Investment Idea: KEI Industries | Powering The Nation | Multi-baggar in the Making | Complete Analysis | Must Watch!!

 Investment Idea: KEI Industries | Powering The Nation | Multi-baggar in the Making | Complete Analysis | Must Watch!!

Please Watch the Complete Analysis by clicking the given YouTube Link https://www.youtube.com/watch?v=SC2YPjxIPn8 

In my Opinion, The Pandemic has given opportunity to the Investors to slowly accumulate quality stocks at dirt cheap valuations.

Thanks and Enjoy

ऑटो स्टॉक्स में 3 साल की मंदी के बाद Bull रन आने वाला है? | Full Analysis in Hindi | Must Watch!!

ऑटो स्टॉक्स में 3 साल की मंदी के बाद Bull रन आने वाला है? | Full Analysis in Hindi | Must Watch!!

Please watch the Analysis and have a nice day https://www.youtube.com/watch?v=-3GXtSH3Tck&t=2s

In my opinion, quality Auto Stocks are going to be outperformers.

Thanks

Investment Idea: Ion Exchange (India) | जल ही जीवन है !! | STOCK Full Analysis in Hindi | Must Watch!!

 Dear Friends I have started putting Stock Analysis on my YouTube Channel Stock Market Dabangg. 

Please click on this YouTUbe link and watch Analysis of Ion Exchange (India) https://www.youtube.com/watch?v=zTz9EdjfGDs&t=13s

I also request you to kindly Subscribe, Like and Share. Your actions are motivation for us to do a good research for you.

Thanks and Enjoy the Research

Amara Raja Batteries: Battery companies are going to be big beneficiaries of Scrapage Policy and Revival in Auto Sales

 Amara Raja Battery | The Greener Way !! | STOCK Full Analysis in Hindi | Must Watch!!

Please Click on this YouTube Link for Complete Analysisi on Amara Raja Battery https://www.youtube.com/watch?v=P5AugLQfqPc&t=48s

With the likely revival of Auto Industry, Battery companies are going to be the biggest beneficiaries. In addition, replacement market of Batteries is huge as every year about 2.5 Crore New Vehicles hit the Indian roads every year. E vehicles are going to use more than 4-6 Battery per car.

Thanks and Enjoy the Video.

Larson & Toubro (L&T) - Next Multibaggar

Larson & Toubro (L&T) - Next Multibaggar

You can click on the given YouTube Link and enjoy the stock analysisi at https://www.youtube.com/watch?v=eoEs7wlCqc4

With the order book of more than Rs 3 Lakh  Crore, it is a sure shot winner in Infra sector.

Thanks and Have a Nice Day.

Update on Bandhan Bank

  Dear Friends I have started putting Stock Analysis on my YouTube Channel Stock Market Dabangg. 

Please click on this YouTube link and watch Analysis of Rane Brake Lining https://www.youtube.com/watch?v=YojFhlcOG6E&t=12s

I also request you to kindly Subscribe, Like and Share. Your actions are motivation for us to do good research for you.

Thanks 

Update on Aurobindo Pharmaceuticals Ltd

 Dear Friends I have started putting Stock Analysis on my YouTube Channel Stock Market Dabangg. 

Please click on this YouTube link and watch Analysis of Rane Brake Lining https://www.youtube.com/watch?v=-ej3JRqUoek&t=8s

I also request you to kindly Subscribe, Like and Share. Your actions are motivation for us to do good research for you.

Thanks 

My Long Term Investment Idea No. 12 - Garden Reach Shipbuilders & Engineers Ltd (GRSE)

Dear Friends I have started putting Stock Analysis on my YouTube Channel Stock Market Dabangg. 

Please click on this YouTube link and watch Analysis of Rane Brake Lining https://www.youtube.com/watch?v=QaqWCrGxkLw&t=17s

I also request you to kindly Subscribe, Like and Share. Your actions are motivation for us to do good research for you.

Thanks 

My Long Term Investment Idea No. 11 Rane Brake Lining

Dear Friends I have started putting Stock Analysis on my YouTube Channel Stock Market Dabangg. 

Please click on this YouTube link and watch Analysis of Rane Brake Lining https://www.youtube.com/watch?v=gHLJ1hrH6SU

I also request you to kindly Subscribe, Like and Share. Your actions are motivation for us to do good research for you.

Thanks

My Investment Idea No. 9 & 10: TV18 Broadcast and Network18 Media and INvestments Limited

Long Term Investment Idea No. 9 & 10

TV18 Broadcast
&

Network18 Media and Investments Limited

General Overview 

1.   Reliance Industries holds 75% stake in "Network 18 Media and Investments Limited" via "Independent Media Trust" and thus it is a 100% owned Subsidiary. Now it has been decided "Hathway Broadband and Digital Cable TV", "Den Network" and "TV18 Broadcast" would be merged with "Network 18 Media and Investments Limited". Post merger, the stake of Reliance Industries would come down to 64%, which would still be a controlling stake. My opinion is that "Network 18 Media and Investments Limited" is going to become a new Multi-Billion dollar business as it would be a subscription based services business.

2.   Various businesses of Network 18 are going to be DIGITAL NEWS, BROADCASTING and PRINT & DIGITAL MAGAZINES. The details of each business is as given below:-


(a)    DIGITAL NEWS:
Finance: 
www.moneycontrol.com is a part of Network 18 Media and Investments Limited and slowly it has become one of the top business sites and many of its key services are available only to the paid subscribers.

  

News & Opinions:
www.news18.com and www.firstpost.com are also part of Network 18.

Infotainment:
www.in.com and www.cricketnext.com are also part of Network 18 Company.

(b)    BROADCASTING: 

News: 
TV18 Broadcast is also a subsidiary of Network 18 Media and Investments Limited in which it hold 51% stake. It appears that the huge investments in TV18 Broadcast has started paying rich dividends as it has posted Net Profit of Rs 416.71 Cr for FY 2020 as compared to Rs 210.40 Cr for FY 2019 (Jump of more than 100%). Moreover, TV 18 Broadcast has tie up with CNBC, which provides then global foot print.

Entertainment: 
Viacom 18 is a subsidiary of TV18 Broadcast, in which it hold 51% stake.

Infotainment: 
"History TV 18" Channel is also part of this group.



(c)    PRINT AND DIGITAL MEDIA:
Forbes & Overdrive Magazines: 
These magazines are managed in India by Network 18 Media and Investments Limited.

