Retailers Decreasing Stake. Promoter & Dii have Increased

Seshasayee Paper & Boards

Cmp - 287

Market cap - 1811cr

Book Value - 259

Support @264/240

52wk High/Low - 348/188

Dividend Yield - 2%

ROCE - 36.5%

ROE - 27.4%

Debt-free company with 500 Cr cash, PE 4.5.

https://www.spbltd.com

🔅This dirt-cheap valued small-cap company is undergoing a capacity expansion of 800 Cr without taking any DEBT

🔅Paper consumption in the USA is 150 Kg per capita, and in India is just 15 Kg. So one can see tremendous growth in this sector next many decades. Indian companies need to double their capacity every 5-7 years to meet growing demand.

Recent developments towards capex:

🔅Servalakshmi Paper acquisition done through NCLT, adds a capacity of 75000 tonnes per annum after refurbishment. Aquisition cost 105 Cr.

🔅Erode project Mill Development: Enhance paper Capacity from 1,65,000 tonnes p.a. to 2,31,000 tonnes p.a. and Pulp Capacity (Wood and Bagasse) from 1,80,000 tonnes p.a. to 2,52,000 tonnes p.a. The project cost is 700 cr.

🔅Indian paper companies have become import independent for pulp from local tree plantations. This can help companies to sustain their margins.

🔅The stock has not participated in the recent rally. Probably investor is scared to invest in the cyclical sector like paper.

Script is significantly undervalued against peers like JK Paper, Andhra Paper, etc

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

PRECAM

Another 13% UP

Fresh ATH

249 💚

Shriram Pistons

At Days Low - 2124

Good to Add on all Dips

Just need patience

EXPLEO SOLUTION

1650

Possible can Test ATH in coming QTR

And expected 2000 - 2500 - 3000+ there after

I.T

Index

Almost 2% UP

31580

31500 ✔️

Next - 32650/33000/35450/36600

And Than The Big one
40000 ➕️

All 3 picks shld DO well

Aurion pro already outperformed markets

Next LTTS & LTIM

AURION PRO

Market Making New High
Nifty & Sensex Moving Higher

But as Markets keep inching Higher
Risk Increases and Risk Reward getting LOWER

2024 is the Election Year
If you see the Past History
Before every General Election market had Fallen as MARKETS don't Like Uncertanity

Markets corrected in
2008
2013
2018

But it never corrected much in 2023.

Still 5 months are Remaining & Few months of 2024 before elections

In Bull Market Everyone ignores P.E espically in Midcaps & Smallcaps

Avoid high PE Midcaps & Smallcaps where growth is low and also Where promotors are Not Investor friendly

Concentrate on companies which are going to Have Capex

Simply avoid High P.E stocks without Capex

SHRIRAM PISTON

Looked in UC @ 1352
( Aft 1:1 Bonus)

Shriram Pistons
Very good numbers
Fundamentals very strong

DN poor results due to sharp drop in phenol spreads.

Numbers Down QoQ & YoY

The performance of advanced intermediate is encouraging in these challenging times.

Margin erosion & Topline pressure due to demand destruction.

The bad numbers are already priced in ,in the price
Days Low - 1938
Support @ 1890/1790

This can be opportunity as per our study but you
Study and take your Decision wisely