Blog – Page 27 – Katalyst Wealth

[Portfolio stock]: Canfin Homes…coverage closure update

July 28, 2023

Hello Sir, Hope you are doing well. In the past, we have made our report on Canfin Homes (NSE – CANFINHOME) public, thus sharing this coverage closure update. We initiated the stock recommendation on Canfin Homes for our Alpha and Alpha + members way back in May 2013 around 30 odd levels. You can read the initiation report HERE Yesterday, after 10 + years, we finally closed the coverage on the stock at around levels of 770. It’s been a huge wealth creator at over 25 times over the last 10 years;…

[Special Situation] – Wipro buy back…78% acceptance ratio

July 21, 2023

Hello Sir, Hope you are doing well. On 14th May’23, we released Wipro (NSE Code – WIPRO) Special situation opportunity for our Alpha + members and would like to share with you details on the same. What’s interesting about this opportunity is that the actual acceptance ratio turned out to be 78% in small shareholders category which resulted in good gains of around 13% in 2 months for the investors. As can be noticed, only 5.18 crore shares tendered in the small-shareholder category against aggregate shareholding of 17.29 crore…

[Stock idea] – IG Petrochemicals…India’s Largest Phthalic Anhydride Manufacturer

July 14, 2023

Hello Sir, Hope you are doing well. Last 2 years have not been very good for chemical based stocks. Their realizations have come down, margins contracted and PE ratios have also contracted. A lot of stocks are down 40-50% from their highs. Source: May’23 IG Petrochemicals presentation Recently, we came across IG Petrochemicals which claims to be India’s largest Phthalic Anhydride manufacturer with more than 50% domestic market share. On a cursory glance, the numbers looked interesting and we decided to dig deeper.…

[Stock idea] – Meghmani Finechem…4th largest manufacturer of Chlor-Alkali and its Derivatives in India

July 14, 2023

Hello Sir, Hope you are doing well. Recently, I was scanning through some stocks and came across Meghmani Finechem which is one of the largest Chlor-Alkali and its derivatives manufacturer in India. Source: Q4 FY 23 Meghmani Finechem presentation On reading further, found out that the company is transitioning from Chlor Alkali to its derivatives and specialty chemicals segment. What’s interesting is that the company’s operating margins are very high at around 30% and the management targets 25% ROCE when setting up any…