Better Photography & Interiors Magazines: 
These are also part of Network 18 Media and Investments Limited. 


(d)    INVESTMENTS BY NETWORK 18: 
Network 18 has 39% Stake in ww.bookmyshow.com

3.    Huge amount of investments have been made by Network 18 Media and Investments Limited to increase its TV Channels and associated businesses and the list of Channels and businesses is as given below:

    General News Channels: 
    CNN News 18
    News18 India
    News18 Lokmat
    News18 Urdu
    News18 Rajasthan
    News18 Uttar Pradesh Uttarakhand
    News18 Madhya Pradesh Chhattisgarh
    News18 Bihar Jharkhand
    News18 Gujarati
    News18 Bangla
    News18 Odiya
    News18 Kannada
    News18 Kerala
    News18 Tamil Nadu
    News18 Assam/ NorthEast
    News18 Punjab Haryana Himachal

    Entertainment Channels:
    Colors
    Colors Bangla
    Colours Cineplex
    Colours Cineplex HD
    Colours Gujarati

    Colours Infinity
    Colours Kannada
    Colours Kannada Cinema
    Colours Marathi
    Colours Odiya
    Colours Rishtey
    Colours Super
    Colours Tamil
    Comedy Central
    MTV Beats
    MTV
    Nickelodeon
    Nick Jr
    Nickelodeon Sonic
    VH 1
   
    Business  News Channels: 
    CNBC TV 18
    CNBC Awaaz
    CNBC Bazaar
    
    Some Other Channels:
    History TV 18
    FYI TV 18
    Home Shop 18
    Topper TV

    Websites:
    www.firstpost.com
    www.in.com
    www.moneycontrol.com
    www.cricketnext.com
    www.forbesindia.com
    www.overdrive.in
    www.betterphotography.in
    www.betterinteriors.in etc 

App/ Website for Subscription based video on demand Services:
    VOOT (Similar to Netflix or Amazon Prime)
     

4.   A decision has been taken to merge TV 18 Broadcast with Network 18 Company with a swap ratio of 100 shares of TV 18 Broadcast would be converted to 92 shares of Network 18.

5.   Results Overview: TV18 Broadcast 

 
     Face Value = Rs 2
     Equity = 342.87 Cr (Qtr Ending Mar 20)

     Price = Rs 19.8 

     52 Weeks Low/High = Rs 11.85 / 33.19 

     Market Cap = Rs 6857 Cr

 
     Total Income

     FY 2019: Rs 4978.17 Cr

     FY 2020: Rs 5256.51 Cr

     Total Expenditure

     FY 2019: Rs 4862.25 Cr

     FY 2020: Rs 4778.72 Cr

     EBIDTA
     FY 2018: Rs 60.92 Cr

     FY 2019: Rs 151.64 Cr

     FY 2020: Rs 516.98 Cr

     Net Profit

     FY 2019: Rs 210.40 Cr

     FY 2020: Rs 416.71 Cr

     EPS

     FY 2019: Rs 1.227 Cr

     FY 2020: Rs 2.43   Cr

  Price to Earning Ratio (PE) wrt FY 2020 Results

     7.4 When the stock is trading at Rs 18 

     8.2 When the stock is trading at Rs 20

     Long Term Debt

     FY 2019: Rs 221.6 Cr

  FY 2020: Rs 1.04 Cr Very Very Good Indication

     Short Term Debt

     FY 2019: Rs 1364.39 Cr

     FY 2020: Rs 1772.56 Cr

     Debt to Total Equity Ratio

     FY 2019: Rs 0.37 

     FY 2020: Rs 0.38 

6. Results Overview: Network 18 Media and Investments Ltd

     Face Value =  Rs 5
     Equity = 517.68 Cr (Qtr Ending Mar 20)

     Price = Rs 23

     52 Weeks Low/High = Rs 14.85/ 34.15 

     Market Cap = Rs 11400 Cr 

     

     Total Income

     FY 2019: Rs 5068.49 Cr

     FY 2020: Rs 5392.18 Cr

     Total Expenditure

     FY 2019: Rs 5244.82 Cr

     FY 2020: Rs 5150.73 Cr

     EBIDTA
     FY 2019: Rs 230.65 Cr (Loss)

     FY 2020: Rs 193.20 Cr

     Net Profit

     FY 2019: Rs 197.62 Cr (Loss)

     FY 2020: Rs 5.81     Cr (Loss)

     EPS

     Minus (Zero)

     Price to Earning Ratio (PE) wrt FY 2020 Results

     Not Applicable

     Long Term Debt

     FY 2019: Rs 221.6 Cr

     FY 2020: Rs 1.04 Cr Very Very Good Indication

     Short Term Debt

     FY 2019: Rs 2789.91 Cr

     FY 2020: Rs 3262.59 Cr

     Debt to Total Equity Ratio

     FY 2019: Rs 0.93 

     FY 2020: Rs 1.01 

     Why Loss; When EBIDTA was at Rs 193.20 Cr Profit
     Share of P/ (L) of Associates & Joint Ventures : Rs 48.25 Cr
     (Paid to Them, Probably for Investments)

     Exceptional Items: Paid Rs 50 Cr

     Tax: Paid Rs 87.06 Cr



7.  Comparison with Other Media Companies:

     Market Cap (As on 25 Apr 2020)

     Zee Entertainment:
     Rs 13927 Cr

     Sun TV:
     Rs 14851 Cr

     T.V. Today Network:
     Rs 1187 Cr

     TV 18 Broadcast:
     Rs 6858 Cr

     Network 18 Media and Investments Limited:
     Rs 11400 Cr


     Sales (9 Months FY 2020 As on 25 Apr 2020) 

     Zee Entertainment:                                       
     Rs 6178 Cr (Rs 7934 Cr FY 2019)

     Sun TV:                                                         
     Rs 2762 Cr (Rs 3782 Cr FY 2019)

     T.V. Today Network:                                     
     Rs 648 Cr   (Rs 742 Cr FY 2019)

     TV 18 Broadcast:                                           
     Rs 3750 Cr (Rs 5175 Cr FY 2019)

     Network 18 Media and Investments Limited:
     Rs 3892 Cr (Rs 5116 Cr FY 2019)


     Net Profits (9 Months FY 2020 As on 25 Apr 2020)

     Zee Entertainment:                                       
     Rs 1290 Cr (Rs 1567 Cr FY 2019)

