Blog – Page 27 – Katalyst Wealth

[Stock notes] – Sahyadri Industries…is it time to take a contrarian call?

September 1, 2023

Hello Sir, Hope you are doing well. Recently, I was going through the con-call of Sahyadri Industries which deals in Asbestos and non-asbestos flat sheets and boards. While the demand for the products seems stable, the industry is reeling under the pressure of surge in raw material prices. As a result, despite the increase in sales, almost all the companies from the sector have reported lower margins and profits. In general, we like looking at companies which have done well in the…

[Stock notes] – Apex Frozen…is the shrimps industry bottoming out?

August 25, 2023

Hello Sir, Hope you are doing well. Recently, I was going through the con-call of Apex Frozen Foods which exports processed shrimps to US, EU, China and other markets. The demand from US, EU continues to be low as there’s still high cost inventory in such markets. However, despite the poor quarterly results, stock price seems to have stopped reacting negatively for now. In general, we like looking at companies which have done well in the past but currently going through a…

[Stock notes] – Repco Home Finance…marking a turnaround?

August 18, 2023

Hello Sir, Hope you are doing well. Remember, in 2017-18, housing finance stocks were all the rage. Repco Home Finance too was quite famous then and was frequently quoted about on various business channels. However, the stock peaked out around Rs 900 in June 2017 and went as low as 90 in May 2020. Since then, the stock has recovered to around current levels of 375 and the business is also showing signs of turnaround. Mr. K Swaminathan took over the…

[Stock notes] – KRBL…impact of non-basmati rice export ban

August 18, 2023

Hello Sir, Hope you are doing well. The Govt. of India recently imposed a ban on non-basmati rice export. This has resulted in increase in demand for Basmati rice in export markets. The realizations have also increased. No wonder, major basmati rice listed stocks like LT Foods, Chaman Lal and KRBL have performed well. Source: Chaman Lal Q1 FY 24 presentation We recently went through the con-call of KRBL, the company behind the well known India Gate basmati rice brand. Below, we…