Dear Kanv
I tried to did something which obviously not an indication for investment decision making but to spot greediness of a speculator.
With my limited knowledge of speculation if I put my hats of speculator then:
- On a 2 year chart or even short term stock appears to be moving in range or at best consolidating. Basically there is no price or volume action for some time. I would look for at least some price and volume increase for a speculative profit.
- The history of delivery percentage has not seen much change during last few months. Basically there is no deviation to pattern.
- I checked some of these names (investment companies we discussed last time) in old shareholding pattern. Most of them are there for long time, names prop up after new management take over. Possible old promoter holding or relatives through investment companies.
However I don’t feel these can be stand alone factors for investment. Industry is saddled by disruption for some time, niche area like veg restaurant can be double edge sword. If you have specific questions for business model let’s evaluate. I may not take a fresh entry at this price unless we do some further analysis due to 1. the growth being factored now (no more available at balance sheet valuation) 2. the industry is prone to disruption (like aggregator turning to room chartering) 3. even blue ocean like MICE which may strangulates the current strategy and focus.