I read in an above thread that only 30% stations are controlled by MGL …
so the query is in regards to threat of remaining 70%…
I read in an above thread that only 30% stations are controlled by MGL …
so the query is in regards to threat of remaining 70%…
Management had aimed order book at 4000 crore by March 2025 and in June itself its at 3700.
Can you elaborate a bit on the MoS part? Why do you think there is no MoS currently in the company?
Most of these CNG stations are owned by MGL. Also, they have exclusivity to 3 GAs (Mumbai, Thane, Raigad). So, no one else can sell in these GAs. I think exclusivity for Mumbai is about to expire, if not already expired. But they have already set up huge infrastructure so they have a big first-movers advantage. Also, these assets have been depreciated. New comer will have to set up all assets from scratch so there is depreciation impact. Also, there is impact of interest cost (as they will borrow). Another impact will be land cost. Mumbai land is very expensive.
All in all, it will be tough for someone else to setup CNG stations in Mumbai. Do not forget they have PNG business too.
However, business has limitations. Remember only 3 GAs. 4th one if you consider acquisition from Ashoka buildcon.
Some notes on the above.
Therefore, I am confident of data from 10th to 14th. The previous week make still have some errors; I will try and fix it the same way over the next few days. I don’t think it will materially change the list very much.
Will check again coming weekend to see if the problem still persists.
Once we learn how to do this, the entire process is not too difficult. If people are interested, I can do a quick video to capture this process.
Great work Aadhar. Would you consider making this a Google Sheet? You could share the Google Sheet as “view only”.
That way folks can see your updated sheet live.
Update for entry on 18th June 2024
50 EMA (15590) > 200 EMA (14033); hence, we can continue without any change.
Based on ranking:
Based on A → Z for easy tracking:
Exit:
HBLPOWER, HINDCOPPER, INOXWIND and NATIONALUM make an exit.
Entry:
AEGISLOG, APARINDS, CENTURYTEX and GODFRYPHLP make an entry.
Right. Then you can think of a corpus number, have a return expectation, choose funds based on the return expectation and the time you have for the goals, and invest accordingly, also keeping in mind that linear returns are not guaranteed.
Not to mention that, as your knowledge and experience grows with time, you may want to change how you invest, where you invest. So today’s investments are not permanent.
OFS means existing shareholder are selling shares in IPO and fresh issue means new shares are issued in IPO. An IPO can be just OFS or just Fresh Issue or combination of both. Incase of OFS selling shareholders receive money, in case of fresh issue, company receives the amount.
Be it OFS or Fresh issue, it has no difference for someone who is applying in IPO and has no relevance in listing gains. It is as same as Fresh issue. There is no category to apply for OFS or Fresh issue. The reason why you are not seeing Hyundai IPO is because, Hyundai just applied for IPO with SEBI, there are lot of approval process pending. After all this they will announce date of IPO
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