of Dec-23: 20.25% vs. 16.85% prior quarter.
DII holding as of Dec-23: 10.45% vs. 11.57% prior quarter.
Posts tagged Value Pickr
Titagarh Rail Systems – Is this train finally moving? (05-01-2024)
Wonderla Holidays (05-01-2024)
I have been invested with my first buying at around 205 levels, at that time I anticipated 750-800 would be an ideal price. Although fundamentally it performed way better I don’t want to give up gains in case the market turns bad and this company falls more.
So, I am riding the momentum currently, and if the price reverses or breaks the support zone. I would exit and protect my gains. This is how I am looking at it, although there can be many perspectives from different investors.
Regards,
Investing Basics – Feel free to ask the most basic questions (05-01-2024)
IDBI Bank belongs to private sector.
Promoter holdings is 94.72%.
Shouldn’t it be max 75% as per SEBI rule ?
OR
does one of the promoter entries needs to be put in some other bucket?
Indus Towers Limited (05-01-2024)
I checked the second point – stock definitely seems to have reacted to that. But it looks like Indus is not very undervalued based on Brookfield’s acquisition price (If we assume ATC and Indus have the same type of towers).
Brookfield paid US$ 2.5B for 77k ATC towers, which is around US$32.4k / INR 27 lakh per tower. If we multiply Indus’ 204k towers by INR 27 lakh, we get an enterprise value of INR 55,080 Cr. This is slightly lower than current EV of Indus : 55,960Cr. market cap + 4,500 Cr. net debt = 60,460 Cr. EV.
However, I think ATC towers may not be as valuable as Indus based on the tenancy factors (1.54 for ATC vs. 1.79 for Indus). This points to Indus having more large towers (ground-based towers) compared to smaller ones (feather sites and antennas). If I multiply the EV by this factor (1.79/1.54), I get a total EV for Indus of 64,021 Cr. (slightly higher than current EV). Note: this is only my speculation, without having done a thorough asset scan of both companies.
However, one other tangible advantage for Indus is that there are fewer competitors in the field and more expectations for rational pricing (knowing that Brookfield would look to get a good return on acquisition price). So, there are probably lower chances of a price war now.
Sources:
Screener.in: The destination for Intelligent Screening & Reporting in India (05-01-2024)
@kowshick_kk Is there a way to build a screen to run against companies added in my watchlist(s) alone? Currently any screen runs against the entire listed companies space.
Ronak’s Portfolio – building it slowly (05-01-2024)
For example, in case of LTI mindtree , PE is 39 but if its earnings arr depressed from last 2-3 quarters compared to earlier period, then Its PE is not reflecting the correct picture. May be real PE is less than 20 but due to depressed earnings ,its showing 39. Just check its earnings compared to earlier periods and PEs too
Olectra Greentech – Electric Bus Opportunity (05-01-2024)
Quoting from the tender document –
i) 25% of the buses should be delivered within 4 months of date of issue of LOA,
ii) Additional 50% of the buses should be delivered within 7 months of date of
issue of LOA
iii) Balance 25% buses should be delivered within 10 months of date of issue of
LOA.
The LOA will specify the depot where the Buses are to be delivered and the same
shall be subject to inspection & acceptance of BEST.
Once LOA is issued,
600 buses should be delivered within 4 months
1200 buses should be delivered within 7 months
600 remaining buses should be delivered within 10 months.
Olectra really needs to ramp up production.
Varanium Cloud right issue (05-01-2024)
In their last Concall, the management had offered that they will give their facility and business tour for 30 shareholders every quarter. Has any shareholder undertaken this tour and any feedback thereof?
Eicher Motors (05-01-2024)
RE super meteor 650 retails around 5 lakhs (on road). It sells around 1000 pieces per month. I don’t know how many other brands can convince these many people to spend such a huge sum (a sum at which you can get a decent car out and running on road) for a bike.Triumphs and harleys at around 8-10 lakh range barely sell 100 bikes per month. I strongly believe 650cc will take off in coming decade. In India next set of growth may come from migration of 350cc customers to 650cc or 450cc.Classic 650 which is right now in rumor stage will be a good inflection point for the change.
Also Latin american market and east asian market may be a good growth engine as they can give some respectable numbers.
Dominance in European and north American market helps in building a premiumness to the brand rather than bringing raw sales numbers.
One thing which baffles me why brand is not trying to enter China given it has huge appetite for premium products.
Olectra Greentech – Electric Bus Opportunity (05-01-2024)
Source is bidassist, it is a paid service I use for my business.
BEST cancelled an order of 700 ebuses in 2023 when the bidding company was not able to fulfil the order on time. Will dig deeper and get back on the timelines of this tender.