Any views on adding GRSE (Garden Reach) at 2300 levels? Volumes are pretty strong. Contemplating of adding it despite sky-high valuations as I would essentially want to bet on hot stocks.
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In fact I was trying to add to my existing holdings .
But I am holding back my decision due to the recent run up!
However , i am not qualified to give you a recommendation though I remain invested since last 2-3 years.
But I donāt find any specific reason why the stock is running up so fast ā¦ there is no uniqueness with garden reach among other peers lā¦ All 3 stocks are equally placed to take benefit of defence play in shipping.
it may be possible that many funds / FII/ institutions/ HNI chasing or there is something in the market which we are not aware.
Rather , given a choice , i would like to add Mazgaon dock available at much cheaper valuation currently available and it may not be possible to add during OFS or post OFS as the stock may skyrocket merely because of wide valuation gap between it and itās other two peers.
Discl : I am not a Sebi registered equity analyst. This is my personal view. Not a buy sell recommendation. please do your own assessment before buying. I may be biased since I have investments.
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GRSE has a massive order book when compared to its market cap. does that help add any more weightage to the stock?
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Market cap.perhaps can always increase and decrease depending upon how the market values which may again depends upon the quarterly performance. And at times market may behave irrationally which later can get corrected in due course.
As far as order book is concerned , Mazgaon dock hss the highest order book
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PLI scheme for Railway ancillaries
Under the proposed scheme, the government plans to offer output-linked incentives to companies producing items such as wheels, brakes, transmission systems, and other parts that are typically imported.
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which are players, which may possibly benefit from this ?
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The likely beneficiaries listed companies would be Titagarh rail , Jupiter wagon , Ramakrishna forgings,. Escorts Kubota has a railway division specialized in railway brakes, has been supplying railway brakes. However railway division of Escorts was to be sold to a German company called Knorr Bremese. Knorr Bremese is the world leader in modern railway brakes. knorr Bremese has been here in India too since decades. Wabco India is another company specialized in pneumatic brakes.
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Till new sources and tech for Lthium and other tech is found, this is nice to have as 2070 target. Just far out, for it to be forgotten in a decade.
I donāt particularly care for the politics of it or even the science for it. But I have a data point that you can check.
Coal India is ramping up production to cross 1 Billion tonnes/year and is already close to hitting it.
EV needs power to charge, power has to generated somewhere, itās coal thatās the cheapest till SMR(small modular reactors) become commonplace or PHWRs are rolled out in fleet mode.
There will be no net zero but we sure will have growth in Batteries, solar, silicon ingots, plastics, turbines, magnets, copper, wiring, motors industries.
I will invest in the above though
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Defence Ministry Announces List Of 346 Strategically Important Items To Be āMade In India.This is the 5th Positive list. List attached
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Have you identified companies that look interesting due to this list.