     Sun TV:                                                         
     Rs 1140 Cr  (Rs 1434 Cr FY 2019)

     T.V. Today Network:                                     
     Rs 111 Cr    (Rs 131 Cr FY 2019)

     TV 18 Broadcast:                                           
     Rs 164 Cr    (Rs 242 Cr FY 2019)

     Network 18 Media and Investments Limited:
     Rs - 194.76 Cr Loss (Rs - 302.9 Loss FY 2019)


     Net Profit Margins (9 Months FY 2020 As on 25 Apr 2020)

     Zee Entertainment:                                         
     Approx 21%    (Approx 20% FY 2019)

     Sun TV:                                                         
     Approx 41%    (Approx 38% FY 2019)

     T.V. Today Network:                                     
     Approx 17%    (Approx 17% FY 2019)

     TV 18 Broadcast:                                           
     Approx 4.37% (Approx  4.67% FY 2019)

     Network 18 Media and Investments Limited:
     Approx NA %  (Approx NA % FY 2019)


     Price (As on 25 Apr 2020)
   
     Zee Entertainment:                                         
     Rs 145.00

     Sun TV:                                                           
     Rs 376.00         
                                                          
     T.V. Today Network:                                       
     Rs 199.00

     TV 18 Broadcast:                                             
     Rs 19.80

     Network 18 Media and Investments Limited: 
     Rs 23.00

8.  Conclusion: To conclude, I would just say that the Investments made by Network18 and TV18 have started to yield positive results as it is visible from 100% plus growth in Net Profits (YoY). Even at EBIDTA Levels, TV18 Broadcast grew 148.9% in FY 2019 as Compared to FY 2018 and grew 240.2% in FY 20 as Compared to FY 2019. Even Network18 Media and Investments Limted EBIDTA grew by 184.2% in FY 2020 as Compared to EBIDTA in FY 2019.

9.  From the above analysis, it is also evident that other media companies are enjoying Net Profit Margins of around 18% to 41%. With the Annual Sales of around Rs 5100 Cr, I presume that the day is not very far away when TV18 Broadcast and Network18 Media and Investments Limited would also enjoy atleast 18-20% Net Profit Margins and that with Net Sales of around Rs 5000 Cr Plus, works out to be around Rs 1250 Cr. In addition, as the Sales rise, the Net Profit is also bound to rise accordingly. I am very bullish on these Stocks as I believe that this Company would do well under the leadership of Mr. Mukesh Ambani, who is the Promoter of this Company. The Stock of the Company like Zee entertainment (whose Yearly Sales are around Rs 8000 Cr and enjoys around 20% Net Profit Margin) touched life time high of Rs 600 Plus before its crashed to around Rs 150 due to selling of Pledged shares by some Fund Houses and then due to Corona Virus concerns.

10.  Corona Virus Pandemic has changed the dynamics of doing business. While all other business activities are severely affected, digital businesses are least affected. I think going forward such businesses would be one of the best investment themes in times to come.

Happy Investing😊  

Disclaimer:

11.   The information provided above has been taken from the internet, which may or may not be correct. Therefore, do your own research before investing. 

12.   The post written above is not to be taken as a 'Buy Recommendation' from the author on TV18 Broadcast and Network18 Media and Investments Limited and no one should take decision to invest in TV18 Broadcast and Network18 Media and Investments Limited based on the information provided in this blog. The blog is written only to express the views of the author, which could be right or wrong. You must consullt your financial adviser before investing in TV18 Broadcast and Network18 Media and Investments Limited.

My Investment Idea No. 8: Amber Enterprises India Limited

Long Term Investment Idea No. 8

Amber Enterprises India Limited

1.    Face Value  = Rs 10

2.    Equity         = 31.45 Cr  

3.    Price           = Rs 1140

4.    MarketCap  = Rs 3591 Cr (Small Cap)

5.   Amber Enterprise India Limited is a prominent solution provider for Air Conditioner OEM/ODM Industry in India, a one-stop shop for air conditioners and its components for consumers. It has 10 manufacturing facilities across India, mostly in Northern part as of now. The factories are located in Kala Amb, Rajpur, Dehradun, Jajjar, Greater Noida, Faridabad and Pune. Amber Enterprise is strongly positioned with its backward integration to drive the core deliverables in terms of quality, cost and delivery. Company has diversified portfolio which includes:-

    (a)    Design and Manufacturing of Window Air Conditioners, Indoor & 

    Outdoor Units of Split ACs and Inverter Split ACs with specifications 

    ranging from 0.75 to 2 Tons across energy ratings.

    (b)   Company also manufactures components for other durables and 

    automobiles such as case liners for refrigerator, plastic extrusion 

   sheets, sheet metal components for Microwave, Washing machine tub 

    assemblies etc.

6.   Following is the list of Customers of the Company:-

      (a)   LG

      (b)   Carrier

      (c)   John Deere

      (d)   SML Isuzu

      (e)   Daikin

      (f)    Mahindra

      (g)   Blue Star

      (h)   Godrej

      (i)    Hitachi

      

Results Overview

       Net Sales (NS)/ Net Profit (NP)/ Earning Per Share (EPS)

Yearly

7.    2015:  Rs 1230.27 Cr/ Rs 28.77 Cr/ Rs 9.15  

8.    2016:  Rs 1089.03 Cr/ Rs 24.10 Cr/ Rs 7.66

       Yearly YoY De-Growth in NP = 16.23%

9.    2017:  Rs 1644.40 Cr/ Rs 27.90 Cr/ Rs 8.87

       Yearly YoY Growth in NP = 15.76%

10.  2018:  Rs 2128.08 Cr/ Rs 62.31 Cr/ Rs 19.81

       Yearly YoY Growth in NP = 123.33%

11.  2019:  Rs 2751.99 Cr/ Rs 93.66 Cr/ Rs 29.78

       Yearly YoY Growth in NP = 50.31%

Half Yearly

12.   HY FY 2019: Rs   828.36 Cr/ Rs 27.12 Cr/ Rs 8.62

13.   HY FY 2020: Rs 1389.07 Cr/ Rs 53.17 Cr/ Rs 16.91

        HY YoY Growth in NP = 96.05%

Shareholding Pattern

14.   Promoters:                    44.02%

15.   FII/FPI:                         11.41%

16.   Financial Institutions:    00.04%

17.   Mutual Funds:               05.69%

18.   DII:                               29.83%

19:   Others:                         09.02%

Investment Rationale

20.   Its also a consumption driven story and in spite of the fact that there has been subdued demand since Beginning of 2019, this company was able to clock 50% plus YoY growth in FY 2019 and has clocked nealy 100% growth (96.05%) in First Half of FY 2020 as compared to First Half of FY 2019. If the company has given such a solid performance when other companies were struggling to keep themselves in Profit, imagine the growth which it could demonstrate during good times. Company is nearly debt free with cash in hand and promoter has not pledged its shares. 

