When everything will be calm and ppl will neglect this share and switch to other shares, ths will rise. I have often observed that even after good results, scrip falls a bit. Patience is de key
807.4. Dowg| Link| Bookmark|
July 13, 2023 9:34:22 PM
Top Contributor (300+ Posts, 100+ Likes)
😆😆😆 good one👍👍👍
806. Sandapaul| Link| Bookmark|
July 13, 2023 3:40:41 PM
Top Contributor (200+ Posts, 100+ Likes)
Socha tha Aaj push aayega with result , but ye to ulta pad gaya, Paisa bhi fans gaya warna dusre IPO me recover ho jaata . We as a retailer suffer from bias that iska loss issise poora karna h
155 to 165 super busy zone... will revise my sl to 152 now... once it sustains abv 165 we can see busy zone from 165 to 173...
802. Sandapaul| Link| Bookmark|
July 13, 2023 9:33:32 AM
Top Contributor (200+ Posts, 100+ Likes)
Seller bhar bhar ke pade huye hain, ho liya result burst jo hona tha, lucky people 168 pe nikal gaya, ab dobara 150 aayega ye as 6 month wait for next quarterly result is big time. Unless some QIB do bulk deal this sell pressure cant be absorbed
Solid results in my opinion. 16 eps FY23 PE - 9.5 Quesscorp and Teamlease both are trading at 35 PE. I don’t know why the market is not acknowledging this big gap.
The fair price is at least double of cmp. Disclaimer - Holding 8 lots and will hold for the long term.
796.1. Finexpert| Link| Bookmark|
July 12, 2023 11:16:35 PM
Top Contributor (400+ Posts, 200+ Likes)
You are so underrated analyst, i read your comment on magazon . It was nice analysis. I hope apki bavishyavani yaha bhi sach ho!
796.2. Dowg| Link| Bookmark|
July 13, 2023 9:45:51 PM
Top Contributor (300+ Posts, 100+ Likes)
I remember SWARAJ SUITINGS was also lingering at PE of 6-7 for months like more than 6 months, and now it has tripled in less than month.
If u extrapolate 6 month EPS to 12 month EPS, then the PE is around 8. It may give UC +20% tomorrow or may take 6-9 months to become rocket 🚀🚀🚀.
3. Core business is growing, further growth is unpredictable
Concerns - 1. Reduction of profit from trading of goods, company is planning to close this trading business, that will hit top and bottom line but overall margin% on topline will increase.
2. UK subsidiary ceased, so likely zero business from UK and may cost exceptional item (negative) in P&L statement.
@Sandapaul Bhai, Keep patience. Stock will not move as your expect. Company has shown good results and on growth path. Price will come sooner or later. Making money from stock market is not easy and need lot of conviction & risk bearing capacity.
My personal expectation of the results will be very good. PAT: 27 crores expected, if anything more than that, it will give fresh buying and cross the issue price. Also, hoping company will provide the investor presentation with the next year earning forecast.
Thanks
794.2. PLAZA| Link| Bookmark|
July 12, 2023 8:59:14 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Result is extremely good as on the one side company shows a sizeable increase in revenue on the other end it keeps employees cost as low in other proportionate and also interest coverage ratio reduced . In all this will be a long race horse in future and hope will do much more then what in this f y . The only thing is we hv to keep some patience...
794.3. CoolAsh| Link| Bookmark|
July 12, 2023 9:04:36 PM
Top Contributor (500+ Posts, 100+ Likes)
Wow Ravi sir. What a prediction. Bang on
794.4. PLAZA| Link| Bookmark|
July 12, 2023 9:08:50 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Can any one explain what is purchase of stock in trade as shown expenditure side of financial data as this increased sizeable whereas diff of inventory more or less same . This expenditure impacted a lot to profits of the company in large ..
If all is well then only we have to keep patience for some more time....
793. Finexpert| Link| Bookmark|
July 12, 2023 7:06:20 PM
Top Contributor (400+ Posts, 200+ Likes)
Can anyone senior member summarise the results here? As per my understanding, results are not that good as expected by @mravi sir.
793.3. CoolAsh| Link| Bookmark|
July 12, 2023 8:02:50 PM
Top Contributor (500+ Posts, 100+ Likes)
My 2 cents. 9 month results presented at the time of IPO showed 20 crores profit which would have meant a profit of 6.66 crores at the same rate for JFM 2023 which they have delivered. So, one thing's for sure, the results were not dressed up for the IPO. In my opinion, this should make it go beyond the IPO price in a week or so. But I will be really surprised if it touches 200 in the short term.
I think the next results due for April -Sep 2023 half year (SMEs need to report half yearly) will give it a decisive upward push if they are good. I am quite confident that it will. Likely, I will hold on at least until the next quarter unless by a stroke of luck or intervention it touches 250 or something. :)
793.4. Finexpert| Link| Bookmark|
July 12, 2023 8:08:36 PM
Top Contributor (400+ Posts, 200+ Likes)
@Finexpert The results are good, in line with the expectations. it may reach the issue price sooner or latter. However, important for me to wait for the investor presentation with growth guidance / con-call (then the stock will be re-rated and possible for a good move).