I just missed this IPO and didn't do any study at all. But my friend Piyush reminded me about this today due to its complete focus on indian market and superior balance sheet. Mr. Naman has done some digging for important points (shared in the comment section) and it looks like a good investment opportunity. As i always feel India is going to be big market in the future for pharma along with Africa and middle east. Eris is debt free having around 300 cr current investments. Capacity utilization is low at 55% so the future growth will provide high…

Info Edge India Ltd: Info edge is my all-time favorite from E-commerce sector (click here for earlier study). It has never resorted to predatory discount offerings to have a transitory feel good factor and in the process destroying the long term survival and growth in the process. In spite of general slow down in the economy, it is continuously giving improved performance quarter by quarter. So this quarter was not an exception. Topline is 208 cr vs 193 cr however operating profits have shown even better at 58 cr vs 40 cr. NP is not comparable due to taxation impact…

On the expected lines, we are witnessing some type of correction in the market. The main reason is the muted show in March quarter results...but sometimes market falls because it wants to fall...simple...no reason. Because here too i think muted results are also on expected lines...demonetization has also impacted this quarter's show...there is no doubt about that. Inflation numbers are in control (although i don't think it is due to some planning by Govt...Govt only plans for Tax revenue). FII's are selling and they should sell as i see them turning a minnow in next few years. Domestic inflows are…

Tata communications Ltd (TCL) was recommended at 400 (Click here for earlier study). It touched 780 but last day declined 10% to 640. Market has given thumbed down to its Mar-17 quarter results in which it has posted a loss of 209 cr. But it is appearing bad only on the surface as the results are impacted by issues like one time provision of 872 cr, one of cable repair expenses, demonetization effect and low revenue after sale of data center business etc. Now is the season for mangoes in India. But mangoes are sweet only if left for proper…

As shared from time and time, I am seeing a bright future for Bond market in India. We have picked CARE Ltd and AK Capital services Ltd as they were going to be the major beneficiary of the growth in the bond sector in India. CARE Ltd was advised at 1000 (Click here for earlier study) and AK Capital was advised at 270 (Click here for earlier study). CMP of both are around 1600/- and 415/- respectively. CARE is in Bond rating business while AK Capital is the largest private sector merchant banker in India dealing in the placement of…

EID parry was advised around 170 at this blog in Oct-2015 (Click here for earlier study). Its CMP is 300 but i feel major growth is yet to come. Today i invested more at 300 and I’ll be investing much more in days to come. Apart from one of India's largest and most efficient producer of Sugar, it is the holding company of Coromandel international with 62% shareholding. But EID is investing big in diversifying its business to overcome the cyclical nature of its Sugar business. In sugar, due to its high quality and ethical standards, it is the preferred…

Linde India: It is a global Industrial, food freezing and healthcare Gas giant. It is already the biggest player in Air Separation units (ASU) for steel and oil & gas industry in India. Air separation plants are used in the process of separating atmospheric air from its basic components, which are primarily nitrogen and oxygen, along with argon and other rare gases. But ASU’s requires high technological expertise along with high initial investments. Linde India is getting its majority of revenues from ‘Onsite” business where it creates the Gas supply facilities at the place of customer and enters into long…

As a professional finance person I have been involved in a number of debates about the relevancy of finance especially in an objective world. In one such lengthy discussion some of my friends related to science field gave their verdict that Science is relevant as it provides the answers for explaining the life and universe. They were of the view that Science explains “why” this world is like this. However I was of the view (still I am) that science never explains the “Why” but “How” of the life. Science knows “How” electricity works, how hydrocarbons provide energy, how cow…

(I wanted to give a small introduction to Nikola Tesla due to his association with the invention of Radio but then it went out of my control and covered the distance too far. So it is better to make this one a two part series. First is about to understand the Space created by the supreme Creator and the second is about the Space that Music Broadcast Ltd needs to create for Radio in India.) First Part: Of Space Information is precious….sometimes most important thing in our life. Our great Vedas were memorized by our great Rishis for thousands of…

Let me first come to Atlas Cycle which were picked at 250 in Sep-16. In no time it picked up great speed only to hit 700 few days back. Although I advised caution for the stunning run up which at times was looking stretched beyond fundamentals. Then due to corrections, it was trading around 500-520 range. But after its results on 2nd feb, it is continuously hitting lower circuits and today touched 466. Market has taken its result negatively. Some readers have sent worried messages over the recent fall. But let me tell you one thing its results are not…