21.   In addition, its business model is such that even if one odd brand doesn't grow due to any reason, other brands sale automatically rises, after all consumers would buy what they want. Business model is not only safe, it is also an easily scalable model, wherein new Brands can associate with them in future or they can set up additional manufacturing units or they can add new vertical on the lines of Air Conditioner Vertical, like Dixon Technology is having.

22.   Amber Enterprise was listed on stock exchanges in January 2018 at Rs 1180. In February 2018 it touched a high of Rs 1380 and after that it was in downtrend for next 12 months and in February 2019, it touched a low of Rs 625. Presently it is trading at Rs 1145 and I think its a good buy on every dip. I may add this stock for long term on every dip and am hopeful that would be able to add between the price value of Rs 1050 - 1200.

Disclaimer

23.  The information provided above has been taken from the internet, which may or may not be correct. Therefore, do your own research before investing.

24.   The post written above is not to be taken as a "Buy Recommendation" from the author on Amber Enterprise and no one should taken decision to invest in Amber Enterprise India Limited based on the information given in this Blog. The blog is written only to express the views of the author, which may be right or wrong. You must consult your financial adviser before investing in Amber Enterprise India Limited. 

My Investment Idea No. 7: Dixon Technologies (India) Private Limited

Long Term Investment Idea No. 7

Dixon Technologies (India) Private Limited

1.    Face Value = Rs 10

2.    Equity = 11.33 Cr

3.    Price = Rs 3740

4.    Market Cap = Rs 4325 Cr (Small Cap)

5.   Dixon technologies (India) is the largest home grown design focused and solution company engaged in the manufacturing of Consumer Electronics like LED TVs, Home Appliances like Washing Machines, Lighting Products like LED Bulbs, CFL Bulbs and Tube Lights etc, Mobile Phones like feature phones and smart phones for Major Brands in India. It also provides reverse logistics solution i.e repair and refurbishment of Set Top Boxes, Mobile Phones and LED TV Panels. Dixon Technologies have 10 state of the art manufacturing facilities. A new facility is proposed to be in Tirupati for Southern India Markets.

6.    Dixon Technologies makes Consumer Electronics like LED TVs for the following brands:-

       (a)    Panasonic

       (b)    Haier

       (c)    Reliance ReConnect

       (d)    Intex

       (e)    BPL

       (f)     Vise

       (g)    Mitashi 

       (h)    Abag

7.    Dixon Technologies makes Semi Automatic ranging from 6.2 to 8.5 kg for the following brands:-

       (a)    Panasonic

       (b)    Haier

       (c)    Reliance ReConnect

       (d)    Intex

       (e)    BPL

       (f)     LLoyd

       (g)    Mitashi 

       (h)    Godrej

       (i)     Weston

       (j)     Elctrolux

8.    Dixon Technologies makes CFL and LED products for the following brands:-

       (a)    Philips

       (b)    Surya

       (c)    Bajaj

       (d)    Anchor

9.    Dixon Technologies makes Mobile Phones for the following brands:-

       (a)    Panasonic

       (b)    Karbonn

       (c)    Gionee

       (d)    Intex

      

10.   Company is also making CCTV and Digital Video Recorders (DVRs) under the Trade Mark CP PLUS.

Results Overview

        Net Sales (NS)/ Net Profit (NP)/ Earning Per Share (EPS)

Yearly

11.    2015: Rs 1203.13 Cr/ Rs 13.04 Cr/ Rs 11.51

12.    2016: Rs 1391.17 Cr/ Rs 42.57 Cr/ Rs 37.57

         Yearly YoY Growth in NP = 226.45%

13.    2017: Rs 2458.53 Cr/ Rs 47.57 Cr/ Rs 41.98

         Yearly YoY Growth in NP = 11.74%

14.    2018: Rs 2845.80 Cr/ Rs 60.90 Cr/ Rs 53.75

         Yearly YoY Growth in NP = 28.02%

15.    2019: Rs 2990.08 Cr/ Rs 63.35 Cr/ Rs 55.91

         Yearly YoY Growth in NP = 4.02%

Half Yearly

16.    HY FY 2019: Rs 1334.83 Cr/ Rs 29.19 Cr/ Rs 25.76 

17.    HY FY 2020: Rs 2552.30 Cr/ Rs 66.62 Cr/ Rs 58.80

         Half Yearly YoY Growth in NP = 128.22%

Shareholding Pattern

18.   Promoters:                       38.07%

19.   FII/ FPI:                           08.33%

20.   Financial Institutions:      00.08%

21.   Mutual Funds:                  20.88%

22.  Other DIIs:                       22.36%

23.  Public:                              10.28% 

Investment rationale

24.    Its a Consumption driven story and in spite of the fact that the demand was low during the FY 2019, it has managed to clock growth in NP, though only 4%. However, 128.22% growth in the results of HY FY 2020 as compared to HY FY 2019 indicate that demand is back. It is worth noting that HY FY 2020 NP of Rs 66.62 Cr is more than the full FY 2019 NP of Rs 63.35 Cr.

25.    With the revival of Housing Sector, the demand in consumption story is going to be become even stronger. Moreover, the business model of the company is such that it can keep adding additional Verticals like Fully Automatic machines etc. Even without additional Verticals, additional manufacturing units can be set up to benefit from rising expenditure on consumption.

26.    Presently, it is trading at Rs 3740 and I think I would consider entry point in this stock closer to around Rs 3400-3600 for long term investment.

Disclaimer

27.    The information provided above has been taken from internet, which may or may not be correct. Therefore, do your own research before investing.

28.    The post written above is not to be taken as a "Buy Recommendation" by the author on Dixon Technologies and no one should take decision to invest in Dixon technologies based on the information provided in this blog. This blog is written only to express the views of the author, which could be right or wrong. You must consult your Financial Adviser before investing in Dixon Technologies (India) Private Limited.

