Hi Ace, Wanted to know your views on the valuations of jhs..if we do not take the exceptional amount came from png settlement last quarter..the stock possibly trading at a 50 pe ttm basis. We have not see any volume uptick this quarter, although margins improved , but do you think the valuation is justified. Jhs is not a direct fmcg play as till now majority of their revenues come from contract manufacturing where margins are not good.Going forward in terms of number what shall we look at margin expansion/ their own product revenues/ overall revenue ?
All I am not sure is how market perceive this in terms of valuation..
Disclosure: I have good allocation in my pf from lower levels.
Icicidirect, zerodha and many brokers not allowing to buy Jaipan as it is in ST category. I sent an email to icicidirect who plainly replies that i cannot buy Jaipan through icicidirect. Isthere any solution to this or one needs to wait till it comes out of ST group to add Jaipan?
Thanks for Updates…!!!
Hi Ace, Wanted to know your views on the valuations of jhs..if we do not take the exceptional amount came from png settlement last quarter..the stock possibly trading at a 50 pe ttm basis. We have not see any volume uptick this quarter, although margins improved , but do you think the valuation is justified. Jhs is not a direct fmcg play as till now majority of their revenues come from contract manufacturing where margins are not good.Going forward in terms of number what shall we look at margin expansion/ their own product revenues/ overall revenue ?
All I am not sure is how market perceive this in terms of valuation..
Disclosure: I have good allocation in my pf from lower levels.
as mentioned numerous times in the past valuations is a matter of perspective. But noone can deny growth
Icicidirect, zerodha and many brokers not allowing to buy Jaipan as it is in ST category. I sent an email to icicidirect who plainly replies that i cannot buy Jaipan through icicidirect. Isthere any solution to this or one needs to wait till it comes out of ST group to add Jaipan?
cant comment on brokers but i believe there would be brokers that are allowing trading in these shares.