Portfolio Update - Period of inactivity in this week except nibbling at Edelweiss and marginal increase of stake in Axis. Portfolio performed slightly better than Nifty benchmark.
Some positive news on Biocon - lets see how this pans out next few weeks. The consolidation with a slight upward bias in L&T finance and DHFL is inspiring confidence. Lupin now seems to head to 2400 before another consolidation happens.
(post withdrawn by author, will be automatically deleted in 24 hours unless flagged)
(post withdrawn by author, will be automatically deleted in 24 hours unless flagged)
NIM is function of leverage as well. I will look at RoA for judging the quality of business.
That's a positive for early buyers like us. Such reports help company visibility to the market. Expect the average volumes to increase gradually
Came across a blog posting on this company recently -
https://alphainvesco.com/blog/take_solutions_stock_recommendation_september2015/
Disc: not invested
a small observation. recently i was in a mall in bangalore. it was a weekend. spent about 15 mins in a jockey store checking out things. to my surprise, the billing counter was occupied all the time. i had to wait for more than 5 mins in the q to mine billed. at the same time, there were so many other stores like Allen solly, peter England ( not comparable. but still saying) with hardly any footfall.
sorry about talking about stock price performance. this has crossed 300 despite repeated bad results. trading at a pe of 44. ( may not be fair to value based on pe considering that earning depressed. but still). this really puzzles me.
Thanks Hitesh. The footwear business seems to be a drag. Once that revives they will have better days.
Regards,
Raj
I dont track natco so dont have any views on it.