My Investment Idea No. 6: Rane Brake Lining (RBL)

Long Term Investment Idea No. 6

Rane Brake Lining

1.    Face Value = Rs 10

2.    Equity = 7.92 Cr

3.    Price = Rs 557

4.    Market Cap = Rs 442 Cr (Micro Cap)

5.  Rane Brake Lining, a part of Rane Group which was established in 1964, is engaged in manufacturing asbestos-free brake Linings, Disc Pads and Clutch Facings. These items have application in every segment of automobile Industry. The List of products manufactured by the Company is as given below:-

      (a)   Brake Linings

      (b)   Disc Pads

      (c)   Clutch Facings

      (d)   Rail Brake Blocks

      (e)   Commercial vehicle Brake Pads

      (f)    Sintered Brake Pads

6.    Rane Brake Lining has clientele from around the world and list of some of the Companies which are customers of Rane Brake Lining are:-

      (a)    Hundai

      (b)    Force Motor

      (c)    Escorts 

      (d)    Eicher

      (e)    Tata Motors

      (f)     Ashok Leyland

      (g)    Hero

      (h)    Honda

      (i)     Maruti Suzuki

      (j)     Yamaha

      (k)    John Deere 

      (l)     Toyota

      (m)   Swaraj Mazda

      (n)    Nissan

      (o)    Renault

      (p)    KIA

      (q)    TVS

      (r)     Audi

      (s)     BMW

      (t)     Volks Wagen

      (u)    Daimler

      (v)    FIAT

      (w)   Kubota

      (x)    BRP

      (y)    Ford

      (z)    ISUZU and many more. List is endless. I have stopped writing the names of the companies as the ALPHABETs have finished but I am sure that the point which I want to drive home has been made amply clear.

7.   It can be seen from the above that this company, is a market leader in its segment and has four Manufacturing Facilities. Moreover, its products are shipped to 33 Countries. In addition, Rane Group has Sales offices in Europe as Well as USA. These Sales Offices are also used for the sale of the products made in their other subsidiaries of Rane Group, to name Rane Engine Valve Limited, Rane (Madras) Limited, Rane TRW Steering System Pvt Limited, Rane NSK Steering Systems Pvt Limited, Rane Auto Parts, Rane Precision Die Cast Inc, Rane t4u Private Limited.

Results Overview

        Net Sales (NP)/ Net Profit (NP)/ Earning Per Share (EPS)

Yearly

8.     2010: Rs 236.30 Cr/ Rs 10.09 Cr/ Rs 12.74

9.     2011: Rs 305.84 Cr/ Rs 15.28 Cr/ Rs 19.31

10.   2012: Rs 359.17 Cr/ Rs 16.18 Cr/ Rs 20.45

11.   2013: Rs 376.44 Cr/ Rs   9.10 Cr/ Rs 11.50

12.   2014: Rs 384.11 Cr/ Rs 17.21 Cr/ Rs 21.76

13.   2015: Rs 416.41 Cr/ Rs 16.11 Cr/ Rs 20.37

14.   2016: Rs 448.42 Cr/ Rs 25.76 Cr/ Rs 32.56

15.   2017: Rs 487.48 Cr/ Rs 34.72 Cr/ Rs 43.86

16.   2018: Rs 482.46 Cr/ Rs 35.75 Cr/ Rs 45.16

17.   2019: Rs 513.89 Cr/ Rs 36.53 Cr/ Rs 46.15

Haly Yearly

18.   HY FY 2019: Rs 244.44 Cr/ Rs 11.88 Cr/ Rs 15.01 

19.   HY FY 2020: Rs 230.97 Cr/ Rs 18.68 Cr/ Rs 18.68

Shareholding Pattern:

20.   Promoter Holding:          66.99%

21.   Financial Institutions:     00.06%

22.   Insurance Companies:    09.74%

23.   Other DII:                       02.17%

Justification For Long Term Investment

24.  In spite of the fact that Automobile Industry was in down trend for last 3 years, Rane Brakes Lining has grown in terms of both Net Sales as well as Net Profit, though Marginally. It is a strong positive for this company when many companies had gone into losses. Even on Haly Yearly basis, the Net Profit has grown.

25.   We are in the process of transition from Combustion based Automobile Industry to Electric Technology based Automobile Industry. Therefore, it not difficult to understand that many Automobile Component manufacturing companies would seize to exists in coming years. However, the components manufactured by this Company would continue to be used for time immemorial (as of now) irrespective of the fact whether it a Combustion Engine based vehicle or Electric Vehicle. Therefore, due to upcoming recovery in auto sector and replacement market due to old vehicles on road, it has a very clear earning visibility in a foreseeable future.

26.   It is a market leader and gained the confidence of Automobile Companies across the world. 

27.   The Stock Price of Rane Brake Lining Limited was around Rs 40 in 2009 and it rose to around Rs 100 by 2013 year end. However, it touched a high of Rs 1450 in Jun 2017. Since then, due to poor Stock Market Sentiment and low demand in Automobile Industry, it dropped to a low of approximately Rs 450 in Aug 2019. Now the Stock is trading at Rs 556. Even now, people who bought this stock in 2009, are enjoying approximately 14 times returns. I personally believe that Rane Brake Lining should be accumulated slowly for long term exponential returns, which I am going to do. 

Disclaimer:

28.   Information Provide above has been taken from internet, which may or may not be correct. Therefore, do your own research before investing.

29.    The Post written above is not to be taken as a 'Buy Recommendation' by the author on Rane Brake Lining and no one should take decision to invest in this Stock based on he information given in this Blog. This blog is written only to express the views of the author, which could be right or wrong. You must consult your Financial Adviser before investing in Rane Brake Lining.  

My Investment Idea No. 5: Shalby Limited

Long Term Investment Idea No. 5

Shalby Limited

1.    Face Value = Rs 10

2.    Equity        = 108.01 Cr

3.    Price          =  Rs 96.2

4.  Shalby Limited is a chain of hospitals specialist in Joint Replacement and Multi-Specialty hospitals. They have total 11 hospitals as of now with 2000 beds in cities like Ahmedabad, Jaipur, Surat, Waapi, Indore, Jabalpur, Mohali etc. In addition, one hospital each coming up in Nashik and Mumbai (175 beds hospital). Total additional 500 beds capacity is being created. In addition, Rs 850 Cr have been earmarked for expansion for next 3-5 years during which plan is to double the bed capacity from 2500 beds to 5000 beds.

