Posts tagged All News
INR Extends Losing Streak; Firm Local Equities Cushion Downside (03-07-2024)
Sumitomo Chemicals ~ After Excel Crop Care Acquisition (03-07-2024)
That’s neither here nor there, no? I had seen this chart which you posted earlier too. It’s good input and makes one think about it further. Of course, as @Chandragupta pointed out, Sumitomo is a diversified conglomerate. They are not that in India. So it’s not an apples-to-apples comparison.
My question was only about your point that was critical of their innovation capabilities. My reading indicates that is not the case and I wanted to be better informed. But since you haven’t shared specific inputs there, I guess we can leave it here.
Sumitomo Chemicals ~ After Excel Crop Care Acquisition (03-07-2024)
This is what investors in Japan think about the company ( last 22 years performance of stock). Hope it helps to get a prespective as far as parent company is concerned.
Stock market update: Fertilisers stocks up as market rises (03-07-2024)
Rural Elect Corp (03-07-2024)
We are at the euphoria stage of the market. You and I have discussed this in out convos. Recent price action is completely out of whack with fundamentals.
What is the future, I am no guru to predict.
As regards to REC/ IREDA / PFC, look at loan growth and NPA to determine relative valuation for long term.
for eg: PFC has recently loaned the Shapoorji group some 15k crores for repaying old loans. Does it make sense. Is it part of their mandate.
Similarly, REC has started funding infra projects. Do they have clear understanding of the relative pitfalls. Infra projects in India are almost always delayed. Have they priced the risk.
I hold REC bought at current prices having but am doing so taking into account 15-20% dips and long term holding. If your outlook is shorter, maybe time is to take out profits.