The Stock Market thread

[KunjanPSD]

3 minutes ago, KnackChap said:

 

 

Adani Ports Q1 net jumps 77%; achieves highest ever quarterly volume growth

 

https://www.business-standard.com/article/companies/adani-ports-q1-net-profit-jumps-77-to-rs-1-342-cr-total-income-rises-80-121080301135_1.html

 

Bumper numbers for Adani ports. Personally very bullish on this. 

Great results. 

Especially how they gained market share.

[rushab oswal]

3 hours ago, Mr. Comingle said:

Does it make sense to have an SIP in S&P and China? 

S&P because US markets are strong and also benefits from our curreny depreciation. China because it's a a**hole country and will always make money. 

Can you trust chinese government though ? they are slowly trying to get into every business. 

[Bird Bird Bird]

1 hour ago, KunjanPSD said:

Happy with Neuland concall.

Will add little by little as the stock dips.

 

TLDR ? 

 

1 hour ago, KnackChap said:

 

 

Adani Ports Q1 net jumps 77%; achieves highest ever quarterly volume growth

 

https://www.business-standard.com/article/companies/adani-ports-q1-net-profit-jumps-77-to-rs-1-342-cr-total-income-rises-80-121080301135_1.html

 

Bumper numbers for Adani ports. Personally very bullish on this. 

 

Wouldn't touch any Adani business with a 10 foot pole. While some are genuine, there is so much shady stuff going on that if the current govt changes, there can be major issues in their other stocks, causing the good ones to dive down as well. 

[Bird Bird Bird]

3 minutes ago, Mr. Comingle said:

So basically buying an Adani stock is a nice put option on the country's future. 

 

Operator dependent stock hai sir. Ek hi din main Adani stocks hit both LC and UC. 

 

Edit: We already have the PM as a put option. Don't need Adani bruh. 

 

Edited August 3, 2021 by Bird Bird Bird

[Root]

I have invested a bit in Edelweiss China MF and intend to do SIP.
It's a feeder fund to JPMC's china fund.
 
MF's equity basket acc. to me is quite good with Alibaba, Tencent & TSMC in the top holdings. No edtechs.
Edtech crackdown literally cracked the tech industry's valuations which I expect to recover.
Just look at Alibaba, growing at 50% YoY and available at 5x sales. Tencent along the similar lines.
 
So I will be doing an SIP upto 5% of my total PF.
 
And as [mention=3619]achilles[/mention] said, foreign investments are taxed at 20% LTCG and holding period is 3 years for the same. But if you are doing an SIP in foreign funds for anything less than 5-7 years then that's illogical anyway.
 

https://www.edelweissmf.com/types-of-mutual-funds/international-fund-of-funds/edelweiss-greater-china-equity-offshore-fund

Are you referring to this? I might consider investing here but as you said for 5-7 years period

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[Bird Bird Bird]

6 minutes ago, Root said:

https://www.edelweissmf.com/types-of-mutual-funds/international-fund-of-funds/edelweiss-greater-china-equity-offshore-fund

Are you referring to this? I might consider investing here but as you said for 5-7 years period

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Need unlimited money to invest in all funds and stocks. 

 

But if you've unlimited money, why do you need to invest. 

Edited August 3, 2021 by Bird Bird Bird

[KunjanPSD]

1 hour ago, Bird Bird Bird said:

 

TLDR ? 

CMS (Contract manufacturing services) has been lumpy as they are facing delays in process of bringing many patent protected innovator molecules to commercialization.

 

Multi-step chemistry being the bane for now and hence molecules timelines not aligning with QoQ timelines. Thus projects spilling over from Q1 to Q2 and potentially Q3.

 

In next 1-3 years atleast 4-5 CMS molecules to be commercialised. Current CMS biz is 100crs and a couple of those 4-5 molecules have potential to do 100cr on their own.

 

Constantly working on GDS side for process innovation & de-leverage. Expects to file 6-8 DMFs in next 2-3 quarters to boost the division.

 

Diversified product mix for meanwhile causing margin pressure.

Unit 3 commercialised, will aid in margin relief and revenue by gradual ramp-up.

 

All in all, biz will remain lumpy for now and atleast until 4-5 innovator molecules hit the market. Till then expect volatility.

 

In my opinion, correction bodes well for the business, get the momentum players & weak hands out. And also evaluation becomes a bit more sane.

 

[KunjanPSD]

19 minutes ago, Root said:

https://www.edelweissmf.com/types-of-mutual-funds/international-fund-of-funds/edelweiss-greater-china-equity-offshore-fund

Are you referring to this? I might consider investing here but as you said for 5-7 years period

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Yes, invest directly via Zerodha.

[Root]

Yes, invest directly via Zerodha.

I usually invest directly on the MF website like edelweiss in this case

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[KunjanPSD]

Just now, Root said:

I usually invest directly on the MF website like edelweiss in this case

Sent from my SM-G960F using Tapatalk
 

That's fine as well. I said Zerodha because mainly everyone uses it as a one stop destination for everything related to investing.

If direct TER is same then go ahead.

[KunjanPSD]

As always, didn't get GLS.

[Root]

As always, didn't get GLS.

Same. Till date I have not been allotted any IPO

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[Bird Bird Bird]

45 minutes ago, KunjanPSD said:

As always, didn't get GLS.

 

Same. 

[KnackChap]

Got GLS in wifey's account.

 

Had applied mainly for listing gains but how does holding it look? Opinions.

[KunjanPSD]

8 minutes ago, KnackChap said:

Got GLS in wifey's account.

 

Had applied mainly for listing gains but how does holding it look? Opinions.

I expect it to hit 900 atleast unless pharma sell off picks up again but short covering at 15900 & 16000 might give the market a push.

[KunjanPSD]

Borosil Renewables results tomorrow, not expect QoQ growth as Q4 was exceptional. Will be looking for YoY growth.

[KnackChap]

2 minutes ago, KunjanPSD said:

I expect it to hit 900 atleast unless pharma sell off picks up again but short covering at 15900 & 16000 might give the market a push.

 

But how does the future look? Good to hold for 3-5 years?

[KunjanPSD]

17 minutes ago, KnackChap said:

But how does the future look? Good to hold for 3-5 years?

I haven't done deep research but from my limited dive it's decent but again the IPO is at the top of return cycle. I am not sure how the company will perform at the bottom of the cycle. For that it will take a few more quarters but it will be a decent bet if you book gains and then buy back near IPO price.

[Bird Bird Bird]

23 minutes ago, KunjanPSD said:

Borosil Renewables results tomorrow, not expect QoQ growth as Q4 was exceptional. Will be looking for YoY growth.

 

Profit booking already done. It's hitting new lows. 

[KunjanPSD]

2 minutes ago, Bird Bird Bird said:

 

Profit booking already done. It's hitting new lows. 

Well, I'll buy more around 260-270.