Axiscades – Did whiz-kids get conned?
Ace investors Ashish Kacholia and Hiren Ved’s Alchemy Capital appear to have been taken for a ride in Axiscades. They bought the stock in March 2015 with great fanfare amidst tall promises from Sudhakar Gande, the CMD, that Axiscades would see “very high growth” and “high profitability” in the foreseeable future. Since then, some skeletons appear to have tumbled from the cupboard. The stock has been extremely turbulent and is oscillating between the upper circuit and the lower circuit on alternate dates. As things stand at present, the whiz-kids may have lost nearly 40% of their investment in the melt-down.
Hawkins – Basant Maheshwari’s “Stock pick for 2015” has not lived up to expectations:
Basant Maheshwari’s supreme confidence in Hawkins Cooker can be gauged from the fact that he declared the stock as his stock-pick for 2015 in a blaze of publicity. Also, given his penchant for a concentrated portfolio, Basant probably holds a big chunk of Hawkins in his own portfolio.
Sadly, a series of poor quarters coupled with a high P/E means that investors are unwilling to indulge the stock much more. The high dividend payout has, however, saved the stock the blushes though the opportunity cost is high.
Dolly Khanna appears to have done the sensible thing by exiting the stock when the going was good.
Vaibhav Global – Will this seller of trinkets on TV ever rake in big bucks?
Prof. Sanjay Bakshi is normally very reticent about his stocks. He made an exception for Vaibhav Global and wrote a detailed eulogy on why the stock is so great.
However, the business model of selling cheap trinkets on TV to bored housewives has not fired so far and the stock has lost serious ground after a poor Q3 and Q4FY15 performance.
J&K Bank, South Indian Bank – No freedom from NPAs:
Mohnish Pabrai’s return from exile by buying truckloads of J&K Bank and South Indian Bank was greeted with great excitement by his legion of fans. Sadly, his stocks have so far not given any reason for joy owing to their surging NPAs.
Hope Mohnish Pabrai does not lose heart and decide to go back into exile.
TV Today Network – when will digitisation bring in the “game changer” gains?
Radhakishan Damani, the newly crowned Forbes Billionaire, and Ramesh Damani have pumped in large parts of their wealth into TV Today in the fond hope that digitisation will prove to be a game changer and bring in mega gains.
So far, there is no sign of the “game changer” gains that digitisation is supposed to usher in. On the other hand, poor Q4FY15 results led to the stock plunging like a ton of bricks. How much longer will it take for the mega gains to come by?