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[Industry Notes] – Understanding Basmati rice industry in detail and names of 3 listed players

Hello Sir, There are quite a few listed Basmati Rice cos. – LT Foods, KRBL, Chaman Lal Setia (CLSE). In fact, we have ongoing recommendations on LT Foods (initiated at Rs 87.5) and CLSE (initiated at Rs 112.80) and what’s even more interesting is that we have covered CLSE twice before in the past – 2016 and 2019 and both the times the stock delivered good returns. So, the past 2 years have been excellent for basmati rice exporters, with GOI decisions helping…

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[Stock note] – Apex Frozen…is the shrimp industry bottoming out?

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 continues to be low. However, things might start turning favorable for the company and the sector with the imposition of Anti-Dumping (AD) and Countervailing Duties (CVD) on Ecuador and Indonesia. To understand the company better, we have shared notes from the Q4 FY 24 con-call of the company. Before that:  …

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[Industry Notes] – Is it a good time to look at Agrochemical stocks for Investment

Hello Sir, Recently, I was looking at few companies like Insecticides India, Sharda Cropchem, etc. which deal in Agrochemicals. The last 2 years were really bad for the industry with pricing challenges and excess supply from China. Prices of many agrochemicals corrected by 40-50% and even more and similarly stock prices are also down around 50% and more. However, based on the management commentary, it seems that prices have stabilized now and are gradually moving upwards. It’s always interesting to look at good…

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[New Stock Reco]: Management targeting 20-30% sales growth for next few years

Hello Sir, Hope you are doing well. Yesterday, we released new stock recommendation for Alpha and Alpha + Members and would like to share with you details on the same. It’s a leading company and key beneficiary of strong growth in Real Estate segment. Based on our analysis, the stock looks interesting for the next 3-4 years due to the following reasons: In the last 3 years, the company has more than doubled its sales and management is targeting 20-30% sales…

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