The markets are a swinging machine, and everyone has an opinion on the direction, intensity, mayhem, autumn and many more things. Unfortunately have none of these and it has been a long wait again for the the next post. Lot of things have kept me away from writing more, lot of folks messaged for Muhurat Picks :). This is not an advisory blog and there are no festival picks but thought penning this small note on stocks which I intend to write on in the coming months maybe?
Just Dial - Crumbled post the Open Offer closure and there is not much excitement around this company given how it performed in recent times. But the long and short is now the promoters own 78% and the company has lot of cash! The Market cap is 6500 crore and it most likely fits into the long term SME/Small Biz owner digitisation plans of Reliance Retail.
Windlas Biotech- API players are loved and snubbed and embraced and torn apart all at once. Twitter wars around them make for good entertainment. But amidst the noise there are few companies like Windlas, recent IPO. A stable generic CDMO business, 130 cr cash on book. It will invest part of this for injectables business. Can generate 40cr+ annual cash with existing business. All this at 670 cr Mcap.
IM+ Capital - Sometimes Small is Big. This company was taken over by Tirupati Containers. IM Capital is approved by NCLT as the acquirer of Fedders Electric for 96 crores. The listed company has cash and would be interesting to see if both are merged given now its a 100% subsidiary of IM Cap. Mcap is 25 crore so not for the daily gazers.
More on all this in the coming days. Till then hoping to get back to the writing routine.