MSTC, Monthly - 8 month consolidation post the scrappage policy announcement. This is an exciting value-play in the e-auction, e-procurement, e-retail space, mainly for PSUs but also growing into the private sector. There’s even a foray into setting up a power exchange. This company is a little bit all over the place. There is a change in focus in the last one year with the discontinuation of the trading business. Lot of details in the MSTC thread.
The PnLs of this company can be very confusing due to the change in nature of business and also the possibly aggressive revenue-recognition, provisions, write-offs and then write-backs etc. that have happened in the past. These should stop going forward as per recent concall. The same can be seen in the balance sheet as well which has been pretty poor in the past but has been improving quite drastically in the last couple of years where receivables are down drastically, along with the debt and cash going up. Valuations net of cash are still very cheap considering market size for scrap after the scrappage policy (check thread and concalls)
Zee Ent, Monthly - Big bullish candle after 1.5 years of consolidation around 200 month MA. Fundamentals are well known but this is still high-risk depending on which way the recently announced deal goes, along with Invesco’s support for it. Several variables are at play so please deal with caution.
Premco, Monthly - Undergoing consolidation around previous congestion zone.This business was a microcap market darling in the last bullrun and fell out of grace when that ended.
TTM PAT at all time high by a big margin, the RoCE is back at 25% levels last seen 5 years ago and yet its trading at just a 8x P/E. Business prospects appear good with all the businesses Premco supplies to like Lux, Rupa, Jockey etc. all doing well.
Disc: Have positions in all at around current levels. I am not SEBI regd. RIA. I am a newbie so please do your own analysis.