I believe all rights shares had already been credited last month. However, I did have to manually allocate shares on ICICI Direct so that it shows up in my portfolio.
Posts tagged Value Pickr
Tembo Global – Infrastructure proxy? (05-09-2024)
Textiles is trading only… low margin business
Tata Motors – DVR (05-09-2024)
Share price is a function of demand supply and market perception. How many years Tata motors and DVR were in profit to pay any dividend to signify that 0.5% more for DVR holders?
When they issued DVR they valued it at 90% of original share and how come the DVR value dropped to 70%? What is management reasoning for this?
Kitex Garments Limited (05-09-2024)
India’s textile industry is experiencing significant growth due to the uncertainty surrounding Bangladesh. This is beneficial for Indian textile companies. Bangladesh has achieved remarkable textile export figures over the years. In Q1 2025, Bangladesh’s textile exports were $10 billion, while India’s were $4 billion. Bangladesh’s exports were three times higher than India’s. Bangladesh gained this advantage due to its free trade agreements with the EU, USA, and Australia. I think a similar shift is happening in the textile sector now, like what we saw in the chemical sector.
Coming to kitex, Their massive expansion seems to have come at the right time. They are increasing production fourfold, from the current 5 lakh units of kids’ wear to 20 lakh new units at the new factory in Telangana. I believe they won’t face significant demand issues for the new factory, as the MD mentioned two years ago that they had already secured 8 new customers for material supply. Additionally, the uncertainty in Bangladesh and the expiry of their free trade agreements in 2027 will likely boost the demand for textile companies.
MD said that if the current factory were in Telangana, he would have made an annual profit of ₹250 crores, compared to ₹100 crores in Kerala. Additionally, the significant incentives for setting up the factory in Telangana, as opposed to Kerala, are expected to positively impact the company’s bottom line.
I am of the opinion that when a company can demonstrate real profits in its bottom line, the share price can rise, and the P/E ratio can be re-rated, even if there are some governance issues (such as the MD’s involvement in politics). As long as the business generates solid profits, I believe the share price will increase, and a P/E re-rating will occur. of course i am deserved to be wrong.
Disc – Invested from 150 level. views are personal.
RACL Geartech Limited (05-09-2024)
950a3746-d537-4465-a6a3-640f364cbfd1.pdf (146.5 KB)
To approve reduction
of the Annual Budget including Capex Budget of the Company for the financial year 2024-25.
Tata Consumer Products Limited (TATACONSUM) (05-09-2024)
The company is yet to credit the rights shares . The allotment has been finalised but the rights shares are yet to be credited in Demat account.
Deepak Fertilizers and Petrochemicals (05-09-2024)
Obviously, 10%/20% is relative to a business. Some businesses have few things which need to be ignored. So won’t comment about the safe limit as a blanket statement. But once you go through the AR for the company via screener. You should be able to figure out the nuances of the business and tax/GST demands. Cited few directly from the AR 2024. Hopefully this helps. IMO, i think its all safe wrt contingent liabilities
- MSEB electricity duty provision taken for
176 Lakhs (31 March 2023 :175 Lakhs). The same has been reduced from contingent liability
Deepak Fertilizers and Petrochemicals (05-09-2024)
hello, I was referring to this note: Deepak Fertilizers and Petrochemicals – #298 by Ashutosh_Sancheti
Zomato – Should you order? (05-09-2024)
Zomato added 400,000+ unique shareholders in the first six months of 2024, but does it move the needle in increasing the share price?
Buzz around Blinkit and Zomato has been rising lately on platforms like LinkedIn and X. Whether it’s the growth of quick commerce, with Blinkit as the largest player, or new initiatives and features launched by Zomato, including the upcoming ‘District’ app, they have been attracting attention. This, in turn, has led to many new retail investors buying the stock recently as the data shows.
BUT IT’S NOT ENOUGH TO MOVE THE NEEDLE!
While the absolute number of additions in 2024 looks significant, in terms of the total percentage of shareholding, it actually isn’t. New retail investors buying Zomato stock in the first six months of 2024 didn’t even result in a 1% rise in retail shareholding. This percentage is minuscule, especially considering that Alibaba Group just in August 2024 sold a 2.40% stake in Zomato in one go, contributing to a total of 43% shareholding being sold by various investors over the last two years.
One might assume there’s a frenzy with everyone discussing the same company, but that might not be the case just yet! Any thoughts?
Kiri Industries: Loan reduction and demand surge (05-09-2024)
This is simply not possible according to SEBI ICDR(screenshot attached)
Warrant subscriber has to pay 25% upfront which will be forfeited if they don’t convert. That’s a 125cr donation by the promoter family to the co if they don’t convert