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In order to recommend the best stock ideas to our members, our team does extensive research, goes through all the corporate announcements on daily basis and screens for various potential investment opportunities.
Through [Stocks to watch] email, we would like to share with you interesting stock updates we come across while performing our research. Hope you find them useful for your own investments or to add the stocks to your watchlist:
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Mayur Uniquoters – Mayur supplies synthetic leather to domestic and overseas clients and is one of the biggest players in the segment. Some time back, the company started PU artificial leather production with capacity of 6 lacs linear meters per month.
For a long time the company wasn't able to scale up the production because of continuous import of cheap PU leather from China.
Source: BSE India
However, recently, the Govt. of India issued a notification on 20th May'22 imposing anti-dumping duty on all imports of PU leather originating from China, barring one manufacturer.
The imposition of ant-dumping duty on PU leather imports from China will provide the level playing field to the company and should help increase its own production and sales.
Heranba Industries – As we often say, we keep a close track of purchase/sale transactions by promoters as they are the closest to the business and know it better than anyone else.
On 26th May'22 we can across an announcement by Heranba Industries regarding purchase of 4,000 shares of Heranba by one of its promoters Mr. Raghuram Shetty from the open market.
Source: BSE India
On checking further we found that Mr. Raghuram bought in total 24,000 shares of the company in the month of May'22. He spent around Rs 1.35 crore on the purchase of shares.
Promoters already hold 74.77% stake in the company which is closer to the maximum permissible limit of 75%.
Disclaimer: This is not a recommendation to buy/sell Mayur Uniquoters and Heranba Industries. These updates are as announced by the companies on exchanges and only for the purpose of information and education.
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SEBI Research Analyst Registration No. INH100001690
Research Analyst Details
Name: Ekansh Mittal Email Id: [email protected]
Disclaimer: You can access it here - LINK
Whether the research analyst or research entity or his associate or his relative has any financial interest in the subject company/companies and the nature of such financial interest – No
Whether the research analyst or research entity or his associates or his relatives have actual/beneficial ownership of 1% or more securities of the subject company (at the end of the month immediately preceding the date of publication of the research report or date of the public appearance) – No
Whether the research analyst or research entity or his associate or his relative has any other material conflict of interest at the time of publication of the research report or at the time of public appearance – No
Whether it or its associates have received any compensation from the subject company in the past twelve months – No
Whether it or its associates have managed or co-managed public offering of securities for the subject company in the past 12 months – No
Whether it or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months – No
Whether it or its associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months – No
Whether the subject company is or was a client during twelve months preceding the date of distribution of the research report and the types of services provided – No
Whether the research analyst has served as an officer, director or employee of the subject company – No
Whether the research analyst or research entity has been engaged in market making activity for the subject company – No