Sharda Motors, Monthly - Nice C&H breakout on the monthly. This has been a value buy for a long time but with growth in the future and not imminent. Now growth has also come in which is generally a potent combination
@manpritaurora and @nirvana_laha have done great work on the Sharda thread and I looked it back in Apr/May but gave it a pass with no immediate triggers. Now with numbers coming in and TREM V in the future, and chart setting up well, looks like its perhaps the right time.
Highlighting from the thread
Motilal Oswal Financial Services, Monthly - Getting out of the congestion zone around 1000-1100. Has done nothing in this raging bull market and has remained as a value pick.
Recent two quarters numbers are good but its not from durable streams like HFC and wealth management but from capital markets (FnO, Financialisation of savings) and Fund based activities (institutions raising capital) both of which are deeply cyclical so somewhat lower in quality IMO. But its perhaps cheaper than it deserves to trade at
Disc: Have position in Sharda Motors between 1100-1200 and MOSL around 1150.