5.   Out of 2000 operational bed capacity, 1000 beds capacity has come up in last 2 years. As per Shalby Limited management, in spite of having 70% new capacity, Shalby limited has highest margins in the industry which amounts to 18-20% which would peak out in next 2-3 years. Shalby is also looking for opportunities in Delhi and Kolkata. Shalby Limited is also working with many hospitals in Middle East and South Africa and are in talks with many other hospitals there as well.

6.   As per management, many hospitals want to exit hospital business in India and that is a big opportunity for Shalby Limited as it is a debt free and cash surplus company. It is also a beneficiary of Ayushman Bharat as it has a very efficient cost structure.

7.   Shalby Limited was listed at approximately Rs 250 in 2018 and is now trading at a very attractive valuation at Rs 93.20. The reason for the same was due to the fact that the Profits have been declining since its listing. Half Year FY 2020 results have broken this declining trend as the Profit of Half Year FY 2020 has already surpassed the Total Profit of FY 2019. The details of its results are as given in the succeeding paragraphs.

Company's Result Overview:    

Yearly:

                       Net Sales (NS)/ Net Profit (NP)/ Earning Per Share (EPS)

8.    2017:  Rs 320.20 Cr/ Rs 63.26 Cr/ Rs 5.85

9.    2018:  Rs 382.26 Cr/ Rs 44.01 Cr/ Rs 4.07

       Yearly YoY De-Growth in NP = 30%

10.  2019:  Rs 460.95 Cr/ Rs 32.10 Cr/ Rs 2.97

       Yearly YoY De-Growth in NP = 27.06%

11.  From the above results it is clearly evident that the Profit was on decline since listing at Rs 270.

Quarterly:

12.  Jun 18 (FY 2019): Rs 115.89 Cr/ Rs 12.14 Cr/ Rs 1.12     

13.  Jun 19 (FY 2020): Rs 131.44 Cr/ Rs 23.66 Cr/ Rs 2.19

       Quarterly YoY Growth in NP = 94.89%

14.  Sep 18 (FY 2019): Rs 119.34 Cr/ Rs 3.69 Cr/ Rs 0.34

15.  Sep 19 (FY 2020): Rs 125.73 Cr/ Rs 12.9 Cr/ Rs 1.19

       Quarterly YoY Growth in NP = 249.59%

Half Yearly: 

16.   HY FY 2019: Rs 235.23 Cr/ Rs 15.83 Cr/ Rs 3.31

17.   HY FY 2020: Rs 257.17 Cr/ Rs 36.56 Cr/ Rs 3.38

        Half Yearly YoY Growth in NP = 130.95%

Promoters Stake:

18.   Promoters Holding:     79.43%

Others Stake:

19.   FII/FPI :                      5.41%

20.   Financial Institutions:  0.1%

21.   Mutual Funds:             6.73%

22.   Others:                       8.33%

My Investment Rationale:

23.   From the above, it is evident that Half Yearly Profit of Rs 36.56 Cr of this FY (FY 2020) is already more than RS 32.10 Cr Net Profit of Full FY 2019. Hence, due to change in trend  in Net Profit and the fact that the Company is Debt free and cash surplus, the investment in this Company at this stage appear attractive to me. The Company appears to be on Growth trajectory and should give decent returns in next 2-3 years as the business is going to expand for years to come.

Disclaimer:

24.   Information provided above has been taken from internet and which may or may not be correct. Therefore, do your own research before investing in this stock.

25.  The post written above is not to be taken as a 'Buy Recommendation' by the author for Shalby Limited and no one should take decision to buy this stock based on the information given in this Blog. This blog is written only to publish the views of the author, which could be right or wrong. You must consult a Financial Adviser before buying Shalby Limited. 

My Investment Idea No. 4: Mahanagar Gas Limited (MGL)

Long Term Investment Idea No. 4

Mahanagar Gas Limited (MGL)

1.    Face Value = Rs 10

2.    Equity       =  Rs 98.78 Cr

3.    Price:            Rs 1024

4.  One of the Beneficiary of the above rate cut in Gas Prices would be MAHANAGAR GAS LIMITED (MGL). MGL provides Piped Natural Gas (PNG) for  Domestic as well as Commercial/Industrial use in Mumbai and it's adjoining areas. It has 1 million domestic customers and a network of Piped Gas of about 5032 km. In addition, it sells Compresses Natural Gas (CNG) through its network of 223 CNG stations with more than 1288 dispensing points. MGL is expanding CNG network in new areas like KALYAN, DOMBIVALI, AMBERNATH, BADLAPUR, ULAHASNAGAR, BHIVANDI, PANVEL etc. It provides a cheaper mode of transportation..

5.    Results of MGL have been encouraging for past few years and Sales as well as profits have been rising steadily. Cut in Gas Prices would further add to its bottom line. It was listed at approx  Rs 500 in Aug 16. In Nov 17 it touched a high of Rs 1377 and slowly corrected to Rs 760 Sep 18. Presently it is trading at Rs 1024..

Promoters & Promoter Group Stake:

6.   GAIL:               32.50% stake

7.   Others:            10.00% stake

Other Share Holders:

8.    Mutual Funds:.                      5.96%

9.    Foreign Portfolio Investors:.  24.30%

10.  Insurance Companies:            5.7%

11.  President of India:        10% ( Central/ State Govt/ Governor Maharashtra)

Company's Result Overview:

Yearly:

                       Net Sales (NS)/ Net Profit (NP)/ Earning Per Share (EPS)

12.    2017:   Rs 2033.97 Cr/  Rs  393.42 Cr/ Rs 39.83

13.    2018:   Rs 2233.01 Cr/  Rs  477.87 Cr/ Rs 48.38

         Yearly YoY Growth in NP  =  21.46% 

14.    2019:   Rs 2791.07 Cr/  Rs  546.39 Cr/ Rs 55.31

         Yearly YoY Growth in NP  =  14.33% 

Quarterly:

15.   Jun 18 (FY 2019): Rs 619.34 Cr/  Rs 128.33 Cr/  Rs 12.99

16.   Jun 19 (FY 2020): Rs 757.47 Cr/  Rs 170.24 Cr/  Rs 17.23

        Quarterly YoY Growth in NP  =  32.65%

17.   Sep 18 (FY 2019): Rs 696.51 Cr/  Rs 136.29 Cr/  Rs 13.80

18.   Sep 19 (FY 2020): Rs 783.58 Cr/  Rs 270.62 Cr/  Rs 27.40

        Quarterly YoY Growth in NP  =   98.56%

Half Yearly:

19.   HY 2019: Rs 1315.85 Cr/  Rs 264.62 Cr/  Rs 26.89

20.   HY 2020: Rs 1541.08 Cr/  Rs 440.86 Cr/  Rs 44.63

        HY YoY Growth in NP            =   66.60%

21.   The Company is on Growth Trajectory. In my opinion this one looks like a candidate which can be accumulated slowly for long term on dips which should give decent returns in next 2-3 years as the business is only going to expand in years to come.

