Mr. Ramesh damani on compounding...

Nifty @ 18310
Days High - 18332

Just 300 odd points away from ATH

Only Index & I.T moving
No much strength in Midcaps & Smallcaps

Bank Nifty above 42000 Fresh 52wk High & in open zone

Nifty I.T

4% Up/ almost 1100 points

@

29650

Sustained Rally in I.T possible only aft index crosses above 30750/31000 zone comfortably
Or This can just a pullback Rally

LTI

Went down till 3750

AFT A LONG CONSOLIDATION AGAIN BACK ABOVE 5000 ZONE

4490 - 4200 was our Longterm buying zone

If sustained above 5000 for few days than possible can see 10% To 15% Move in next few months

LTI

LTTS

Update @3000 already Given

Now with LTI Gearing up

Our conviction picks for longterm

CMP - 3730

Would watchout for close 3900 - 3950 zone for Sustained Rally

Lots of Query
How one can only invest in Nifty??

Nifty Bees is Best option trading @ 199.75

They way Nifty moving future Targets can be 18600 - 19000- 19500 - 20000 - 21500

On longterm Time Horizon - can Test - 22500/24000/25000+++

It wld be prudent To add on dips Nifty Bees 194 - 190 - 185 - 180 in SIP MODE We Can See 215/225/250+ in coming Days

LTI

Getting Ready for upmove

5100++

Vikram Thermo

Days Low - 57.05

All dips are buying opportunity

LTI-Mindtree merger will lead to 1-1.5% cost savings: AM Naik, Group Executive Chairman, Larsen & Toubro

- LTI-Mindtree and LTTS combined revenue seen at $5.2 billion in FY23 and $6 billion in FY24

- Both companies will continue to operate independently even though they are part of L&T Group

- "We don’t foresee any challenges with people integration for LTI-Mindtree": Debashis Chatterjee, CEO and Managing Director of LTI-Mindtree.

Aditya Vision Ltd
Superb Q2FY23 performance

Revenue, EBITDA, PAT for Q2FY23 vs Q2FY22
Up 42.5%, 100%, 171% YoY
Ebitda Margin @ 8.9% up 256 bos YoY
PAT Margin @ 4.4% up 207 bps YoY

Though s/L hit in Aditya Vision LTD
But now we can see Rebound

Why Deepak Nitrite Gave bad Numbers?
All Due To following Reasons

1. Rising raw material prices
2. High electricity prices
3. Fire in Nandeshwari unit which lead to loss of production and ultimately lead to bad Qtr numbers

All above lead to fall in margin but in next 2 qtrs Company shld overcome it.
Even class companies have Temperory problems


So how was the Q2FY23 results of Deepak Nitrite

Revenue up 16.7%
EBIDTA dn 29.9% At 270.9 Cr
Margin At 13.81% Vs 22.99%
Weakness led by the phenolics division
Phenolics EBIT down by 53% YoY

🔸Sharp increase in raw material prices were another Reason for Bad Numbers from Deepak Nitrite

The company saw a sharp increase in raw material prices from anywhere ranging from 30% to 130%.almost

Prices of benzene, which is a major raw material for most of its products saw volatility as high as 45% To 50% Approx

Natural Gas problems

🔸Last quarter the company had to use Natural Gas to generate electricity due to the unavailability of coal.

🔸Due to sky-high prices of natural gas,the company again had to take a hit on the margins


Deepak Nitrite Future Outlook

🔸In last 5 years its market cap has increased from 1000 - 1200cr to 30000cr Currently and in last 5 years has given almost 3000% Returns

Strong Revenue Guidance from Management

It took Deepak Nitrite from 2018 to 2022 to double its revenue.

Now the company has been guided to double its revenue in the next 3 years!

All new capacities have already been booked with good orders

Capex Plans

🔸 In order to enhance its backward integration capabilities, the Company has proposed to add new capacities of key raw
materials. This will not only ensure a stable supply of key inputs but also offer a margin advantage

🔸 Rs.15 billion worth of projects lined up by the Company across key product lines, is a testament to Company’s focus on continued growth and profitability in medium-to-long term, and sustained shareholder value creation

🔅Brownfield expansion of select products

🔅Strengthening backward integration capabilities of key inputs which will also enhance margins

🔅 Value-added downstream derivatives of Phenol and Acetone

🔅 Adding new chemistry platforms of chlorination and fluorination

Disc - All views expressed are personal and only for educational and study purpose only.consult your financial advisor before investing or taking any position based on above article.

Kab Tak Midcaps smallcaps microcaps shant Rahega

Jaldi He Time aayega inka bhi

Stay Tunned

Budget ke Pehle can we see upmove??

Possibility are High

In 2023 a "DIP" will come 💯 definitely ...can we see Dip near by Feb - March - April

But abhi to TEZI ka maja lelo

Currently Not a Good Time for Bears
&
Individual PF also Down currently as only Index moving