Value Protects in Inefficient & Wildly Swinging Scary Stock Markets

Value will Protect in a Wildly Swinging Market !

How Terribly Inefficient our Stock Markets are !

The Share Price Swings in Small & Mid Caps can be equally exhilarating and devastating !…depends !

And all this happens when the Sensex and Nifty move in a very narrow range !

Down ! Down ! Down!

Look at Amtek Auto’s Crash yesterday and continuing today !…all because the Exchanges announced that it will no longer be traded in the F & O Segment 

It was Rs 141.50 on August 17,2015.Yesterday August 19,2015 it crashed  by nearly 40% and Rs 50 to hit a low of  Rs 78 before closing at Rs 89 !

And this morning August 20,2015  it crashed another 40% to a low of Rs 50.70 before now recovering to Rs 67 levels !  

So the fall in three days from a High of Rs 141.50 to a low of Rs 50.70 is 64% erosion of market cap  from Rs 3100 crs to Rs 1100 crs in just one big Breath ! with High Volumes but low Delivery %….SCARY !

And this is a Company where the Promoters Dhams & Their Companies own 48.98%,FPIs like Goldman Sachs & Macquarie hold 18.83%,Domestic Institutions like LIC hold 16.47% as on June 30,2015.

There were over 46000 shareholders on this date.Spare a thought for them !…and for those who were long in F & O !

…and Spare a Curse for those Broking Houses and FPIs who recommended this Scrip !

Did not all know that the Group is struggling with over Rs 25000 crs in debt !….Wise after the Event ! 

 

Date

Open

High

Low

Close

WAP

No. of 
Shares

No. of 
Trades

Total Turnover

% Deli. Qty to Traded Qty

17/08/15

135.00

141.50

127.55

133.10

133.54

11,27,928

15,415

15,06,28,023

17.63

18/08/15

133.25

134.25

127.40

128.55

129.54

5,32,507

5,649

6,89,83,199

23.42

19/08/15

126.90

126.90

78.00

89.00

100.86

35,47,065

26,846

35,77,46,778

36.40

Look at Stampede Capital  !

Rs 650 two days ago after an all time high of Rs 800 on August 6,2015 and down on two consecutive lower circuits of 20% yesterday at Rs 494 and even today to Rs 406 on BSE !….CRAZY !…and SCARY!….just over 2700 shareholders,one being Superstar Amitabh Bacchan (entered a year and a half ago picking up One Cr shares at Rs 88 & similar at  Rs 110 levels), at June 30,2015 in what is clearly a highly controlled scrip

Look at Ansal Buildwell ! Big Up & Down Swings in three days ! 

Clearly Insider trading Involved or can the long positions be defended as aggressive risk taking based in favourable anticipation of a Supreme Court Judgement that was announced yesterday on the Ansal Brothers for the Uphaar Cinema Hall Tragedy that took 59 lives 18 years ago in a devastating Fire !

On August 17,2015 the Share Price was Rs 123.On August 18,2015,just a day before Supreme Court Order the Price flared to Rs 148.30.Yesterday it closed up on upper circuit at Rs 163.10 ! as Supreme Court announced merely a Fine of Rs 60 crores on the Brothers and no Jail Sentence !….and today it’s on lower circuit at Rs 146.80 nearing noon !…and the rise was being justified as Market Cap just @ Rs 100 crs and land bank value worth Rs 10000 crs !       read more

One Line Snap Observations on Results of Havells @ Rs 550 & Pipavav @ Rs 81 & Cheviot @ Rs 321 & Suprajit Engineering @ Rs 22

One Line Snap Observations on Results of Havells & Pipavav & Cheviot & Suprajit Engineering

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  • Havells @ Rs 550 ( FV Rs 5) ~ Electrical Equipment ~ 52 wk High/Low Rs 616/Rs 313

“Babu Moshai ! You can’t take my Fans away from me “

~ FY PAT up 20% + at Rs 370 crs that’s now Earning Rs 1 +Crore a Day !

http://www.bseindia.com/stockinfo/anndet.aspx?newsid=08157a09-a6c9-4893-8061-e377dc1f11ad

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  • Pipavav @ Rs 81 ( FV Rs 10) ~ Defence ,Ship Building ~ 52 wk High/Low Rs 93/Rs 51
Battling Order Cancellations ~ Concede it’s a capital intensive and high gestation and expertise business but Deploying Rs 2000 crs to earn just Rs 20 + crs is unacceptable

http://www.bseindia.com/stockinfo/anndet.aspx?newsid=3ca5cfdb-260d-467b-84fb-30b2cf3b1294

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  • Cheviot @ Rs 321 ( FV Rs 10) ~ Jute,Captive Power,Investments ~ 52 wk High/Low Rs 377/Rs 249

Continue to be Impressed

~ Cash Rich ~ No Debt ~ Networth Rs 292 crs that’s a Book Value now @ Rs 650 and that’s PBV below 0.5! ~ Equity Low at Rs 4.51 crs ~ PAT Rs 29 crs ~ EPS Rs 64 that’s PE of 5 ~ Dividend 130%,that’s a yield of 4%

http://www.bseindia.com/xml-data/corpfiling/AttachLive/Cheviot_Company_Ltd_300512_Rst.pdf

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  • Suprajit Engineering @ Rs 22 ( FV Rs 1) ~ Two Wheeler Cables ~ 52 wk High/Low Rs 23/Rs 16

Steady Share Price and Steady Earnings

 ~ Networth Rs 129 crs that’s a Book Value @ Rs 10.75 and that’s PBV of 2 ~ Equity is Rs 12 crs ~ PAT Rs 40 crs ~ EPS Rs 3.3 that’s PE of sub 7 ~ Dividend 65 %,that’s a yield of 3% ~ Capacity to be 150 million by March 2013

http://www.bseindia.com/xml-data/corpfiling/AttachHis/Suprajit_Engineering_Ltd_290512_Rst.pdf

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