Kalyani Cast Tech Ltd IPO Message Board (Page 3)

From the bottom of my heart I thank you for your kind wishes. I pray the Goddess Durga to bless you with all the best throughout.

Can’t agree more with you @PKRAJ  sir.
My best wishes to CG members.
Very happy and prosperous Diwali to all.

Happy Diwali @Mr PKRAJ Sir..I prey Ma Laxmi bless you with health & wealthy life
Also Happy Diwali to all the CG members

Results were very bad...

Terrible results

markets overreacting , less profit was due to increase in manpower which is what a initial stable business should do.

Agree with @Manan Surana bhai.
I will add next week, let the dust settle. Will probably get it in 2 digits on Monday.

I already sold all allotted lots at average of 138 as retailers are averaging to recover there losses but it keeps on increasing . This stock is not positive since listing and this is my biggest mistake to keep holding for few months against my policy. Hope to recover soon for the remaining persons who is still holding.....

I also booked the loss in this bakwas..fundamentally weak share.. Sold @140..

​@diwan kapoor ​ how is fundamentally weak sir kindly explain?

@Manan Surana ji.. If any company has a sound business model.. & reasonable top & bottom line..than the share must bounce back.. In my 35 years share market experience I have learn this from the market..
I am neither much convince with their staffing/placement job nor with mobile trading business.. This type of price correction only happen with a weak business model company or with those companies which have a corporate governance issues..
I may be wrong here.. So do not go with my personal view.. Use your own experience.. &
Have a nice day.. 🌻

I had not applied in this Spectrum. It was over priced in my opinion. Not going to say more. Our senior HNIs were positive on this and they had bought good quantity. Sometimes it's very difficult to predict any share. It was not subscribed in good number also.
Unfortunately this share never touched it issue price and today about 20% down, touched it lowest. In these circumstances I am going to that @PLAZA  and @diwan kapoor did good exit. Whenever any shares goes down and down, the investors have to say it's fundamentally weak shares. In SMEs nobody can be 100% right.
I am not able to understand how members are allotted so many SMEs. No doubt they are HNI investors with good appetite to bear losses.
To take risk at this time may not prove to be a good decision. I may be wrong. Anything can happen in future.
Please don't take this post as personal by anyone member.

​@diwan kapoor Sir, with due respect, I agree that this quarter results have been very bad but the top line growth is visible. I think they have also discontinued their mobile trading business which was profitable and that has dented their top line and bottom line for the time being.

Reserves have increased and borrowings are negligible. Current ROCE is 46.5 percent.

Inspite of such bad results, stock keeps coming out of LC, so I think there must be something good fundamentally, isn’t it?

@PKRAJ sir.. You have rightly explain Sir..when the share price of a company is going down & down.. Than such companies can not be define as fundamentally strong.. I may also be totally wrong but this is the experience..which share market has taught in last so many years.. If a company is strong.. than his share can not remain weak for a long period.. I may be totally wrong
I think there are lot more opportunities in the secodary market.. So why to block the money in such companies.. where future is uncertain..thanks & have a nice day sir🙏🙏

​@Vipul M Shah 

Spectrum Talent
Horrible results.
For more details see consolidated segment wise results
Though spectrum calls itself a manpower company, 33% of its revenue comes from mobile trading, specifically export to middle east, which is a shady business.
In the remaining 67% manpower business, its revenue has gone up while its segment earnings has come down. So it is doing more business at more loss.
Finally cash flow is negative which shows that profits are artificial and on paper only.

@WhatsInAName.. When share price of a company is going down & down.. than how can we define the business model of a company as sound.. I think 3 quarter period is sufficient to judge the future of any company..
When I feel discomfort with this company.. I took exit.. & booked the loss..I know many seniors of this forum have accumulated a heavy quantity of this share.. But their risk taking capacity is very very high.. they may bear the undefine losses.. While with a limited fund no one will like to take more & more risk
These are my personal views which I share with you.. You may be disagree with my views or I may be totally wrong.. Because this is share market.. & no one can perfect here.. Have a nice day.. Bandhu 🎄

​@MRavichandran sir took exit from spectrum , avg buy price of ravi sir was around 144 , today exited then sell price was around 104-105 ,

​@diwan kapoor Thank you for the detailed response sir. In any case, selling now does not seem sensible due to the panic. I will wait for the dust to settle off a bit and try to minimize losses.
I hope management holds a concall with the investors.

I have one question to all senior members - post ipo promoter holding was 72.25%. In September quarter, it is shown to be 73.68%. Can someone explain whether this is due to increase in share capital?

Zomatto was going down and down from 134 to 48.I was having 1000 shares at 114 and exited around 60 thinking that fundamentals are not good. Now the share price is 121. All depends on supply demand. Nothing technical or fundamental. Big shots nicely draining money from small players and we are also playing the game knowlngly

I agree. At the time of IPO everyone was saying this is good company with good fundamental for long term portfolio.
I know results are bad, but its still better in terms of current valuation.
Every company has some quarters where are results are bad.
It seems here rather than fundamental, its operators and market makers who are playing game from day one and not able to handle the script properly.
There seems to be no demand till now and hopefully people who have bought shares are big fish who can make it reverse in near term.

I m holding 2 lots since ipo.

This stock destroyed all my wealth.

There has been a report that there is NO addition of employees in large IT Companies during the last Two quarters and coming couple of quarters also may not be different. As SpectrumTalent main source of income is through new recruiters in IT sector, the report could be a dampener.

​@YBPK  Thanks for analysis the latest result.

Do you think same for the Varanium cloud also (that its paper profit...against netprofit of 90 cr is cash from opera is only 3 cr.)

What are the other ways to identify that a company is misreporting its result?

Are these companied not afraid of any sebi actions?