Kishor Hi –
Yes I said that and I have good stake in Glaxo Consumer.
TTK Prestige especially after Nalanda Picked up stake at 2700 something
never stopped its journey and currently its too expensive for me to buy it,
I also believe that emergence of online platform has disrupted the business
model of both Hawkins and TTK prestige and unless they do something soon
they will start losing market share. Anyways I am positive but only below
3000.
P&G never corrected a lot. I keep on trading on it though for 100 bucks
time and again as it is safe stock to trade. Bajaj Corp is very expensive.

Pidilite has excellent growing and niche business model but I find it too
expensive. Have not done any intrinsic value calculations but at more than
40 PE I have no courage to buy for investments. Since I am an Architect I
meet lots of sales representatives of Pidilite about their products. Last
interaction at few weeks back suggest that they are finding it tough going
as there is a massive real estate slow down. Their water proofing and
insulation products are slightly expensive as compared to peers and even
the best of builders don’t look at brand in this area of building as they
need cost cutting. Fevicol and Fevistick are only growth drivers till real
estate picks up. My believe is fundamentals are good but the stock its
pricing too much expectations and there may be some disappointment going
forward. Stock may not correct much but there could be time correction.

Titan – Few weeks back I came across lots of start up apps with a business
model of renting out the jewellery. If this becomes a trend in future then
it many impact the Titan business though in small way. Titan is in a
business currently where you in need valuations at your side for
investments. At current valuations though it has corrected a lot I still
find little value.

As Warren Buffet Says – Investors of today will not benefit from
yesterday’s growth

Trouble brewing?

According to a media report, Quess’s (a subsidiary of Thomas Cook), IPO hit road block. There is a difference of opinion between Prem Watsa and the original promoters of Quess. The company had acquired 74 percent stake in Quess (earlier known as IKYA) in February 2013 for Rs 256 crore. As on September 8, 2015: Watsa’s Fairfax holds 67.86 percent stake in Quess. The remaining 32.1 percent Stake in Quess is held by Ajit Isaac and employees. Report says that Thomas Cook is against allowing Isaac to increase his ownership to higher than 25 percent. Quess contributes around 80 percent to consolidated topline and 50-55 percent to EBIT. CNBC TV18 has not verified the story independently and can not vouch for it’s authenticity

Read more at: http://www.moneycontrol.com/news/buzzing-stocks/idfc-sparcthomas-cook-among-todays-top-10-newsmakers_3185881.html?utm_source=ref_article

Quoting from this recent article

In recent annual general meetings, P I Industries Ltd and Bayer CropScience Ltd were cautious about their domestic agrochemical business and gave the impression that growth in the current fiscal year can be slower than last year, analysts say.

“On the back of three weak consecutive seasons, we expect working capital cycle is likely to deteriorate going forward. Generally, retailers sell agrochemicals on credit to dealers, which is to be repaid at the end of the harvesting season. From companies’ side, firms give credit of around three months to dealers. We expect debtors’ days to stretch further,” B & K Securities added.

This off course should not apply to the CSM part of the business as far as PI is concerned.

@remonc Your question about competition:

In general my thought is, ‘WHAT SHAILY MAKE WILL MAKE SHAILY ONLY” that is the way they are building up their relation with clients.

First of all we have to understand that Shaily is not a traditional plastic Moulding company. They are something unique in their approach. Shaily involved with their clients from the beginning such as Idea generation, product design, testing, Mold selection and till the end to finish the final product (In some cases for acquiring patents too). Very few companies in India providing that kind of complete solution to customers. It helps them to eliminate competition and will ensure them a long term contract with their clients.

Please check their last 10 years topline growth. Average 10 to 15% revenue growth for every year except one or 2 years. 32 crore from 2005 to 180 Crore in 2015.

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Positive Biased always

I tried getting a document that elaborates on the deal, from the MCA website. Although I paid for it, I couldn’t access it. Maybe other VPers can help..