In today’s briefing:
- PNB Housing: Block Deal Trade Special Situations and Tactical Trade Strategy
- Indian Energy Exchange: Do You Want to Earn a Royalty on India’s Economic Growth?
- Virtuoso Optoelectronics Ltd- Forensic Analysis
PNB Housing: Block Deal Trade Special Situations and Tactical Trade Strategy
- Impending block deals which generally create supply over-hang on the stock leads to a negative impact on the stock.
- These block deals generally include selling promoters and big funds at a price discount to its current market price.
- Historically, such events suggest once the block deal is done; stock reacts positively creating a Special Situation Opportunity
Indian Energy Exchange: Do You Want to Earn a Royalty on India’s Economic Growth?
- As one of the fastest-growing economies globally, India is projected to become the third-largest economy, trailing only China and the US, by 2027.
- Amid macroeconomic challenges worldwide, investors are eager to tap into India’s robust economic growth.
- However, economic growth does not always correlate with equity market growth, as seen in Spain and Italy during the 1980s and 1990s, and more recently in China.
Virtuoso Optoelectronics Ltd- Forensic Analysis
- Virtuoso Optoelectronics (VOEPL IN) is a contract manufacturer company engaged into production of ACs, Lightings and other equipments. The company is renowned for supplying ACs to Voltas.
- The company has grown sharply over the last five years and has been engaging in constant capex. However, it does struggle in converting its earnings to cash.
- Among the forensic checks, it nets off receivables and payables/advances, the exact nature of these line items cannot be commented upon. VOEPL also faces high cost of borrowings
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