Bankable | Equitas SFB's PN Vasudevan On Lender's Journey | NDTV Profit
PN Vasudevan’s latest interview explaining their business model in detail.
Bankable | Equitas SFB's PN Vasudevan On Lender's Journey | NDTV Profit
PN Vasudevan’s latest interview explaining their business model in detail.
One should always be prepared for a 25 to 30 per cent fall even in the best of companies when the market corrects. A good company will bounce back.
Update for entry on 15th July 2024
50EMA (22216) > 200 EMA(19418); hence, we can continue without any change.
Based on ranking:
Based on A → for easy tracking:
Exits:
ITDCEM, TARC and ZENTEC make an exit.
Entries:
ELECTCAST, SCI and TIMETECHNO make an entry.
Technically, the price buildup is very strong and we are closing in to ATH levels.
Fundamentally, quite undervalued, especially considering the current market dynamics.
Climbing the wealth ladder : A very interesting read.
If we use the 0.01% threshold as a guide, a working-age adult could use the following amounts to determine their wealth level (note: the x-axis is a log scale):
I choose these specific levels because, for each category, the marginal spending decision represents about 0.01% of the net worth level shown. Let me explain.
Let’s say you are at the grocery store and you are deciding whether to purchase a dozen eggs for $1.99 or a dozen cage-free eggs for $2.99.
If your net worth was $1,000, this single choice (paying $1 extra for cage-free eggs) could have a slight impact on your finances as it would represent 0.1% of your total assets. However, if you were worth $10,000 (or more) the decision to spend $1 more would likely be trivial to your finances since it represents less than 0.01% of your wealth.
Nevertheless, we can extend this thinking to more expensive spending categories as well. For example, imagine you are in a restaurant where you are deciding between a burger for $15 and salmon for $25. If your net worth > $100,000 then the $10 difference is trivial (<0.01% of net worth). If you continue to scale this logic upward you will see that the marginal impact of a single decisionwithin each level of wealth could be as follows:
- Level 1. Paycheck-to-paycheck: $0-$0.99 per decision
- Level 2. Grocery freedom: $1-$9 per decision
- Level 3. Restaurant freedom: $10-$99 per decision
- Level 4. Travel freedom: $100-$999 per decision
- Level 5. House freedom: $1,000-$9,999 per decision
- Level 6. Philanthropic freedom: $10,000+ per decision.
When you view wealth in this way, it looks more like steps than a smooth, ever-increasing line. This is because most people in the same level of wealth consume in much the same way. If you are in level 3, you don’t fly private and you only fly first class if you are lucky enough to get upgraded. If you are in level 1, you rarely fly.
More importantly though, the best way to climb the wealth ladder is to spend money according to your level. If you are in level 1 and you book a vacation without caring about the costs (level 4), then you won’t progress further up the ladder. Until you have the money to spend frivolously within a level, you have to be strict about your spending in that level. Get this right and you have a far better chance of progressing up the ladder.
Great in-depth write-up.
The most significant risk is Regulatory. The government may cap the earnings per tonnage of waste.
Waste management is an essential commodity business, and the government may not allow companies to profit excessively from it.
A few past examples - IEX, Noida Toll bridge
I also love this waste management ( or even water management) space, but the regulatory risk is just TOO MUCH.
I am not invested. I’m just putting my thoughts.
dr.vikas
Dear Hitesh Sir
I want to know how to find a reason why a strong fundamental stock with good valuation falls and sometimes correct 10-15 % from there high. How a retail investor should be cautious from these type of events.
Please share your views
Thanks
DXY Breaking Down
A classic Head & Shoulders pattern on DXY …if it works out …it is bullish for Gold/Silver and Emerging Markets (EMs) Equities (including India)
Let’s wait and see how it plays !
Nirmal Bang view on SCIL
We have marginally revised EPS estimates and raised target PE from 32x FY26E to 38xJune’26E based on healthy EPS CAGR of 40% over FY24-FY26 - implies PEG of 0.95x. The higher multiple is on the back of improved outlook for FY25E/FY26E in terms of margins and earnings growth. The new PE compares with median PE of 42.1x.
Key catalysts:
Healthy monsoon forecast – already the deficit has turned into a surplus for Kharif FY25,
as per latest rainfall updates.
La Nina is likely to set in over the next one month which is a positive for agronomical
conditions.
SCIL launched 6 new products in FY24 – 3 herbicides, 1 insecticide and 2 fungicides
Agrochemical input prices and de-stocking have mostly bottomed out, as per our channel
checks. Also, SCC Japan’s latest PPT has presented a bullish outlook based on
revival in its CPC business for April-March’2025 (FY24 as per SCC norm)
SCC Japan is also focusing on more sustainable bio and botanical products for crop
protection based on its vast experience and R&D expertise; this is in line with its focus on
regenerative agriculture, as per SCC’s April’24 strategy PPT.
SCIL’s new product launches as well as capacity creation are aimed at securing further
business in Agrochem and Specialty Chemicals. SCC Japan is shifting focus to
regenerative agriculture, specialty chemicals for mobile display (OLED) and power
semiconductors - according to SCC’s strategy PPT.
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