Stock Price is determined by demand and supply for stock and of money. And dd & supply for stock depends on perception which is often out of sync with reality.
Nov 12, 2019 • 6 tweets • 2 min read
#valuations#GodrejProp
Godrej Properties, Consol. Networth
March 2009 Rs 299 cr,
March 2019 Rs 2469 cr
change Rs 2170 cr
Securities Premium (on account of capital raised)
March 2009 Rs 148 cr
March 2019 Rs 2695 cr
Change Rs 2547 cr
In 10 years, Networth change < Capital raised, meaning company has lost money for 10 years. It has reported profit every year but then there are adjustments to PAT! Net effect - negative earnings for 10 years.
Apr 25, 2019 • 11 tweets • 6 min read
This is a farm pond in village Kadvanchi, Jalna. I had the privilege to visit this village with my friend and classmate Yugandhar Mandavkar and Pandit Wasare. They undertook watershed development project in this Village from 1996-2000. 1/n #Kadvanchi
As a result of what they suggested and villagers implemented under the Indo German Watershed Development programme of Nabard, village has adequate water in April, when rainfall was 30% lower than normal. 2/n #Kadvanchi
Jul 16, 2018 • 14 tweets • 3 min read
Indian Markets are falling and valuations of many mid/small cap are at levels never seen before. What is the reason? It is the stupid regulations of @SEBI_India who instead of protecting shareholders is ensuring massive destruction of wealth 1/n
3 key regulations, - Reclassification of MF schemes, Additional Surveillance Measures and physical settlement of delivery and all in a short time frame. I dont understand how you can classify stocks as mid or small or large cap based on their market cap rank 2/n