May be google drive link for download?
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Any known news or idea on 15% correction over a month timeframe?
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yes, wondering the same…Also the stock is under Additional Surveillance Measure by exhanges…don’t know why
It’s very common for small-cap companies to experience 15-20% declines. Focus on the business fundamentals & potential growth opportunities.
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One of the reason for the fall may be Shilchar not yet confirming the expanded capacity going live.
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They did confirm, no?
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I have seen the pattern a lot lately in small caps. Stock is sometimes an excellent buy but it is pushed down for some reason just before start of rally. Maybe operators trying to get retail out to get better valuations.
Still a good rule of thumb if you like the fundamentals and the general direction of buisness good time to accumulate.
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AR -2024
Our unique knack for understanding customer requirements, outstanding design capabilities to create customer-specific products, and our commitment to manufacturing quality products position us well to capitalise on industry trends. We have an in-house design and engineering team consisting of 15 people, including electrical and mechanical engineers. Further, I personally take a keen interest in the design function of the company. This capability enables us to serve custom-designed transformers based on client specifications, as the majority of our business is of such nature. We don’t operate with a stockand-sell model. Each product is designed specifically for each project.
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Is transformer sector losing its charm?
All players in transformer and power distribution sector have lost 15-25% of share value in last couple of months. Technically they are weak because stocks are trading below 50DMA. Any thoughts on this from anyone closely tracking this sector?
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Tracking Shilchar and Transformers and Rectifiers - both are under ASM Stage 4 for a long time now - cant expect prices to move up here
Reason for not expect price to move up from here? Apart from ASM? They’ve been in ASM for long
I would say below reasons for price stagnating for shilchar :
- running at full capacity for some time
- expansions got delayed
- stock in ASM for a long time now - it did come out of ASM stage 4 for a day and moved to stage 3, but very next day it was back in stage 4
all above reasons are temporary and willl give lot of time for weak hands to move out and strong hands who will be part of next rally to accumulate at good levels
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Looks like last 3 days of 5% rise. Any particular reason ? Is it due to good results ?
Unable to find the result numbers yet
No due do good results from TARIL whole sector went for a joy ride. Good signs shows underlying strength in sector demand.
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Although based on this expecting some decent numbers this time around as company also has sufficient order book to utilise new capactiy.
Next quarter will have good numbers, new plant came into operation late
Investor call this Friday post results on Thursday. Will be interesting to see. Last time they had announced a big capex plan.
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Along with Q2 results (link), CG power shared further Capacity expansion plan for Power transformers. This will be approx. 2.5X capacity expansion in approx. 1 - 1.5 Years. Current utilization at 85%. Approx. 18 months for capacity to kick-in.
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https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1596b0a-1174-4679-9d85-fd49e8bc54fe.pdf
Shilchar declared super set of numbers. there is conference call scheduled for tomorrow. their investor presentation looks neat too. with expanded capacity Shilchar 2.0 will start now…
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