22.   Information provided above has been taken from internet and which may or may not be correct. Therefore, do your own research before investing in this stock.

Disclaimer:

The post written above is not to taken as a "Buy Recommendation by the author for MGL and no one should take a decision to buy this stock based on the information given in this Blog. This blog is written only to publish views of the author, which could be right or wrong. You must consult Financial Adviser before buying MGL.

My Investment Idea No. 3 - Inox Leisure

Long Term Investment Idea No. 3

Inox Leisure

1.    Face Value = Rs 10

2.    Equity = 102.64 Cr

3.    Price: Rs 358

4.    Inox Leisure operates 600 screens in 144 multiplexes spread across 68 cities. Inox Leisure is the fastest growing multiplex chain in India and has added 85 new screens in last financial year. 900 more screens are in pipeline and all will be part of Malls. It plans to add 80-100 screens every year.

5.   Sep Qtr results shows that margins increased from 12.3% to 32% YoY. F&B growth has been phenomenal and average ticket size was flat at Rs 196. Footfalls increased 39% YoY to 19 millions.

Company Results Overview

Yearly:

                         Net Sales (NS)/ Net Profit (NP)/ Earning Per Share (EPS)

6.    FY 2015: Rs 1016.82 Cr/  Rs 20.04 Cr /  Rs 1.95
7.    FY 2016: Rs 1332.69 Cr/  Rs 77.49 Cr /  Rs 7.55
       Yearly YoY Growth in NP      =  286.67% 
8.    FY 2017: Rs 1220.71 Cr/  Rs 30.62 Cr /  Rs 2.98
       Yearly YoY De-Growth in NP =  60.48%
9.    FY 2018: Rs 1348.12 Cr/  Rs 114.63Cr/  Rs 11.16
       Yearly YoY Growth in NP       =  274.36%
10.  FY 2019: Rs 1692.18 Cr/  Rs 133.49 Cr/  Rs 13.00
       Yearly YoY Growth in NP       =  16.45%

11.  In last 5 years, the profit has grown 566.117% from Rs 20.04 Cr to Rs 133.49 Cr
Jun 18 (FY 2019).

Quarterly:

12.   Jun 18 (FY 2019):  Rs 414.94 Cr/ Rs 36.99 Cr/ Rs 3.6
13.   Jun 19 (FY 2020):  Rs 493.01 Cr/ Rs 27.01Cr/  Rs 2.63
        Quarterly YoY De-Growth in NP =  26.98%
14.   Sep 18 (FY 2019): Rs 365.31 Cr/ Rs 11.97 Cr/  Rs 1.17
15.   Sep 19 (FY 2020): Rs 519.94 Cr/ Rs 35.13 Cr/  Rs 3.42
        Quarterly YoY Growth in NP       =  193.48%

Half Yearly:

16.   HY FY 2019:          Rs 779.94 Cr  /  Rs 48.96/  Rs 4.77
17.   HY FY 2020:          Rs 1012.95 Cr/  Rs 62.14/  Rs 6.05

18.   Net Profit in 1st Half of FY 2020 grew by 26.83% to Rs 62.14 Cr as compared to Net Profit of Rs 48.96 Cr for FY 2019.

19.   This stock is on my Radar. After touching a high of Rs 391 on 04 Nov 19, it corrected to Rs 352 to 353. It is now trading at Rs 366.

20.   The stock price has risen from Rs 25 in 2009 to Rs 366 as on 10 Dec 19. It has given amazing returns during these years. The management of Inox Leisure has worked tirelessly to award its shareholders in the past and I am confident that this stock is likely to reward its shareholders in future too as I personally believe that Entertainment Business is going to remain Recession Proof.

Disclaimer:

The post written above is not to be taken as a "Buy Recommendation" by the author for Inox Leisure and no should take a decision to buy this stock based on the information given in this blog. This blog is written only to publish the views of the author, which could be right or wrong. You must consult your Financial Adviser before taking a decision to invest in Inox Leisure.

My Investment Idea No. 2: - KEI Industries

Long Term Investment Idea No. 2

KEI Industries

1.     Face Value = Rs 2

2.     Equity = 16.90 Cr

3.     Price: Rs 475

4.  KEI Industries was established in 1968 as a partnership under the name KRISHNA ELECTRICAL INDUSTRIES with prime business activities of manufacturing house wiring rubber cables. Today it is grown in an Empire offering holistic wires and cables solutions with a global presence. The company offers an extensive range of cabling solutions. KEI Manufactures and markets Extra High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables. Serving both retail and institutional segments, KEI has emerged as one stop shop for products and services with its growing presence in the Engineering, Procurement and Construction (EPC) services domain. They are exporting their products to over 45 countries.

5.    The stock has risen from Rs 10 in 2009 to Rs 614 in Nov 2019 and is now trading at around Rs 475.

Company Results Overview

Yearly:
     
                          Net Sales (NP)/ Net Profit (NP)/ Earning Per Share (EPS)

6.    2015: Rs 2033.02 Cr/  Rs 34.25 Cr  /  Rs  4.05
7.    2016: Rs 2351.02 Cr/  Rs 62.55 Cr  /  Rs  7.40
       Yearly YoY Growth in NP =  82.62%
8.    2017: Rs 2628.46 Cr/  Rs 93.65 Cr  /  Rs 11.08
       Yearly YoY Growth in NP =  49.72%
9.    2018: Rs 3465.50 Cr/  Rs 144.76 Cr/  Rs 17.13
       Yearly YoY Growth in NP =  54.57%
10.  2019: Rs 4230.98 Cr/  Rs 180.86 Cr/  Rs 21.40
       Yearly YoY Growth in NP =  24.93%

Quarterly:

