Dollar Inds, Weekly - Appears to be bottoming out. The recent quarter numbers are very good and the valuation is cheap. The business doesn’t have good working capital management, mainly on the receivables - probably worst in the industry and the valuation reflects that. However, there are signs that this might be changing.
Emami, Monthly - Decent numbers, favorable valuation. Trendline breakout and a bit of consolidation has happened.
Amrutanjan, Weekly - Good numbers today and a C&H on the weekly. Valuation is probably fair but if growth shown in this quarter is sustainable, then perhaps it is undervalued.
SH Kelkar, Monthly - Very good results and the worst might be behind the company here. Promoters have shown faith in increasing their stake throughout the year. Valuation is very good as well
Tata Motors, Monthly - Long downtrend broken. There are recent signs of recovery. The new models of Altroz and Nexon EV as well are doing very well and growing faster than the industry. They have recently pipped Mahindra in PV sales and are at #3 in terms of market share behind only Maruti and Hyundai. What’s also nice is Nexon EV is being offered with 160k or 8 year warranty, showing faith in the platform. I think it might be mature enough for mass production of EVs at this point. Nexon EV is doing way better than MG ZS EV and Hyundai Kona and is priced much lower as well and is currently the segment leader. PV business has well and truly turned for Tata Motors. Hopefully now they can do the same with CV and JLR as well. JLR is also showing strong signs of recovery lately. None of this is in the valuation yet.
Maithan, Monthly - Another value play in the metals space with about half its market cap in cash, trading at 7 times earnings, 3 times EV/EBITDA and about 1 time P/B. Has been a laggard compared to other metal stocks, despite pretty good recent numbers. Is very close to a trendline breakout.
Disc: Have trading positions in all