Posts tagged Value Pickr
How to register with SEBI as a Research Analyst? (24-07-2024)
NISM provided PDF and online mock tests will help you clear the exam. It is not difficult, but you need to be sure of concepts and calculations.
Infosys Limited – Are we getting a discount or no? (24-07-2024)
Infosys Innovation Fund collaborates with UVC Partners
Though the amount is small (45 cr), this seems baby step in right direction. I want to see indian IT companies commit small fund for angel or VC fund and support and get benefitted by start up culture like infoedge.
But seems distant dream… in long past Narayan murthy as ceo of infy, infy invested small amount in startup - unfortunately it not went well with investor communities and Murthy has to commit not to do it again…
Infy may have good insight for such investment if… they are amoung first to allocate fund to openAI…
Oil India- has its time come? (24-07-2024)
Due to my upstream industry background I have been close to ONGC (my ex-employer too) and Oil India for many years and have good visibility into their operations. They continue to face challenges and are operationally very weak, lagging in metrics such as reserves replacement, cost of barrel etc. Cairn India (Vedanta) and Reliance are far ahead of them.
Having interacted with quite a few market experts in the last few years I get a feeling that many don’t really understand this business which is driven by geology.
India as a country lacks sufficient oil reserves within the landmass and last 40-50 years of exploration efforts have already proven that .
So Oil India and ONGC continue to invest capital in improving recovery from their existing fields but then they have also reached a point of diminishing returns (you have only limited hydrocarbon deposits which will last for a certain time period). OIL hasn’t found any major discovery in so many years which is key to reserves replacement. ONGC has discovered gas fields in the recent times but their major revenue comes from oil sales where again they haven’t discovered big fields in many years.
As for the stock price rises, I will probably link this to euphoria currently surrounding PSU sectors where narrative has pushed up their crazy valuations. RVNL, a company that used to trade at 7 p/e today trades at 70 p/e. Those who have invested in these counters will justify these valuations citing orderbook and they may be right.
When stocks of highly professional and efficiently run oil and gas companies (with better technology, access to capital and resources) globally languish this excitement about prospects of ONGC and OIL is both baffling and amusing.
Zaggle_A platform to address pain points for enterprises (24-07-2024)
You need to merge all the posts in one.
Praj Industries (24-07-2024)
Post budget
…Restructuring support to sugar sector:
In the last few years, there appears to be a structural change in the way Union Budgets support the sugar industry. Earlier, the support was mainly provided via general financial assistance, giving out loans for co-generation projects or for producing ethanol from alcohol. Now, the focus is singularly on the scheme for extending financial assistance to sugar mills for augmentation of ethanol production capacity.
About Rs 450 crore is budgeted under this scheme in FY25. This aligns well with the ongoing aggressive E20 mandates of the country where India aims to achieve 20 per cent blending of ethanol in fuel by ESY 2025-26 (ethanol supply year from 1 November to 31 October). The blending rate last year was 12 per cent and about 75 per cent of the ethanol for blending came from sugarcane-based derivatives…