11.  Jun 18 (FY 2019): Rs  886.15 Cr /  Rs 32.22 Cr / Rs 3.81
12.  Jun 19 (FY 2020): Rs 1081.36 Cr/  Rs 45.73 Cr/  Rs 4.66
       Quarterly YoY Growth in NP =  41.93%
13.  Sep 18 (FY 2019): Rs 998.31 Cr  /  Rs 41.45 Cr/  Rs 4.90
14.  Sep 19 (FY 2020): Rs 1233.70 Cr/  Rs 76.08 Cr/  Rs 9.00
       Quarterly YoY Growth in NP =  83.54%

Half Yearly (HY):

15.  HY FY 2019: Rs 1884.46 Cr/  Rs    73.67 Cr/ Rs 8.71
16.  HY FY 2020: Rs 2315.06 Cr/  Rs  121.81 Cr/ Rs 13.66
       HY YoY Growth in NP =  65.35%

17.  It is worth noting that KEI Industries made a profit of Rs 180.86 in full FY 2019 where as it has made a profit of Rs 121.81 Cr in first 6 months of FY 2020 which is 65.35% up as compared to net profit of Rs 73.67 in first 6 months of FY 2020. This I consider as a bright spot in its earnings.

Company's Debt:

18.  FY 2017: Rs 813 Cr
19.  FY 2018: Rs 842 Cr
20.  FY 2019: Rs 600 Cr

Company's Manufacturing Plants:

21.  Company has four Manufacturing Plants located in New Delhi, Rajasthan and Silvassa.

Rationale For Investment as Per Google Research:

22.  Country has total of 65000 km Railway Line out which only 30000 km has been electrified since Independence. Government has plans for 100% electrification in next 4-5 years.

23.  In addition, Indian railways is making dedicated Freight Corridor which would also be electrified.

24.  It is learnt that we may have dedicated high tension cables for Industrial use. So in future, you may see two parallel lines running through the Indian Farms.

25.  Most of the Indian cities would have underground electric cables in Future.

26.  Exports of the Company is likely to grow 30-35%

27.  Housing Sector revival would further enhance consumption of housing cables.

Conclusion:

28.  Though it is a small cap share but it must be kept in mind that it has been registering tremendous growth in its Sales and NP Profit since 2009. With Government's thrust on Power Infrastructure, companies with integrity are bound to perform.

29.   Most of the information provided above has been taken from the internet and which may or may not be correct. Therefore, do your own research before investing in KEI Industries.

 Disclaimer:

The Post written above is not to be taken as a " Buy recommendation" by the author for KEI Industries and no one should take a decision to buy this stock based on the information given in this blog. This blog is written only to publish the views of the author, which could be right or wrong. You must consult your Financial Advisor before buying KEI Industries.

My Investment Idea No. 1: Gujarat Gas Limited (GGL)

Long Term Investment Idea No. 1

Gujarat Gas Limited (GGL): 

1.   Price Rs 230..

2.  Gujarat Gas Limited (GGL) is India's largest City Gas Distribution Player with its presence spread across 23 Districts in the State of Gujarat, Union Territory of Data & Nagar Haveli and Thane Geographical Area (GA) which includes Palghar District of Maharashtra..

3.   In 10th CGD bidding round announced by PNGRB, the company has won 6 GAs comprising of 17 cities in the state of Punjab, Haryana, M.P., and Rajasthan making GGL a pan India Company..

4.   GGL has India's largest consumer base in Residential, Commercial and Industrial segments.

5.  GGL has around 23,200 Kms of gas pipeline network. It has around 344 CNG stations and distributes approximately 8.5 mmdcmd of natural gas to about 13,55,000 households, approximately 2 lakh CNG Vehicles serving per day and to over 3540 Industrial Customers..

Now RESULTS🙂🙂

6.    Face Value Rs 2
7.    Equity 137.68 Cr

                Net Sales (NS) /Net Profit (NP) / Earning Per Share (EPS)

Yearly

8.    2016: Rs 6105 Cr Approx / Rs 155.87 Cr / Rs 2.26
9.    2017: Rs 5092 Cr Approx/  Rs 220.59 Cr/  Rs 3.20       
       Yearly YoY Growth in NP = 41.52%
10.  2018: Rs 6174 Cr Approx/  Rs 292.45 Cr/  Rs 4.25       
       Yearly YoY Growth in NP = 32.57%
11.  2019: Rs 7754 Cr Approx/  Rs 418.45 Cr/  Rs 6.08       
       Yearly YoY Growth in NP = 43.08%

Quarterly

12.   Jun 18: Rs 1765 Cr Approx/  Rs 122.12 Cr/   Rs 1.77
13.   Jun 19: Rs 2614 Cr Approx/  Rs 234.04 Cr/   Rs 3.4     
       Quarterly YoY Growth in NP = 91.64%
14.   Sep 18: Rs 1964 Cr Approx/ Rs 41.00 Cr/      Rs 0.59
15.   Sep 19: Rs 2512 Cr Approx/ Rs 517.03 Cr/    Rs 7.51   
        Quarterly YoY Growth in NP = 1161.04%

Half Yearly

16.   HY 2019:Rs 3730 Cr Approx/ Rs 163.10 Cr/   Rs2.36
17.   HY 2020:Rs 5126 Cr Approx/ Rs 751.07 Cr/ Rs 10.91 
        Half Yearly YoY Growth in NP = 360.49%                   

Analysis:

18.   FY 2019 full year profit Rs 418.45 Crores Vs Rs 751.07 Crores for only 6 months of FY 2020....Now u can analyse on your own😊🤣

19.   My target: At least double in 18-24 months..(I reserve the Right to be Wrong)

20.   Like MGL & IGL, GGL is also a beneficiary of reduction in Gas Prices..

21.   Happy Investing....I will wait for some meaningful correction/ Profit Booking before taking a plunge into GGL....Let's see how long do we have to wait......

22.   In my opinion 215-220 would be the region to buy it for long term....

23.   Other strategy which I could follow is to buy 25% now and rest after correction, if it happens. As far as I am concerned, I am very comfortable buying GGL at these prices for a horizon of more than one year.

24.   Most of the information provided above has been taken from www.moneycontrol.com and which may or may not be correct. Therefore, do your own research before investing in this stock.

CAUTION

The Post written above is not be taken as a "Buy Recommendation" by the author for Gujarat Gas Limited (GGL) and no one should take a decision to buy this stock based on the information given in this blog. This blog is written only to publish the views of the author, which could be right or wrong. You must consult your Financial Advisor before buying this stock (GGL).